From 7 to 12 November 2018 in India, the Diwali festival was held, which coincides with the celebration of the New Year in this country. The period of celebration of Diwali is considered the best time to sell gold in the form of jewelry and coins.

Hindus buy gold coins and jewelry as gifts for their relatives and friends. The increased demand for gold in India during the Diwali festival is usually a supporting factor for the world price of gold.