Gold Rates in India Rise for Third Consecutive Day Amid Festive Season Demand
PakkaHyderabadi 
Gold rates in India climb for the third consecutive time as festive season demand picks up, while global gold prices stabilize.
Gold prices in India rose for the third consecutive time this week, driven by increased demand during the festive season across major cities. Typically, the 24K gold rate strengthens in September and October as buyers prepare for key festivals like Dussehra and Diwali, which traditionally boost gold purchases.
On the global front, the spot gold price remained steady just below $3,400 per ounce as investors awaited important U.S. economic data that could impact the Federal Reserve’s interest rate decisions in its September policy meeting. Meanwhile, spot silver prices also held firm in the international markets, reflecting cautious investor sentiment ahead of economic updates.
This combination of strengthening domestic demand and stable global prices continues to support higher gold rates in India during this peak buying period.
