From The Federal
Center-Left Owned by New Generation Media Corporation Pvt. Ltd.Gold, silver prices crash ahead of Diwali: Why precious metals are falling
What's behind this
On 3 November 2026, gold and silver prices fell in Bangalore, reflecting weakness in the domestic bullion market. In the same period, India’s gold demand dropped 29% in the July‑September quarter, with total jewellery demand down 20% to 99.9 tonnes from 125 tonnes a year earlier, while the value of jewellery demand rose 16% to ₹1,48,700 crores. Indians are also holding onto gold in lockers, hoping for better prices, and overall gold demand is expected to fall.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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left · 3 outlets
Check today's live gold and silver rates in India across major cities including Mumbai, Delhi, Chennai and Bengaluru for 24K, 22K, and 18K gold purities.
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center · 4 outlets
CHENNAI : Gold prices in the city rose by Rs 360 per sovereign on Monday (November 2). The yellow metal is now priced at Rs 1,02,200 per sovereign and Rs 12,775 per gram, after an increase of Rs 45 per gram. Earlier, on October 31, the yellow metal was priced at Rs 1,01,840 per sovereign and Rs…
— DT Next
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right · 5 outlets
Gold, silver prices today, 2 November: 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.
— Livemint
RSS excerpt
Precious metal prices collapsed sharply on MCX just ahead of Dhanteras and Diwali. Is this a golden buying opportunity or a warning of more pain ahead?
