People across India have commenced the five-day Diwali festivities, beginning with Dhanteras today, a Hindu festival regarded as auspicious for investing in gold and silver.

As the festive season kicked off, the gold rates in India reached an all-time high, with the price of the yellow metal reaching historic highs at the start of October, driven by concerns over a potential US government shutdown, which led to increased demand for safe-haven assets.

On October 18, gold prices showed an upward trend, with the price being Rs 13,278 per gram for 24-karat gold, Rs 12,171 per gram for 22-karat gold and Rs 9,959 per gram for 18-karat gold.

The MCX gold index was at Rs 1,27,320/10 gm at 8 am on October 18, the official website showed. Meanwhile, MCX silver prices were at Rs 1,57,300/kg, it sh

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