Gold prices have risen sharply this Diwali compared to previous years, influenced by factors such as the US Federal interest rate policy, a stronger dollar index, and ongoing geopolitical tensions. Prameet Raikar, president of the Goa Gold Dealers Association, noted that the surge has altered consumer buying habits. “Earlier, when gold prices were more affordable, people purchased in larger quantities. Now, with the steep rise, demand has largely shifted towards 22 and 20 karat gold,” Raikar said.
Gold prices surge this Diwali as buyers opt for 22 and 20 karat ornaments
