Dhaneteras Silver & Gold Rate Today: White Metals Slipped Ahead of Dhanteras

As we mark the auspicious Dhanteras on October 18, 2025, the focus keyword “Gold” captures investor attention. Domestic 24-karat gold is priced at ₹13,086 per gram (₹1,30,860 per 10 g) as of today. Meanwhile, silver, traditionally a secondary festive acquisition, has faced a sharp correction, now trading at ₹1,72,000 per kilogram. This dynamic reflects a divergence: gold remaining robust, silver easing, ahead of the festive shopping rush.

Gold’s Resilient Run

Domestic Price Trends and Drivers

Gold is showing strength: 24 K at ₹13,086/g, 22 K at ₹11,995/g, and 18 K at ₹9,814/g today. Globally, gold is supported by inflation fears, a weakening dollar, and rate pause expectations. According to Outlook Money, gold’s recent rally stems from similar macro drivers. This shows that gold is acting as a hedge in uncertain times.

Investor Takeaway

For investors, gold’s elevated levels suggest caution. Retail jewellery demand may stay strong given Dhanteras tradition, but as outlined by analysts, investment-wise it may be better to enter via systematic accumulation or sovereign gold bonds rather than lump-sum buys at peak. Looking ahead, we should watch for pullbacks that could offer more favourable entry points.

Silver’s Sharp Correction

Price Drop and Underlying Causes

Silver, on the other hand, has slipped: today at ₹1,72,000/kg, down from about ₹1,85,000/kg a few days ago. Though spot physical prices soared above ₹2 lakh/kg in select cities on October 17. The drop is attributed to profit-booking and improving supply, which eased premiums that had surged amid tight physical stocks.

Investor Takeaway

For investors, silver’s correction may open a tactical opportunity, especially if industrial demand remains strong. But volatility is higher here compared to gold. As analysts put it, silver may offer higher upside but with greater risk. Thus, investors should tread carefully or use smaller exposures.

Festival Impact & Market Sentiment

Demand, Smuggling, & Sentiment Signals

The festival-driven demand normally boosts precious metals purchases, and Dhanteras is pivotal. However, with gold at record highs and silver easing, one sees contrasting demand patterns. According to a report by Reuters, There’s also a surge in gold smuggling ahead of festivals, driven by high prices and import duty arbitrage.

PM Modi posted on X: “Heartfelt Dhanteras greetings… May Lord Dhanvantari bestow his abundant blessings upon all.” (X post) 

This social signal reflects strong cultural demand but does not guarantee further price rises.

Investor Takeaway

Festive buying will push demand, yet elevated price levels already reflect much of that. For investors, the sentiment is positive, but the margin of safety is thinner. Monitoring supply flows, premiums, international cues, and dollar/interest rate moves becomes critical going forward.

Conclusion

In summary, during Dhanteras 2025, gold remains elevated and robust in India, while silver has slipped from its recent peaks. For investors, gold holds its role as a store of value, though the risk premium is high. Silver presents a corrective opportunity—but with added volatility. As the festive season proceeds, we advise considering entry points carefully, favouring systematic routes and tax-efficient instruments over impulsive purchases at peak. Monitor global cues, domestic premiums and supply dynamics closely.

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Disclaimer:

This is for information only, not financial advice. Always do your research.