New Delhi: India's gold market is experiencing unprecedented activity as the nation approaches its most auspicious festivals Dhanteras and Diwali. This surge in demand has driven gold premiums to their highest levels in over a decade.

Spot gold prices have surpassed $4,300 per ounce, marking a significant increase from previous levels. In India, domestic gold prices have reached a record high of 131,699 rupees per 10 grams. Consequently, dealers are quoting premiums of up to $25 per ounce over official domestic prices, inclusive of import and sales levies, compared to $15 the previous week. This sharp rise in premiums reflects heightened demand and supply constraints in the market.

The festive season has traditionally been a period of increased gold consumption in India, with many cons

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