New York/New Delhi: As India and the United States prepare to celebrate the festival of lights — amid a thaw in their bilateral ties — there has been a surge in shopping during the festive season, especially for gems and jewellery, not to forget the rush to buy gold despite its rising prices.
The festive season is typically the peak period for gold demand in India, driven by cultural, religious, and emotional factors. Even at all-time high prices, consumers are motivated to acquire gold, although their purchasing habits are shifting. On Thursday, MCX Gold December futures traded 0.37 per cent lower at Rs 1,22,749 per 10 grams.
The US has kicked off Diwali celebrations with California Governor Gavin Newsom signing a bill into law that permits public schools and community colleges to close on Diwali.
Diwali at Times Square has been dedicated to promoting India’s rich culture, art, and traditions. This year too, the iconic landmark is set to come alive with the Indian community and Americans joining together in a dazzling display of Indian culture on October 12.
The South Street Seaport Museum has announced Diwali celebrations at the Seaport Museum on October 20, 2025, from 3–6 pm, and the Association of Indians in America (AIA), New York chapter's, iconic Deepavali Festival on Long Island on October 11 promises to be bigger and grander with dance, drama, and devotion. The Flushing Town Hall, New York, will celebrate its 11th annual Diwali Festival on October 18 with classical music and dance performances.
