Gold Price: Gold prices have skyrocketed, so smart planning can help you beat the gold rate..

Gold prices have reached record highs in 2025. Gold is now setting new records every day, as its price has surpassed ₹1 lakh. Yes, 24-carat gold has now surpassed ₹1 lakh for 10 grams. This burden increases further during the festive and wedding season. In our country, buying gold during weddings and festivals like Diwali and Dhanteras is considered auspicious. However, rapidly rising prices can disrupt your budget, but with smart planning, you can reduce expenses. So, let's learn how to plan weddings and festivals during high gold rates.

Why are gold prices high?
Gold prices in 2025 have risen due to global factors. US tariffs, geopolitical risks (Russia-Ukraine, Israel-Iran), and inflation have driven investors toward gold. Import duties in India at 15% and GST at 3% have pushed prices higher. The RBI has increased gold reserves to 880 tonnes, representing 12.5% ​​of foreign exchange reserves. Additionally, increased demand during festivals and weddings has driven prices up 21%, with imports reaching 42-48 tonnes in July 2025.

Wedding Planning

Weddings are a major expense in India, costing an average of 20-30 lakh rupees, of which gold accounts for 5-10 lakh rupees. With high prices:

Buy less jewelry: Buy only essential pieces, exchange old jewelry, and exchange programs can save 10-15%.

Lightweight designs: Choose 18K gold or lab-grown diamonds, as they are 20-30% cheaper.

Set a budget: 20% of your total budget for gold, and destination weddings (Puri, Alibaug) are affordable.
Choose the time: Wait for prices to fall, or invest in paper gold (SGB).

Jewelry demand for weddings fell by 25% in 2025, but lightweighting offers savings.

Planning for festivals:
Buying gold on Diwali and Dhanteras is auspicious. But at a higher price.

Investment gold: Buy bars or coins; they're cheaper than jewelry and save on making charges.

Discounts: Festival sales offer 5-10% discounts, so negotiate with jewelers.

Digital gold: Buy from 1 gram on online apps, storage is free.
Budget: 10% of your total purchase on gold and small gifting items.

Festive demand may push prices up 5-10%, but planning offers savings.

Budget Management Tips
Total Budget: Set aside 20 lakhs for weddings and 5 lakhs for festivals.
Gold Component: Keep 20-30%, the rest flexible.
Options: Invest in silver or gold ETFs, 10-15% return.
Exchange: Sell old gold for new, saving 5-7% mark-up.
Time: Wait for prices to fall (Federal rate cut).

Some Precautions
Buy only hallmarked gold.
Making charges should not exceed 5-10%.
Always avoid fake dealers.
Don't over budget.

Conclusion
Weddings and festivals are possible with high gold rates with planning. In reality, save by buying less jewelry, lightweight jewelry, exchanging, and digital gold. Demand will increase in 2025, but buy smartly. (Note: This news is based on general information and should be taken as information only.)

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