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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.
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.
| 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 |
| 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 |
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.
(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.)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
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