Gold’s golden run shows no sign of slowing. Since last Dhanteras, prices have surged from around Rs 78,840 per 10 grams ($2,769/oz) on October 29, 2024, to nearly ₹1.28 lakh ($4,254/oz) in October 2025 — a stunning 63% jump in rupee terms and 53% in dollar terms. The rally marks one of the strongest 12-month performances for the precious metal in recent years, outpacing both equities and other commodities. Advertisement

According to Ventura Securities, gold’s relentless rise has been driven by a mix of macroeconomic and geopolitical tailwinds — including expectations of US Federal Reserve rate cuts, a weakening dollar, persistent central bank buying, and renewed trade frictions between the US and China. The brokerage notes that gold has recorded eight consecutive weekly gains, reflecting

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