Gold From Diwali to Diwali: 21 Years of Data and 3 Scenarios for 2027 🪔

If you bought gold last Diwali, your MCX price is up about 9%. It closed at ₹1,30,588 per 10 grams on 20 October 2025. This morning it traded at ₹1,42,351. Now look at the same gold in dollars. It

If you bought gold last Diwali, your MCX price is up about 9%. It closed at ₹1,30,588 per 10 grams on 20 October 2025. This morning it traded at ₹1,42,351. Now look at the same gold in dollars. It was $4,359 an ounce on COMEX that day. Today it is about $4,000, a fall of roughly 8%. Same metal, same year: one buyer is up 9% and another is down 8%. Gold didn't cause the difference. The rupee and the customs duty did. With Dhanteras on 6 November, that matters more than any price target. Bookmark