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.
27 Articles
27 Articles
Gold, silver lose shine ahead of Dhanteras: Buy now, wait or invest in something else?
As Dhanteras nears, Indian consumers are closely monitoring the recent drop in gold and silver prices, scrutinizing how this volatility might influence future values. Financial experts advise buyers to assess their personal needs and investment objectives before making any purchases. With more price changes anticipated in the months ahead, a gradual buying approach is recommended to handle potential risks effectively, ensuring that purchases ref…
Gold and Silver Rates Fall Today: Gold and silver have become cheaper again. Following Monday's surge, the price of 1 kg of silver fell below ₹1.80 lakh as soon as futures trading began on MCX on Tuesday. The price of gold also plummeted.
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.
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