07/10/2026
Almost a month to Diwali, the major question almost everyone is asking us is,
"Where is the price of Gold going and which time is the best time to buy Gold?"
Unlike previous year, Gold is not going sky high, well its already quite high compared to previous years.
But this year is a very different year for Gold. Although Geo-Political War is going on, yet Gold is almost stable with minor 5-10% (increase or decrease). This is only because Oil is impacted this time.
Apart from so many other factors impacting the rise and fall of Gold prices, one major factor hitting this time is "Oil".
Middle East Countries, whose major Oil business is highly impacted, are selling Gold Reserves. Simultaneously, China is buying Gold like anything. The citizens of China are also instructed to buy Physical Gold. ETF and paper bonds are no longer part of China's plan.
But overall, there is a fine balance between Demand and Supply of Physical Gold followed by little variation.
Another major factor impacting the Gold buying is rising Inflation in India. Middle Class is hardly being able to afford buying the Gold, as it use to be 2 years back.
Thereby, this Diwali one cannot expect huge upswing in the price of Gold, until and unless the War between US and Iran ends, which is not going to end very soon atleast till November, for sure.
Gold can be predicted to be around 1,45,000 Rs - 1,60,000 Rs this Diwali. And from the perspective of long-term, this is an absolutely right time to buy Gold. Gold is always going to scale upward in Future.
If anyone of you need any assistance regarding Gold or Gold Jewelry, feel free to DM us or reach out to us at 'Aura Jewel' !!
