On the MCX, prices have exceeded Rs 1, 18,000 per 10 grams, leading investors to speculate about further growth potential during the festive period. (Image: Canva)

According to Economics Times, analysts predict continued growth, with gold potentially reaching Rs 1.22 lakh by Diwali. (Image: Canva)

Reportedly, the 2025 precious metals surge has been driven by various factors including festival demand, accommodative central bank policies, global political tensions and sustained ETF investments, leading to unprecedented price levels. (Image: Canva)

Silver prices have also increased significantly, trading above Rs 1.44 lakh per kg, with projections suggesting Rs 1.50 lakh by the festival period. (Image: Canva)

Renisha Chainani of Augmont Research anticipates a “bullish-to-consolidation phase” during Diwali, mentioning that while recent gains might encourage profit-taking, the overall positive trend continues. (Image: Canva)

On Diwali 2025 projections for precious metals, Renisha Chainani predicts that by October 21, gold could reach $3950-$4000 internationally (Rs 1,20,000-Rs 1,22,000 on MCX), while silver might achieve $49-$50 (Rs 1,48,000-Rs 1,50,000), particularly if global tensions increase. (Image: Canva)

She mentions that “key drivers of bullishness include dovish Fed policy, a weaker US dollar, continued ETF inflows, and robust Indian festive demand. (Image: Canva)

Manoj Kumar Jain from Prithvifinmart Commodity Research notes that September’s performance, with gold increasing over 10% and silver 15% internationally, indicates a “super bull run” for both metals. (Image: Canva)

As quoted by Economics Times, his predictions include gold reaching Rs 1,22,000 by Diwali and Rs 1,25,000 by year-end, with silver potentially hitting Rs 1,50,000 and Rs 1,58,000-Rs 1,60,000 respectively. (Image: Canva)

Jigar Trivedi of Reliance Securities said, “By Diwali 2025, gold may trade around Rs 1,19,000-Rs1,20,000/10g, driven by global uncertainties, central bank buying, high inflation, Fed stance and a weaker rupee. Safe-haven demand is strong as geopolitical tensions and economic slowdown fears persist.” (Image: Canva)

He stated that silver might reach Rs 1,48,000-Rs 1,50,000/kg, supported by industrial applications, particularly in solar energy and EVs, alongside investment interest. (Image: Canva)

Trivedi added, “Supply constraints and a falling rupee further fuel price momentum. With interest rates expected to fall globally, precious metals may gain. However, high volatility and profit-booking can cause short dips. Overall, both metals show a bullish outlook for Diwali 2025 in rupee terms, supported by macroeconomic trends, weak INR, and robust investor interest in hard assets.” (Image: Canva)