Gold Prices Continue to Fall Ahead of Dhanteras, Diwali; Demand Likely to Increase
- MCX silver futures fell Rs 5,155, or nearly 3%, to Rs 1,78,624 per kilogram ahead of Dhanteras on November 6.
- Kaynat Chainwala attributed silver’s weakness to macroeconomic pressures and market deleveraging, while saying its long-term fundamentals remain intact.
- Chainwala recommended gradual buying for investors with long-term horizons but warned that silver could face further near-term declines.
16 Articles
16 Articles
Rates crash: Gold price slips 7%, silver tanks 20% in Oct: Is Dhanteras 2026 right time to buy? What should investors do
Gold and silver fell sharply in October, with MCX futures down about 7% and 20%, respectively, before rebounding on 2 November. Analysts say lower prices may suit planned festive purchases but warn the trend remains weak, recommending staggered buying and smaller silver allocations.
New Delhi. The bullion market has brought some relief to consumers and investors looking to buy gold and silver ahead of the auspicious festivals of Dhanteras and Diwali. Following a sharp decline in the previous trading session, precious metal prices remained under pressure on Monday (November 2, 2026).
New Delhi, November 3 (IANS). The fluctuation in gold and silver prices continues ahead of Dhanteras and Diwali. The slight recovery seen on Monday did not last long and on Tuesday, the precious metals came under pressure again in both domestic and international markets. Gold and silver prices fell by more than 1 percent on MCX. The US Federal Reserve's tough stance, the possibility of interest rates remaining high for a long time and the strong…
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