Overview

• Gold hit fresh highs ahead of the festival, with 24‑carat rates touching about Rs 1,34,800 per 10g in India as international prices vaulted above $4,300 an ounce.
• Rates then pulled back, with domestic gold down roughly Rs 2,400 per 10g and silver lower by about Rs 7,000 per kg after the buying rush.
• Total Dhanteras spending was estimated at Rs 1 lakh crore, including roughly Rs 60,000 crore from gold and silver purchases, according to CAIT.
• High prices pushed buyers toward coins and bars, lightweight and lower‑karat jewellery, and digital gold and ETFs, while silver coin sales rose about 35–40% and some retailers reported supply tightness.
• GJC estimated 50–60 tonnes sold over the two Dhanteras days and projected 100–120 tonnes over the five‑day window, as analysts flagged consolidation at elevated levels supported by central‑bank buying and ETF inflows.