Gold Prices Dip Ahead of Diwali – A Golden Opportunity for Buyers
Keeping in mind that Diwali is approaching in October, we should mark this as an opportunity to buy some safe assets. Amid all this, gold has surprisingly taken a slight dip in prices. It is an unusual mark but a welcome trend during this typically high-demand season.
In Between ongoing global uncertainty, including geopolitical tensions and economic shifts, this brief decline is catching the attention of opportunistic buyers.
One thing for Everyone to note is, that usually, gold prices start rising few weeks before Diwali due to festive demand. But factors like a stable Indian rupee, easing inflation, and temporary calm in global markets have kept prices in place. This presents a rare opportunity for consumers to invest in gold at relatively lower rates.
However, this dip may be short-lived. With various key global events on the edge, The sentiments of inestors could quickly shift. As in records suggest, during times of uncertainty, gold becomes a safe haven asset, leading to sudden price spikes as global investors begin pumping money into it.
If you’re considering buying gold this festive season, now might be the smartest time to make your move.
Gold Price And Silver Rates Amid Easing Geopolitical Tension
Gold and silver Rates on MCX – August 20, 2025
As of August 20, 2025, around 10:05 AM India time, the MCX Gold Price stands at ₹98,596 per 10 grams.
This shows a very slight decrease of just ₹100, or 0.10%, compared to the previous close of ₹98,696. During the early trading session, the highest price of the day reached ₹98,742, and then lowest dipped to ₹98,516. This current price fluctuation reflects a decent down movement in the gold market. This also indicats a small correction after the previous close.
Investors and traders are closely watching these fluctuations to note down market and global investor sentiment and potential future trends in gold pricing on the MCX platform.
Gold Price Today In India
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Gold price today in Delhi:
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24K – ₹98,440
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22K – ₹93,750
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Gold price today in Noida:
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24K – ₹98,440
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22K – ₹93,750
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Gold price today in Lucknow:
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24K – ₹98,580
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22K – ₹90,365
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Gold price today in Chennai:
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24K – ₹98,840
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22K – ₹90,603
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Gold price today in Mumbai:
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24K – ₹98,550
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22K – ₹90,338
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| City | 24K Gold Price | 22K Gold Price |
|---|---|---|
| Delhi | ₹98,440 | ₹93,750 |
| Noida | ₹98,440 | ₹93,750 |
| Lucknow | ₹98,580 | ₹90,365 |
| Chennai | ₹98,840 | ₹90,603 |
| Mumbai | ₹98,550 | ₹90,338 |
| Kolkata | ₹98,420 | ₹90,218 |
| Bangalore | ₹98,120 | ₹93,450 |
| Hyderabad | ₹98,710 | ₹90,484 |
| Kerala | ₹98,850 | ₹90,613 |
| Pune | ₹1,00,750 | ₹92,350 |
| Vadodara | ₹98,680 | ₹90,457 |
| Ahmedabad | ₹98,680 | ₹90,457 |
| Gurgaon | ₹98,530 | ₹90,319 |
| Faridabad | ₹98,530 | ₹90,319 |
(Taken From Good Returns At10AM)
Silver Price Today In India
| City | Silver Price (₹/kg) |
|---|---|
| Delhi | ₹1,16,000 |
| Noida | ₹1,16,000 |
| Lucknow | ₹1,16,000 |
| Chennai | ₹1,25,050 |
| Mumbai | ₹1,15,000 |
| Kolkata | ₹1,15,000 |
| Bangalore | ₹1,15,000 |
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.)
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.
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