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Diwali 2024: Will inflation affect gold buying during Dhanteras in Mumbai?

This auspicious occasion, falling on November 1, 2024, traditionally sees families flocking to jewellery stores to invest in gold, silver, and other precious metals; However, with inflationary pressures still lingering in the Indian economy, many are left wondering: Will inflation affect gold buying during Dhantrayodashi in Mumbai?

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The most anticipated days for gold or sliver purchases during Diwali 2024 are the Dhanteras, also known as Dhantrayodashi. This auspicious occasion, falling on November 1, 2024, traditionally sees families flocking to jewellery stores to invest in gold, silver, and other precious metals. However, with inflationary pressures still lingering in the Indian economy, many are left wondering: Will inflation affect gold buying during Dhantrayodashi in Mumbai?

Gold prices and silver prices:

With Diwali 2024 and Dhanteras fast approaching, gold and silver prices have soared to new highs. The rising demand for precious metals in anticipation of these important Indian festivals has further fuelled market fluctuations.

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