Overview
- Domestic 24‑karat gold quoted near ₹14,345 per gram on November 7, with 22‑karat around ₹13,149 per gram, after a week that posted the strongest weekly gain since August followed by sharp intraday declines.
- Stronger-than-expected US employment figures pushed the dollar and US yields higher, which pressured international bullion and fed short-term price swings that translated into domestic volatility.
- Retail outcomes on Dhanteras were mixed: some jewellers in Ludhiana reported about a 40% year-on-year drop in sales as buyers delayed purchases expecting further falls, while markets such as Mumbai's Zaveri Bazaar and many Tier‑II/III towns saw 10–40% higher footfall and sales.
- Consumers shifted toward smaller, lighter items and coins and used old-gold exchanges to reduce cost exposure, with jewellers reporting stronger demand for everyday wear and lower‑weight designs ahead of the wedding season.
- Final bills vary because making charges, GST and design premiums alter the quoted rate, so buyers are advised to check HUID hallmarks, compare making charges and confirm the day’s retail price before purchasing.