New Delhi, Nov. 2 -- Gold and silver prices have taken a sharp knock in October, offering some relief to buyers ahead of Dhanteras and Diwali 2026.

On the Multi Commodity Exchange (MCX), gold futures fell around 7% during the month, while silver futures plunged nearly 20% - almost three times gold's decline. The correction has brought prices well below their January 2026 record highs, raising a familiar festive-season question: Is this the right time to buy precious metals, or could prices fall further?

Analysts say the sell-off reflects a combination of rising interest-rate concerns, elevated crude oil prices and pressure across global commodity markets. While lower prices may offer an opportunity for those planning festive or wedding ...