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BUSINESS 26th Oct 2025

Gold Prices Soar During Diwali, Demand Shifts to 22 & 20 Karat

Prices of gold have surged by nearly this Diwali compared to previous years, driven by factors such as the US federal interest rate policy,

Prices of gold have surged by nearly this Diwali compared to previous years, driven by factors such as the US federal interest rate policy, the dollar index, and ongoing geopolitical tensions. According to Prameet Raikar, president of Goa Gold Dealers Association, the rising prices have impacted consumer purchasing trends. “Earlier, due to affordable gold prices, people used to buy larger quantities. Now, with the steep increase, demand is mainly focused on 22 and 20 Karat gold,” Raikar said.

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