Gold Prices Plunge 24%, yet India's Big Jewellers Are Holding Back Ahead of Diwali. Here's Why
- On Saturday, October 31, 2026, gold jewellery prices dropped below Rs 13,000 per gram at Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers, while Tanishq rates remained unchanged. India's 24K gold stands at Rs 13,888 per gram.
- Gold and silver futures remain volatile in India as investors await the US Federal Reserve's policy decision on Wednesday, according to Vikram Subburaj, CEO of Giottus. Uncertainty around inflation and interest-rate outlook continues to limit buying conviction.
- Compared to October 30, the price of 24K gold decreased by Rs 338 to Rs 13,888 per gram today. Similarly, 22K and 18K gold rates fell by Rs 310 and Rs 253 respectively.
- Meanwhile, US President Donald Trump stated the conflict with Iran is "going to get wrapped up soon," emphasizing the necessity of an ironclad nuclear guarantee. Regional security concerns persist following explosions involving four oil tankers in the Strait of Hormuz.
- Ahead of Dhanteras and Diwali, buyers are comparing jewellery rates before making purchases. The Sovereign Gold Bond premature exit date is set for November 2, 2026, creating a significant deadline for domestic gold investors.
16 Articles
16 Articles
Gold and silver rate today (October 31, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices from IBJA, Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and Tanishq
Gold rates today: Gold jewellery prices fell below Rs 13,000 per gram at several prominent jewellery brands on October 31, 2026. As buyers prepare for Dhanteras and Diwali, many are comparing current gold rates.
Gold, silver rates today Bangalore 31 Oct: Latest prices, up-down movement for precious metal investors in Garden City
Gold, silver prices today, 31 October: Check the latest prices and up-down movement for precious metal investors in Garden City. We also bring retail prices of 18K, 22K and 24K gold and 999 Fine silver across cities — Chennai, Delhi, Hyderabad, Kolkata, and Mumbai.
Gold Rate Today, October 28: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities
Today's 18, 22 and 24 Carat Gold Prices in Chennai, Bangalore, Hyderabad, Mumbai, Delhi: The gold price in India today stands at Rs 14,395 per gram for 24 carat gold, Rs 13,195 per gram for 22 carat gold and Rs 10,796 per gram for 18 carat gold, as per Good Returns.
Gold Rate Today, October 28, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities
Gold prices in India held steady today, October 28, with 24K gold trading at INR 1,43,300 per 10 grams and 22K gold at INR 1,31,360 per 10 grams. Driven by international market trends and currency valuations, rates vary across major cities like Delhi and Mumbai. Base prices exclude GST and making charges, so checking BIS hallmarking is advised. Gold Rate Today, October 28, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other C…
Gold prices plunge 24%, yet India's big jewellers are holding back ahead of Diwali. Here's why
Despite a 24% plunge in gold prices since the Iran war began, India's major jewellery chains are delaying purchases ahead of Diwali, expecting further declines, MMTC-PAMP says.
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