Mumbai: As the festive season of Dhanteras dawns, gold prices have seen a notable increase, reflecting the traditional surge in demand. According to data from the Multi Commodity Exchange of India (MCX), the price of gold futures set to mature on December 5, 2024, has risen by 0.3%, or ₹238, reaching ₹78,804 per 10 grams.
This rise in gold prices is a common trend during Dhanteras, a day considered auspicious for purchasing gold and other precious metals. The increase is attributed to heightened consumer demand as families across India invest in gold for both its cultural significance and as a hedge against inflation.
Market analysts predict that the upward trend in gold prices may continue through the festive season, driven by strong retail demand and global economic factors. Investors and consumers alike are advised to stay informed about market trends and make their purchases accordingly.
As gold continues to shine bright this Dhanteras, it remains a symbol of wealth and prosperity for millions celebrating the festival.
