Buying Gold Before Diwali? Here Is Something You Shoukd Know-
As we all know that Diwali is just around the corner coming up in october this year, gold prices are surprisingly steady right now. This is the only calm which comes as some good news on the global geopolitical front, and especially with easing tensions around the Russia-Ukraine war situation.
As and investor of gold, Investors seem cautiously hopeful, which is keeping gold from jumping too much despite the usual festive demand in India. On a side note, the gold price are determined by various factors and not just festival demands.
Gold futures have very slightly moved recently, and a stable rupee along with easing inflation is helping keep prices in affordable and in pocket. That’s great for anyone looking to buy gold without facing those heavy price hikes we often see during this season.
But remember, as Diwali is getting closer, the demand for gold and silver will pick up and prices could start rising quickly. So, if you’re planning to buy gold or silver for the festival, it might be smart and helpful to keep an eye on prices now and consider buying sooner rather than later to avoid paying more later on.
Gold Price And Silver Rates Amid Easing Geopolitical Tension
Gold and silver Rates on MCX – August 19, 2025
As of August 19, 2025, gold prices on the Multi Commodity Exchange (MCX) are showing mild to little fluctuations. The current rate for October contracts is between ₹99,440.00 and ₹1,00,032 per 10 grams, slightly below the previous close of the day yesterday at ₹99,401.
Today’s Gold trading session opened at ₹99,960, this indicated a cautious start amid global uncertainty and investor caution. The day’s trading range so far has been between ₹98,250 and ₹98,620. This dip shows consolidation after recent gains, as traders wait for global economic cues, which includes the US Fed’s Jackson Hole symposium. According to data Investors continue to watch inflation, interest rates, and geopolitical developments.
As of August 19, 2025, MCX silver futures are trading lower. Silver Futures (Sep 5) is at ₹1,13,600, down ₹153. SilverM and SilverMIC (Aug 29) are at ₹1,13,382 and ₹1,13,378 respectively. Spot silver prices vary, ranging from ₹1,13,900 to ₹1,17,100 per kg across sources.
Gold Price Today In India
DELHI
| City | 24K Gold Price | 22K Gold Price |
|---|---|---|
| Delhi | ₹10,090 | ₹9,375 |
| Noida | ₹10,090 | ₹9,375 |
| Lucknow | ₹10,136.30 | ₹9,293.30 |
| Chennai | ₹10,075 | ₹9,275 |
| Mumbai | ₹10,117 | ₹9,274 |
| Kolkata | ₹10,118 | ₹9,275 |
| Bangalore | ₹10,135.20 | ₹9,292.20 |
| Hyderabad | ₹10,075 | ₹9,235 |
| Kerala | ₹10,117 | ₹9,274 |
| Pune | ₹10,118 | ₹9,275 |
| Vadodara | ₹10,122 | ₹9,279 |
| Ahmedabad | ₹10,122 | ₹9,279 |
| Gurgaon | ₹10,133 | ₹9,290 |
| Faridabad | ₹9,844 | ₹9,375 |
- (Taken From Good Returns Ar 10AM)
- Silver Price Today In India
| City | Silver Price (₹/kg) |
|---|---|
| Delhi | ₹1,17,100 |
| Noida | ₹1,13,930 |
| Lucknow | ₹1,13,930 |
| Chennai | ₹1,27,100 |
| Mumbai | ₹1,17,100 |
| Kolkata | ₹1,17,100 |
| Bangalore | ₹1,17,100 |
- 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.)
- Also Read: Sin Goods Stocks Slide As Government Plans 40% GST ‘Sin Tax’ Under New Reform; Tobacco And Gaming Sectors Under Pressure
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