As the auspicious festivals of Diwali and Dhanteras are round the corner, the gold prices are set to head north. The analysts predict that the gold prices could touch the mark of Rs 15,000 per 10 gram in the coming 15 to 20 days.

On Friday, the prices of gold reached an all-time high of Rs 14,200 per 10 gram in the Delhi bullion. According to the analysts this trend would continue in the coming days.

Speaking on this, Jayant Manglik (Business Head - Religare Commodities) said, "We see domestic gold prices cross Rs 15,000 per 10 gram before Diwali after gauging the current financial situation both in global and domestic market.”

Many feel that the depreciation of the Indian rupee against the US dollar has led gold reach an all-time high.

Kotak Commodities Associate Vice President Si Kannan said, "The combination of factors have contributed to the rise in gold prices. However, the financial crisis is keeping gold as a safest haven for investment as compared to equity, bonds and other assets.”