{
  "type": "article",
  "title": "Gold Crosses Rs 1.50 Lakh Mark Ahead of Dussehra as Festive Demand Lifts Sentiment",
  "summary": "Supported by overseas cues and festive jewellery buying, gold climbed Rs 400 to Rs 1,50,300 per 10 grams in Delhi, while silver held firm at Rs 2.15 lakh per kg.",
  "content": "Precious metal prices in the domestic market received a noticeable lift on Monday, spurred by reviving retail jewellery purchases ahead of Dussehra and firm cues across international trading desks. Bullion counters in the national capital saw gold surge past the Rs 1.50 lakh threshold once again, as seasonal demand and upcoming wedding preparations encouraged physical buyers back into jewellery stores.\n\nDelhi Bullion Market Records Fresh Gains\nAccording to bullion traders in Delhi, standard gold of 99.9 percent purity witnessed an increase of Rs 400 on Monday, settling at Rs 1,50,300 per 10 grams. This upward movement followed the preceding trading session on Friday, when the yellow metal had concluded at Rs 1,49,900 per 10 grams. Meanwhile, industrial metal silver experienced a calm session, maintaining an unchanged rate for the second consecutive trading day at Rs 2.15 lakh per kilogram. Bullion trading counters will observe a holiday on Tuesday, 20 October, on account of Dussehra.\n\nPhysical Inflows and Festive Buying Trends\nMarket observers pointed out that physical demand is showing clear indications of revival after a sluggish stretch. HDFC Securities senior commodity analyst Saumil Gandhi stated that improving retail demand alongside supportive global markets assisted the domestic price recovery. Gandhi noted that spot demand gathered strength, leading gold to trade at a premium for the first time in over three months last week. A recent softer price patch gave jewellery shoppers an opportune entry point, triggering fresh orders. Gandhi anticipates that retail demand will strengthen further ahead of Diwali, providing sustained domestic price support.\n\nCrude Oil Cool-Off and Global Influences\nDevelopments in international macro factors also played a constructive role in supporting the bullion complex. Gaurav Garg, head of research at brokerage platform Lemon, noted that softening crude oil valuations coupled with retreating yields on US treasury bonds alleviated broader inflationary concerns, which directly bolstered precious metal sentiment. In overseas spot deals, gold traded with marginal variation around $4,175.57 per ounce, whereas global silver advanced by more than 1 percent to reach $57.63 per ounce.\n\nWedding Season Demand and Near-Term Outlook\nLooking ahead toward the festive and wedding season, financial analysts expect firm but measured domestic price action. Vikas Gupta, chief executive officer at Omniscience Capital, highlighted that festive calendars traditionally usher in higher demand for bullion. Gupta noted that domestic gold prices are likely to see a modest bounce during the festive stretch before stabilising thereafter. He added that the potential for the US Federal Reserve to hike interest rates could continue capping extensive gains in the global market, preventing runaway price rallies.\n\nWhat this means for you\nThe sudden uptick in bullion rates directly elevates procurement costs for festive jewellery shoppers across the country.\n\n• For Jewellery Buyers: Retail shoppers must now budget Rs 1,50,300 for 10 grams of pure gold, reflecting a Rs 400 increase over Friday. Those planning heavy purchases for weddings or festivities will experience higher overall billing totals.\n• Trading Holiday: Bullion trading centres and physical markets will remain shut on Tuesday, 20 October, for Dussehra. Consumers needing physical deliveries must schedule their store visits for Wednesday or later.\n• Diwali Price Trajectory: Retail buying is projected to expand ahead of Dhanteras and Diwali, keeping domestic rates mildly elevated. Analysts expect prices to consolidate after the festivals, offering strategic purchase timing for long-term buyers.\n• For Silver Consumers: Silver prices held steady at Rs 2.15 lakh per kilogram, providing temporary cost stability for gift seekers and industrial users. Buyers targeting silver utensils or coins will encounter steady pricing across retail counters.\n\nWhy this happened\nA convergence of seasonal jewellery purchases and supportive global macroeconomic indicators fueled the latest rise in precious metals.\n\n• Reviving Physical Inflows: Domestic demand accelerated ahead of Dussehra and Diwali, driving physical gold to a premium for the first time in over three months. Previous price dips created an attractive window that drew consumers back into retail stores.\n• Easing Inflation Pressures: Softer crude oil prices globally and sliding yields on US government debt eased broad inflation worries. These easing macroeconomic pressures provided structural support to precious metal benchmarks.\n• Global Price Firmness: Overseas bullion remained resilient, with international spot gold hovering near $4,175.57 per ounce and silver advancing past $57.63 per ounce. The strength in foreign markets transmitted directly into domestic trading floors.\n• Monetary Policy Dampener: Expectations around potential Federal Reserve interest rate hikes continue to linger in the background. This looming monetary tightening is expected to cap runaway upside, keeping price gains moderate through the holiday stretch.\n\nQuestions & Answers\n\n1. What was the closing price of gold in Delhi on Monday?\nGold of 99.9 percent purity rose by Rs 400 to reach Rs 1,50,300 per 10 grams in the national capital.\n\n2. How did silver perform during Monday's trading session?\nSilver prices remained completely unchanged for the second straight session, holding firm at Rs 2.15 lakh per kilogram.\n\n3. Why will bullion markets remain closed on Tuesday, 20 October?\nBullion trading counters across the country will stay closed on Tuesday, 20 October, to observe the festival of Dussehra.\n\n4. What were the prevailing international prices for gold and silver?\nSpot gold traded around $4,175.57 per ounce in global markets, while overseas silver gained over 1 percent to reach $57.63 per ounce.\n\n5. What is the market outlook for gold prices leading up to Diwali?\nAnalysts project a modest bounce in domestic prices fueled by festival demand, followed by eventual price stabilisation.",
  "url": "https://trendkia.com/en/business/dussehra-se-pahale-sone-men-ai-chamaka-1-50-lakha-ke-para-nikala-bhava-aura-chandi-rahi-sthira-49572",
  "category": "Business",
  "publishedAt": "2026-10-20",
  "tags": [
    "Gold Price",
    "Silver Rate",
    "Bullion Market",
    "Festive Demand",
    "Dussehra",
    "Diwali Shopping",
    "Commodities"
  ],
  "language": "en",
  "site": "TrendKia"
}