Buying gold on Dhanteras? What's the value of gold bought last year?

Deccan HeraldIndependentCenterNov 5

The article outlines the cultural and religious significance of Dhanteras, a Hindu festival marking the beginning of Diwali, which is dedicated to Goddess Lakshmi and Lord Dhanvantari. It describes regional variations in celebration, including rangoli decorations in the north, Yamadeepdaan in the south, and Chopda Pujan in the west. The piece notes that rising global gold prices and monetary policies have influenced consumer behavior, leading to increased spending despite a decline in total gold demand volume according to the World Gold Council. It emphasizes the tradition of purchasing gold and silver during this period as symbols of prosperity and heritage. Finally, the text advises readers to secure their newly acquired valuables using home lockers to prevent theft.

Bias read (Center): The content focuses on cultural traditions and general market trends without engaging in partisan politics or controversial policy debates.

India TodayIndependentCenterNov 4

The article examines the cost implications for consumers purchasing gold during the upcoming Dhanteras festival, noting that prices remain significantly higher than the previous year despite a recent market correction. Current 24-carat gold prices hover between Rs 1.38 lakh and Rs 1.41 lakh per 10 grams, representing a 5.5% to 7.6% increase compared to last Dhanteras. Although gold hit a record high of Rs 1.75 lakh in January 2026, prices have since dropped by nearly 20%, challenging the metal's reputation as a stable safe-haven asset. According to a World Gold Council report, institutional buying has rebounded strongly, with central banks increasing reserves by 42% year-on-year in Q3. Conversely, global retail demand for gold bars and coins declined by 19% as individual investors wait for price clarity.

Bias read (Center): The piece maintains a neutral financial tone, citing specific market data and balancing institutional buying trends against declining retail demand without using loaded language or taking a partisan stance.