In the previous trade, the precious metal had closed at Rs 50,138 per 10 gram. Silver also witnessed muted trend as it slipped marginally by Rs 4 to Rs 62,037 per kg
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The pandemic and the subsequent rise in gold prices have reinforced customers' trust in gold as an asset class
With accommodative global central bank policies and stimulus, analysts expect gold prices to do well going ahead
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The prices were ruling at around Rs 39,000 per 10 gram on this Dhanteras, as against Rs 32,690 per 10 gram on the same day in 2018.
Silver also witnessed buying as it rose Rs 670 to Rs 47,680 per kg from Rs 47,010 per kg in the previous trade
Market leader Maruti Suzuki India said the sales during the day were good, but did not share exact numbers
The auspicious occasion, also known as Dhanatrayodashi or Dhanvantari Trayodashi, is the first day that marks the festival of Diwali in India
From necklace to earrings, here are the top jewellery items you could consider buying this Dhanteras
The Sovereign Gold Bond (SGB) Scheme 2019-20 - Series VI will close for subscription on the day of Dhanteras that is October 25
Leading e-commerce websites are looking forward to Diwali
The Diwali week contributes nearly 15-20 per cent of India's overall gold demand of over 900 tonnes
Retailers witnessed a surge in demand for coins and ornaments with PC Jeweller and Gitanjali Gems expecting 85% business from this segment
The Dhanteras market is likely to transact a business of over Rs 600 crore this year
High gold prices and innovations on the part of jewellery firms are driving the change in the fashion trend
Market sentiment is looking up and the prices have more or less stabilised due to good monsoon this year, says GJF chairman
Exchange will conduct 'muhurat' trading session on account of Diwali Laxmi Pujan on October 30 from 06:30 pm to 07:30 pm