24‑Carat Gold Hits Rs 1,42,500, Up Rs 500 Ahead of Diwali

The Indian market saw the price of 24‑carat gold climb by Rs 500, taking the benchmark rate to Rs 1,42,500 per 10 grams. This upward movement comes as retailers and consumers gear up for Diwali, traditionally a peak period for gold purchases. Analysts attribute the rise to heightened demand for jewelry and investment gold ahead of the festival, coupled with steady international gold prices. The increase follows a recent stabilization phase after earlier volatility caused by currency fluctuations. Traders expect the price to remain sensitive to both domestic buying trends and global market cues as the festive season progresses.