Since last Dhanteras, gold has delivered substantial gains for investors, with prices witnessing a record surge. In less than one year, the gold rate has surged by an impressive 66%, rising from Rs 78,493 per 10 gm on October 29, 2024 (previous Dhanteras), to Rs 1,29,580 on October 17, 2025, according to data from the Indian Bullion and Jewellers Association (IBJA).
While a sharp short-term rise in an asset class like gold can attract many investors, it is important not to overlook the fact that gold prices have gone through many corrections in the past 10 years. As shown in the gold price chart below, the yellow metal’s price declined three times during this period. Additionally, in two of those years, the annual price rise wasn’t even 8%. It shows that the gold price can be highly volatile, and the current returns don’t guarantee future performance.
If we look at the 2-year return, the yellow metal has delivered a compounded annual growth rate (CAGR) of 46.84%, rising from Rs 60,097 on November 10, 2023; over 3 years, it has registered a CAGR of 37.30%.
Gold price date source: IBJA
The gold price is influenced by several macroeconomic factors, and there is no guarantee that the past returns will be repeated in the future. So, if you are planning to buy gold this Dhanteras with the hope of high returns, it is important to evaluate your options carefully and invest with realistic expectations.
What factors have driven the rise in gold prices from the previous Dhanteras to this Dhanteras, and will the surge continue into 2026? Let’s find out what experts and leading brokerage reports have to say:
