4 publishers · first seen Thu, 05 Nov 2026 09:42 UTC · updated Thu, 05 Nov 2026 11:01 UTC
Ahead of Diwali, gold and silver prices have surged, causing concern among buyers. Silver prices increased by Rs 14,400 per kg, and gold by Rs 7,770 per 10 grams in just two days. The rise in prices is attributed to the weakening of the dollar following the Democrats' victory in the US midterm elections. Meanwhile, several jewellery retailers are offering discounts and promotions on gold, diamonds, and other jewellery ahead of Dhanteras and Diwali. These offers include up to 30% off on value addition charges and making charges, and up to 50% discount on making charges for various types of jewellery.
Dhanteras, also known as Dhantrayodashi, is a Hindu festival celebrated on the 13th lunar day of the dark fortnight in the month of Kartik. It is observed to welcome health, wealth, and prosperity into the household. The festival is associated with the worship of Lord Dhanvantari, the god of medicine, healing, and Ayurveda, and Goddess Lakshmi, the deity of wealth, fortune, and prosperity. Buying gold on Dhanteras is a significant tradition, symbolizing purity, prosperity, and long-term stability.
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