Why did 24-carat gold rise ₹500 ahead of Diwali?

Gold prices in Delhi recovered slightly on Monday, rising ₹500 to ₹1,42,500 per 10 grams due to pre-Diwali demand and weaker rupee. Silver remained steady at ₹1,86,000 per kg following October's sharp declines. International spot gold climbed back toward USD 3,900/ounce. Analysts anticipate near-term market consolidation as investors monitor crude prices, West Asian tension and US policy.