Dhanteras gold buying kicks off, record prices may dampen volumes by 15pc
Mumbai/New Delhi (PTI): Gold and silver buying on the auspicious occasion of Dhanteras kicked off on Saturday with jewellers expecting higher footfalls, though record high prices of the yellow metal could dampen demand by 15 per cent in volume terms compared with a year earlier.
Dhanteras, the most auspicious day in the Hindu calendar for buying items ranging from precious metals to utensils, is being celebrated over two days until 1.45 pm on Sunday, with jewellers expecting more footfalls in both online and offline stores.
Gold prices have surged 65 per cent to Rs 1,34,800 per 10 grams of 24 karat, inclusive of all taxes, in the national capital, compared with Rs 81,400 on Dhanteras last year, which was celebrated on October 29, 2024.
Silver prices are currently at Rs 1,77,000 per kilogram.
"We are expecting the momentum to pick up after the muhurat time. Since the festival falls on a weekend we have geared up for a robust Dhanteras," All India Gem And Jewellery Domestic Council (GJC) Chairman Rajesh Rokde told PTI.
GJC expects gold sales to increase by 40-45 per cent in value terms on a year-on-year basis, he said.
Suvankar Sen, Managing Director and chief executive of Senco Gold and Diamonds, said high prices will affect sale volumes by 12-15 per cent, but in value terms there will be growth of 20-25 per cent on Dhanteras.
While some consumers are still buying gold jewellery even at high rates, many are shifting towards silver buying, especially bullion.
Saiyam Mehra, former chairman of GJC, said volume-wise, gold jewellery sales are expected to witness a decline of 10 per cent on Dhanteras.
He said silver prices surged due to scarcity of the white metal since last month because of a ban on imports of jewellery, though silver prices have now started seeing a correction.
Sachin Jain, regional CEO for India at the World Gold Council, said Dhanteras and Diwali are the top gold-buying occasions in India.
"Despite gold prices reaching multiple historic highs through 2025, witnessing an approximate 51.2 per cent year-to-date increase in rupee prices by end-September, consumer sentiment and demand for the yellow metal have been positive," he said.
Retailers, who had been cautious about their inventories in recent months, are now well-stocked and optimistic, with seasonal and wedding-related demand further fuelling purchases, suggesting a vibrant festive season for gold sales.
Consumer buying is expected to be strong across various gold purchases, from higher caratage gold jewellery to investment products like digital gold, coins and ETFs.
"This positive outlook is strongly supported by India registering positive gold ETF flows of USD 902 million in September, along with overall gold imports reaching a nine-month high in August 2025," Jain said, adding that gold demand is expected to continue through the Diwali period and until the end of the year due to the wedding season.
Kam Jewelry Managing Director Colin Shah said while demand dynamics are likely to remain consistent, consumer preferences are rapidly shifting toward lightweight jewellery.
"The festive season is expected to see a significant surge in demand for jewellery in the 9 to 18 carat segment. ... we foresee a festive surge of 18-20 per cent in overall sales," Shah said.
India is the world's second-largest gold consumer and one of the largest importers globally, after China.
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K’taka HC asks Centre to examine broadcasts, digital content on media trial against actor Darshan
Bengaluru (PTI): The High Court of Karnataka has directed the Ministry of Information and Broadcasting and the Ministry of Electronics and Information Technology to examine broadcasts and digital content related to Kannada actor Darshan in connection with the Renukaswamy murder case.
It has also asked them to take necessary action if any violations of the rules are found.
Darshan and his friend, actress Pavithra Gowda, are among the 17 accused in the Renukaswamy murder case. He is currently lodged in jail under judicial custody.
“Respondent Nos. 1 and 2 (Ministries) are directed to forthwith examine the impugned broadcasts and digital content relating to the petitioner and the subject crime. Upon being satisfied that the same are violative of Rule 6 of the Programme Code framed under the Cable Television Networks (Regulation) Act, 1995, they shall take immediate action in accordance with Sections 19 and 20 of the Act,” Justice Sachin Shankar Magadum said in his order dated April 30, while partly allowing the petition.
“This may include regulating, suspending, prohibiting, or directing discontinuance of such telecast, broadcast, streaming, or dissemination, pending inquiry and final consideration of the complaint,” he added.
Darshan, in his petition, had claimed that he is aggrieved by a sustained and targeted media campaign in connection with the murder case.
He said that despite the trial being at a nascent stage, various television channels and digital platforms have indulged in media-driven adjudication, disseminating speculative narratives, selectively leaked materials, and unverified allegations, thereby shaping public perception and impairing the petitioner’s right to a fair trial.
Despite judicial interdictions, the petitioner alleged that the media continues to telecast content in violation of statutory provisions and binding court orders.
The court said the material placed on record, particularly the clippings produced, unfortunately, depicts a disturbing trend wherein the broadcast media has gone to the extent of recreating courtroom proceedings, with only the face of the presiding judge masked, while the faces of the accused and counsel are openly displayed.
Such programmes are telecast on every date of hearing, thereby converting pending judicial proceedings into a form of public spectacle, it said.
The judge said, “This Court cannot but observe that such conduct amounts to a calculated media-driven adjudication, fostering a parallel narrative and engendering prejudicial pre-trial publicity. The continued telecast of such content, in the teeth of subsisting injunction orders, reflects a blatant disregard for judicial authority and contributes to the creation of a ‘carnival atmosphere of justice.’”
By virtually staging courtroom scenes and projecting selective narratives, the media not only risks subverting due process but also erodes adjudicatory neutrality, impairing the petitioner’s right to a fair trial, he said.
The court further said that the material on record discloses violations of the Programme Code under the Cable Television Networks (Regulation) Act, the Contempt of Courts Act, and the Information Technology Act and Rules.
“The material on record discloses prima facie violations of statutory provisions and judicial orders. The ongoing media narrative poses a serious threat to the petitioner’s right to a fair trial under Article 21,” it said.
“Freedom of speech is a cherished constitutional value; however, when it degenerates into media-driven adjudication, it ceases to be a safeguard of democracy and becomes a threat to it,” the judge said.
“The press is a watchdog, but when it assumes the role of judge, jury, and executioner, the rule of law stands imperilled. Courts cannot permit the course of justice to be overshadowed by the glare of studio lights,” he added.
The court has also asked the ministries to examine the necessity of prohibition of broadcast, suspension or revocation of permissions or licences, imposition of penalties, and initiation of such further statutory proceedings as are permissible in law; to conduct an inquiry into the alleged violations of the Programme Code and pass appropriate orders.
It has directed them to file a compliance report before the court within twelve weeks.
The judge also stated that liberty is reserved to the petitioner to initiate appropriate proceedings under the Contempt of Courts Act, 1971, if so advised.
