📷 Image: Wikimedia Commons / Sardar Ummer Arif
Business
Gold Prices Slip Again Ahead of Diwali, 22K and 24K Rates Decline
✍️ Asianet Newsable
🗓 28 Oct 2026, 04:33 PM
👁 17
Gold prices in India fell again as the Diwali festival approaches, with both 22‑carat and 24‑carat rates moving lower across markets.
Gold prices in the Indian market registered another dip as the Diwali season draws near, according to traders monitoring the bullion market. The decline was observed across major exchanges, affecting both 22‑carat and 24‑carat gold.
Analysts attribute the fall to short‑term profit‑booking ahead of the festive buying surge, while still expecting overall demand to rise during the holiday period.
Consumers are advised to check the latest local rates, as prices can vary between cities and retail outlets, before making purchases for Diwali gifts and puja rituals.
The downward movement adds to a series of fluctuations seen in recent weeks, reflecting the sensitivity of the gold market to both domestic buying patterns and global price cues.
Analysts attribute the fall to short‑term profit‑booking ahead of the festive buying surge, while still expecting overall demand to rise during the holiday period.
Consumers are advised to check the latest local rates, as prices can vary between cities and retail outlets, before making purchases for Diwali gifts and puja rituals.
The downward movement adds to a series of fluctuations seen in recent weeks, reflecting the sensitivity of the gold market to both domestic buying patterns and global price cues.