The gold has given 55% return leaving behind major equity benchmarks like Nifty 50 which gave only 3.5% over the same period. Gold is considered as an auspicious buy during festivals like Dhanteras and Diwali. As of October 16 2025 gold was trading around Rs 126338 per 10 grams on the Multi Commodity Exchange (MCX) and Rs 126714 in the physical market (as per the Indian Bullion & Jewellers Association). What Is Leading Gold Rally? Central banks around the world are actively buying gold. Geopolitical tensions and macro uncertainties are pushing investors toward safe-havens. Expectations of further interest rate cuts by the US Federal Reserve are also another reason behind gold’s investment case. Looking back over the past five Dhanteras periods gold has generally delivered consistent double-digit gains with only a dip observed in 2020–21. Gold Returns In Last 5 Years If you bought gold during past Dhanteras festivals and held onto it your investment value has likely grown each year except for 2020-21 when prices fell.​ Investing in gold is seen as a way to protect your money against inflation and currency changes. In festive periods like Dhanteras demand for gold increases pushing prices—and returns—upwards. In 2020-21 gold saw a negative return of -5% meaning those who invested lost value that year.​ In 2021-22 gold recovered and delivered a positive return of 10% so investors saw modest gains.​ In 2022-23 the gold rally strengthened further with a 20% return for those who held gold from the last Dhanteras.​ In 2023-24 returns climbed higher reaching 30% making gold a much more lucrative investment compared to earlier years.​ In 2024-25 gold returns soared to 55% reflecting a major rally and making it an exceptionally profitable period for gold buyers.