The fall in gold and silver prices just ahead of Dhanteras, to be celebrated on 6 November 2026, has brought relief to buyers. According to the India Bullion and Jewellers Association (IBJA), 24-carat gold closed at ₹1,37,524 per 10 grams on Monday. Silver fell by ₹1,372 to close at ₹1,79,972 per kg. At the end of last year, 24-carat gold was priced at ₹1,33,195. It touched a record high of ₹1,75,340 on January 29. Now, only ₹4,329 of those gains remain. This means gold’s rise since December 31 has shrunk to just 3%. Silver has performed even worse. It had surged by ₹1,49,568 between December and January, but is now 22% cheaper than its price at the beginning of the year. Gold falls 5.30% in October alone Source: India Bullion and Jewellers Association (IBJA). Gold prices are for 24-carat gold. 22-carat gold is ₹34,621 per 10 grams cheaper than its January record. This means the cost of 20 grams of jewellery would be lower by ₹69,242. A buying opportunity, but avoid investing all at once, says expert Satish Dondapati, Fund Manager, Kotak Neo Do not invest the entire amount at once amid the current fall. Prices may remain under pressure and volatile in the near term, so staggered purchases during dips would be a better approach. Sensex jumps 1,233 points Reliance shares surge 12%; Ambani’s wealth rises 7.8% Mumbai: Shares of Reliance Industries surged 11.6% on Monday, closing at ₹1,300 on the NSE. This was the stock’s biggest single-day gain since April 7, 2020, when it rose 11.94%. Mukesh Ambani’s wealth increased by ₹59,600 crore (7.85%). He was the biggest wealth gainer among billionaires globally on Monday, according to the Forbes Billionaires List. The Sensex surged 1,233 points (1.66%) to close at 75,692.78, while the Nifty rose 387.70 points (1.68%) to 23,440. SEBI has recommended that the Central government abolish the 12.5% long-term capital gains (LTCG) tax to attract foreign investors. Other major shifts in the market Crude oil prices fall 7%: Crude oil prices dropped by more than 7% amid hopes of an agreement between the US and Iran. Prices fell to $108.46 per barrel on Monday. Rupee falls 8 paise: The rupee weakened by 8 paise against the US dollar to close at 94.84. It had strengthened by 50 paise on Friday. Post navigation Ambani tops Forbes global billionaire gainers list after Jio IPO:Net worth gains by $6.3 billion in a single day as Reliance shares break 6-yr record Sensex rises by more than 500 points:Trading at 76,300, Nifty also up 150 points; increased buying in banking and IT shares
