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Gold and silver prices slide on MCX ahead of Diwali

Original: mcx silver

Gold and silver rates on India's MCX have fallen sharply ahead of Diwali, offering relief to jewellery buyers. Sakaal Times-group coverage notes a major dip in precious metal prices just before the festival shopping season, while Axis Securities is advising traders to sell gold below 147,000 rupees with targets around 145,500, reflecting a bearish short-term outlook across bullion.

Why now: Falling gold and silver prices just before Diwali matter to festival jewellery buyers and traders in India.

MCXAxis SecuritiesgoldsilverDiwali

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Evidence

• What is driving the fall in gold and silver prices? | Iran war has pushed oil prices higher | Inshorts · Inshorts
• Gold Price: दागिने खरेदीदारांसाठी खुशखबर; दिवाळीपूर्वी सोने-चांदीच्या दरात मोठी घसरण · Esakal
• Sell Gold Below 147000 SL ABOVE 148000 TGT 145500/144800 - Axis Securities Ltd · Investment Guru India

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