Tue Oct 14 04:00:00 UTC 2025: Okay, here’s a news article summarizing the provided text, focusing on the key points:

**Gold and Silver Prices Skyrocket Ahead of Dhanteras and Diwali in India**

**New Delhi:** Gold and silver prices in India have surged dramatically in the lead-up to the auspicious Dhanteras and Diwali festivals. Silver is experiencing a particularly steep climb.

As of recent trading, 24-carat gold reached ₹127,879 per 10 grams (including GST), while silver soared to ₹180,584 per kilogram (including GST). On Monday alone, silver prices jumped by a staggering ₹10,825 per kilogram, while gold increased by ₹2,630 per 10 grams.

October has seen significant gains for both precious metals, with gold increasing by ₹8,806 per 10 grams and silver skyrocketing by ₹32,891 per kilogram.

These prices are according to the India Bullion and Jewellers Association (IBJA).

**What’s Driving the Price Hike?**

Several factors are contributing to the rise in prices:

* **Global Instability:** Uncertainty in global financial markets due to the potential U.S. government shutdown and political turmoil in France.
* **U.S. Federal Reserve Policies:** The Federal Reserve’s inclination towards lowering interest rates coupled with the weakened dollar has encouraged investors to seek refuge in gold.
* **Central Bank Gold Purchases:** Central banks worldwide have been aggressively increasing their gold reserves, further fueling demand and price appreciation. Global gold reserves have doubled in the last decade.
* **Rupee Depreciation:** The Indian rupee has weakened by 3.8% this year, making gold imports more expensive in rupee terms.
* **RBI Gold Reserves:** The Reserve Bank of India is increasing its gold reserves from 8.1% (2023) to 14% (September 2025).

**Impact on Consumers:**

The soaring prices will likely impact consumers planning to purchase gold and silver for Dhanteras and Diwali, traditionally a time for buying precious metals. Analysts advise consumers to carefully consider their budgets and explore options before making purchasing decisions.

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