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Gold Prices Fall 23 Percent From January Peak: Should You Buy Now or Wait?
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News18•07-10-2026, 11:38
Gold Prices Fall 23 Percent From January Peak: Should You Buy Now or Wait?
- •Gold prices have fallen significantly by up to 23 percent from their record highs seen in January, sparking interest among buyers during the festive and wedding season.
- •On the MCX, gold touched a yearly high of Rs 2,47,917 per 10 grams before dropping to Rs 1,49,270 by October 5.
- •Analysts suggest that instead of timing the market bottom, buyers should consider purchasing in instalments over the coming weeks.
- •Consumer demand has shifted towards lightweight and contemporary jewellery due to cautious budgeting amid high price volatility.
- •Investors are advised to consult financial experts and avoid using short-term funds for gold investments.
Key Questions Answered
Kaveri More, a commodity technical analyst at Choice Broking, attributed the recent decline in gold prices to higher US Treasury yields, a stronger US dollar, and changing geopolitical expectations.
Rather than trying to time the exact market bottom before Diwali, analysts suggest purchasing gold in three or four instalments over the coming weeks, or opting for Gold ETFs to avoid making charges.
High prices are making consumers more cautious, prompting them to set tighter budgets and show a greater preference for lightweight, contemporary jewellery over traditional high-value pieces.
