Gold and silver prices fall in India ahead of Diwali and Dhanteras

1. What happened

   Indian media reported a sharp drop in gold and silver prices. AajTak said gold was about 50,000 rupees below its recent high, and Dainik Bhaskar said gold was about 40,000 rupees per tola cheaper and silver up to 2 lakh rupees cheaper.

2. When it started

   The source links point to reports dated October 30 and 31, 2026, ahead of Diwali and Dhanteras.

3. How it spread

   Jagran's report for Patna gave a 24-carat gold rate of 13,760 rupees per gram and listed new 22- and 18-carat rates. The sources do not explain the mechanism behind the fall.

4. Why it matters

   The sources cite the festive season and wedding purchases as reasons buyers may act now. AajTak's article mentions reasons for the crash, but the material provided does not include them, so the causes are unconfirmed.