With wedding season upon us, gold prices have brought some relief to the public. Gold prices have fallen by 5% in just one month. So, let's find out if now is the right time to buy gold.

Gold prices fell by 5% in a month.

Gold prices have risen sharply over the past few years, leaving consumers disappointed. However, if you're considering buying gold for this wedding season, now is a good time. Gold prices are currently falling. This isn't just a recent decline; it has already fallen by about 5% in the past month.

According to the bullion website, the price of 24-carat gold was Rs 1,53,780 per 10 grams on September 21, 2026, which has come down to Rs 1,46,270 per 10 grams on October 21. This represents a decline of 5.13% in a month.

What is the price of gold?
Today, October 21st, the price of 24-carat gold on MCX is ₹1,46,270 per 10 grams. Meanwhile, the price of 22-carat gold is ₹1,34,081 per 10 grams. Gold prices have fallen sharply compared to last month, which is good news for Indian consumers. Wedding season is typically the peak time for gold purchases. Diwali is also just around the corner, making these two major occasions the most gold is purchased in India.

Should consumers buy gold?
Gold prices have fallen by up to 5% in the past month, making this a good time for consumers to buy gold. Customers looking to buy gold for the wedding season or for investment purposes can do so now.

Buy gold before Dhanteras.
Diwali is coming just before the wedding season, and Dhanteras is celebrated two days before it. Buying gold on Dhanteras is considered auspicious. Therefore, people buy as much gold as possible. Gold prices also tend to rise during this time, making this the most appropriate time for any customer to purchase gold.