Gold prices in Delhi dropped to ₹139,101 per 10 grams as of November 3, falling by more than 5% over the past month.
Despite the price drop, retail jewellery purchases have picked up ahead of Dhanteras, with industry expectations pointing to a 10-12% rise in sales volumes.
Conversely, the World Gold Council predicted India's annual gold demand will hit a six-year low in 2026 due to poor monsoon agricultural impact.