Gold prices decline in India on Choti Diwali
December gold futures on the Multi Commodity Exchange fell by 1.2 per cent on Saturday.
Gold prices in India experienced a decline on Saturday, 7 November 2026, according to Times Now. The downward trend occurred as the country celebrated Choti Diwali, following the Dhanteras festival.
On the Multi Commodity Exchange (MCX), December gold futures dropped by 1.2 per cent, representing a decrease of Rs 1,731 per 10 grams. The contract was valued at Rs 1,42,364 per 10 grams, down from the previous closing price of Rs 1,44,095.
Bullions reported that 24-carat gold was priced at Rs 1,42,860 per 10 grams. Meanwhile, international gold prices were recorded at $4,079.50 per ounce.
In Delhi, the All India Sarafa Association stated that 24-carat gold had fallen to Rs 1,46,300 per 10 grams, including taxes. GoodReturns listed retail prices for 10 grams of 24-carat gold at Rs 1,43,610, 22-carat gold at Rs 1,31,650, and 18-carat gold at Rs 1,07,640.
The decline follows a period of weakness on Friday, the day of Dhanteras. Traders noted that consumers were cautious due to high prices and market uncertainty, leading some to choose lighter jewellery over heavier pieces.
