From NDTV
Center-Right Owned by Adani Group (AMG Media)Gold Is Down 30% From Its Peak: Is This Finally The Time To Buy?
What's behind this
Livemint highlights ten Indian cities where gold buying is a cultural hallmark this Dhanteras, naming Chennai’s T. Nagar, Mumbai’s Zaveri Bazaar and Jaipur’s Johari Bazaar among the jewellery hubs. The festival falls on November 6, 2026, according to a related Livemint guide. Meanwhile, NDTV reports spot gold slipped 0.6% to $4,063.47 an ounce in New York as of 4:17 p.m., reflecting broader market moves. The Pioneer notes that the Dhanteras shopping rush caused widespread traffic gridlock in Delhi, with arterial roads coming to a standstill.
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center · 1 outlet
Buying gold on Dhanteras is considered auspicious in many traditions. But the festive season comes at a time when gold prices have seen sharp corrections in recent months. Does that mean that gold has lost its glitter as an investment bet? Or are the current dips the right entry point?
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right · 2 outlets
For Indian households, buying gold or silver around Diwali and Dhanteras is often more than a financial decision. It is a tradition passed down through generations, a way to mark an auspicious occasion, and, for many families, a means of preserving wealth. But this year, the ritual comes with a…
— ABP Live
RSS excerpt
The recent correction has brought prices down from their record levels, but the broader annual trend remains positive.
