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Gold Prices Dip After Festive Surge, Offering Buying Opportunity
1 Nov
Summary
- Gold prices have eased after Dhanteras and Diwali surge
- Major jewelers offer 22K gold at Rs 11,275-11,340 per gram
- Hallmarking via BIS Care App can verify gold purity
As of November 2, 2025, gold prices in India have eased after a steep surge witnessed during the festive period of Dhanteras and Diwali. The spot gold price on the Multi Commodity Exchange of India (MCX) on October 31, 2025, was Rs 1,20,450 per gram.
Individuals who had postponed their gold purchases due to the high prices during the festivities may now find the current dip as an opportune time to buy gold at relatively lower rates. Major jewelry brands like Malabar Gold & Diamonds, Tanishq, Joyalukkas, and Kalyan Jewellers are offering 22K gold at prices ranging from Rs 11,275 to Rs 11,340 per gram as of November 1, 2025.
Experts advise consumers to consider factors such as current gold rates, hallmarking, purity, making charges, taxes, and the reliability of the seller or platform when planning to buy gold jewelry. Customers can also use the BIS Care App to verify the authenticity and purity of hallmarked gold articles before making a purchase.
