Dhanteras To Dhanteras IBJA Gold Rates: 175% Returns In 5 Yrs, How Rs 100,000 Turns To Rs 275,190? BUY Still?

The Dhanteras is just around the corner this week, and gold demand is already expected to soar. Gold and Dhanteras have a long-standing relationship, where Indian citizens see the first day of Diwali as the most auspicious moment to purchase precious metals for prosperity, safety and long-term future wealth creation. However, this year, gold prices have crashed significantly by 23% and silver rates by over 56% from their all-time highs that were recorded in late January 2026. However, from Dhanteras to Dhanteras, gold prices have give a whopping 175% return in a five-year span.

IBJA Gold Rates Dhanteras To Dhanteras

At present, IBJA gold rates are at Rs 1,37,700 per 10 grams of 24 carat and at Rs 1,26,200 per 10 grams of 22-carat. Meanwhile, the 999 purity silver rate stood at Rs 1,80,080 per 1Kg.

Data from Eternz reveals that from 2022 to 2025, gold rates have climbed by a whopping 158.8% taking into consideration the IBJA gold rates. This translates to Rs 79,522 per 10 grams surge. Silver outperformed gold over this period with over 204.6% or Rs 1,13,675 gains in 1 Kg.

Here's how gold and silver prices have transformed over the past five Dhanteras:

Dhanteras 2022 (October 21): 24-carat gold price stood at Rs 50,062 per 10 grams, while 22-carat gold price stood at Rs 45,857 per 10 grams. The 999 purity silver rate stood at Rs 55,555 per 1kg.

Dhanteras 2023 (November 10): That time, the 10 grams gold rate stood at Rs 60,240 in 24-carat and 22-carat at Rs 55,180. Silver price was at Rs 70,416.

Dhanteras 2024 (October 29): The 10 grams gold price was at Rs 78,745 in 24-carat and at Rs 72,130 in 22-carat. That time, silver price was at Rs 97,873 per 1Kg.

Dhanteras 2025 (October 17): The 24-carat and 22-carat gold rates were at Rs 1,29,584 and Rs 1,18,699 per 10 grams. While silver was price stood at Rs 1,69,230 per 1Kg.

Dhanteras 2026 (November 6): Since this year's Dhanteras date is yet to come, the rates of November 2nd is used for calculation. On Monday, 24-carat and 22-carar gold price stood at Rs 1,37,770 and Rs 1,26,200 respectively, while the 999 purity silver is at Rs 1,80,080.

Between 2022 and 2023, Dhanteras, gold prices surged by 20.33% and silver jumped by nearly 27%. The gains extended between 2023 and 2024 Dhanteras, by 31% in gold and 39% in silver. Noteworthily, gold and silver recorded their strongest annual gains from Dhanteras 2024 to 2025, by 64.56% and 72.91%, respectively. However, the year 2026 has become the least return year for gold and silver this Dhanteras.

Dhanteras	IBJA rate date	24K Gold (₹/10g)	YoY Rise	22K Gold (₹/10g)	YoY Rise	Silver 999 (₹/kg)	YoY Rise
2022	21 Oct 2022	₹50,062	-	₹45,857	-	₹55,555	-
2023	10 Nov 2023	₹60,240	+20.33%	₹55,180	+20.33%	₹70,416	+26.75%
2024	29 Oct 2024	₹78,745	+30.72%	₹72,130	+30.72%	₹97,873	+38.99%
2025	17 Oct 2025	₹1,29,584	+64.56%	₹1,18,699	+64.56%	₹1,69,230	+72.91%
2026	2 Nov 2026	₹1,37,770	+6.32%	₹1,26,200	+6.32%	₹1,80,080	+6.41%

Nonetheless, from 2022 to November 2, 2026, gold prices have skyrocketed by 175.20% in five Dhanteras. Silver outperformed with over 224% gains. Both gold and silver had touched a record high of Rs 1,78,850 and Rs 4,10,000 on January 29, 2026, before correcting sharply due to higher energy costs, elevated crude oil prices and inflationary pressures, which brought back the aggressive rate hike cycle. In a rate hike scenario, non-yielding assets like gold lose shine.

However, if someone invested in gold and silver in 2022, their gains are impressive.

Dhanteras To Dhanteras: How Much You Earned On Rs 1 Lakh Investment?

If you had invested Rs 1 lakh in 2022 in either gold or silver, your corpus value could rise by Rs 1.75 lakh or 175% in yellow metal and by Rs 2.24 lakh or 224.15% in white metal. At Rs 1 lakh, you could have purchased 19.98 grams of 24-carat, 21.81 grams of 22-carat and 1.80 Kg of silver.

What ₹1 lakh invested in gold and silver in 2022 would be worth in 2025
Particulars	24K Gold	22K Gold	Silver 999
2022 price	₹50,062/10g	₹45,857/10g	₹55,555/kg
₹1 lakh bought	19.98 gm	21.81 gm	1.80 kg
2025 price	₹1,29,584/10g	₹1,18,699/10g	₹1,69,230/kg
Value in 2025	₹2,58,842	₹2,58,842	₹3,04,614
Absolute profit	₹1,58,842	₹1,58,842	₹2,04,614
Total return	158.84%	158.84%	204.61%
What if the investment was held until November 2, 2026?
Asset	2022 Investment	Value in Nov 2026	Total Return
24K Gold	₹1,00,000	₹2,75,204	175.20%
22K Gold	₹1,00,000	₹2,75,204	175.20%
Silver 999	₹1,00,000	₹3,24,146	224.15%

Why Buying Gold In Dhanteras Is Auspicious?

Since gold is considered a pure metal, we link it with our peace of mind and purity of soul. Then, there is the obvious association with wealth. After all, gold is expensive and investing in it is believed to attract more wealth and could be the start of our increasing prosperity. Finally, the festival of Diwali, starting with Dhanteras, is also a festival of lights. We believe that it lights up our lives and protects us from evil. By association, gold is imbued with the power of protection. It is also thought to be the harbinger of positivity in our lives, as per CaratLane blog.

According to World Gold Council report, seasonal gold demand is gaining traction as the market enters the key festive and wedding period. The recent decline in gold prices has provided some support to demand. Manufacturers are reporting healthy order flows as retailers replenish inventories to meet this seasonal demand, while industry feedback points to improving in-store footfall. Alongside increased marketing and promotional activity, jewellers have focused on fresh designs and lighter weight pieces, which offer greater wearability.

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