Buying Gold Before Diwali? Here’s How I’m Planning It
With Diwali around the corner, I’ve started planning to buy some gold, like I do every year. It’s part tradition, part investment. But this year, I’ve noticed something: prices are rising faster than usual.
It’s not just the festive demand. There’s inflation, global uncertainty, and the rupee hasn’t been doing great either, all of which are pushing gold and silver prices up. And if I wait too long, I know I’ll end up paying more, especially once the Diwali rush begins and demand spikes.
That’s why I’ve decided to be a little smarter this time. I’m keeping an eye on prices daily, tracking the MCX rates, and watching how the rupee is moving. My plan is to buy before the real rush kicks in.
If you’re planning to buy too, maybe start early. Waiting until the last minute during Diwali season? That almost always costs more.
Gold Price And Silver Rates Amid Trade Deal Uncertainty
Gold and silver Rates on MCX – August 12, 2025
On August 14th, MCX gold prices opened slightly higher at ₹1,00,297 per 10 grams, up from the previous close of ₹1,00,185. By 9:40 am, the gold index stood at ₹1,00,263, before dipping marginally to ₹1,00,150 around 9:10 am, reflecting minor early session fluctuations.
Silver prices on MCX are around ₹1,15,026 per kg, with Mini and Micro contracts trading at ₹1,14,610 and ₹72,573 respectively. Prices have risen in 2025 due to safe-haven demand and green tech use. Analysts expect silver to grow further, potentially reaching ₹1,30,000 per kg soon.
Gold Price Today In India
- Gold Price in Delhi
• 24K Gold: ₹10,149, ₹10,156.30
• 22K Gold: ₹9,304, ₹9,311.30 - Gold Price in Mumbai
• 24K Gold: ₹10,228
• 22K Gold: ₹9,375 - Gold Price in Chennai
• 24K Gold: ₹10,228
• 22K Gold: ₹9,375 - Gold Price in Lucknow
• 24K Gold: ₹10,322.30
• 22K Gold: ₹9,375
| City | 24K Gold (₹/Gram) | 22K Gold (₹/Gram) |
|---|---|---|
| Delhi | ₹10,149, ₹10,156.30 | ₹9,304, ₹9,311.30 |
| Noida | ₹10,155 | ₹9,310 |
| Lucknow | ₹10,322.30 | ₹9,463.30 |
| Chennai | ₹10,228 | ₹9,375 |
| Mumbai | ₹10,228 | ₹9,375 |
| Kolkata | ₹10,228 | ₹9,375 |
| Bangalore | ₹10,228 | ₹9,375 |
| Hyderabad | ₹10,228 | ₹9,375 |
| Kerala | ₹10,228 | ₹9,375 |
| Pune | ₹10,170 | ₹9,375 |
| Vadodara | ₹10,233 | ₹9,380 |
| Ahmedabad | ₹10,233 | ₹9,380 |
| Haryana | ₹9,944, ₹10,150 | ₹9,470, ₹9,305 |
Silver Price Today In India
| City | Silver Price per Kg (₹) |
|---|---|
| Delhi | 1,14,900 |
| Noida | 1,14,900 |
| Lucknow | 1,14,900 |
| Chennai | 1,24,900 |
| Mumbai | 1,14,900 |
| Kolkata | 1,14,900 |
| Bangalore | 1,14,900 |
| Hyderabad | 1,24,900 |
| Kerala | 1,24,900 |
How to Verify Gold Purity: A Simple Guide
Before you buy gold this Diwali, save yourself from getting into the trap of fake gold, or highly mixed gold by checking the purity of it. What happens is while the festival demands a lot of stock for gold, sellers start duping customers for money by selling them mixed or fake gold.
- Look for the BIS Hallmark on the gold item, which includes the BIS logo, purity karat (like 22K or 18K), year of marking, and jeweler’s ID.
- Check the karat marking engraved on the gold: 24K (99.9% pure), 22K (91.6% pure), 18K (75% pure), or 14K (58.5% pure).
- Always ask for a purity certificate from the seller, especially when buying coins or bars.
- Use a gold testing machine (karat meter or XRF machine) at trusted jewelers or authorized BIS centers for instant purity checks.
- Acid test can be done by experts but isn’t recommended for regular buyers.
- Buy gold from BIS-certified retailers to ensure genuine purity and quality.
(Disclaimer: This article is for informational purposes only and should not be construed as an investment advice. Prior to making an investment, conduct thorough research and consult with your financial advisor.)
