Gold and Silver Prices Dip Ahead of Navratri: Should You Buy Now?

Gold and silver prices in India have seen a notable correction just ahead of the Navratri festivities—a time traditionally marked by high consumer demand for precious metals. With both metals slipping in price across major cities, investors and buyers are eyeing this as a possible buying opportunity.

Let’s break down the latest updates, what’s driving the dip, and what it means for you.

Gold Price Today: April 5, 2025

Gold prices across India have softened slightly compared to earlier this week. In Delhi, 24-carat gold is now priced at ₹69,850 per 10 grams, down from the ₹70,300 mark it hit just days ago.

In Mumbai, the price hovered around ₹69,720, while in Chandigarh, rates dropped closer to ₹69,600. This downward trend isn’t drastic—but it’s enough to catch the attention of both investors and festive shoppers.

Silver Price Sees a Sharp Fall

Silver took a much steeper hit. In Chandigarh, the price of silver dropped by nearly ₹5,000 in a single day, settling at ₹81,000 per kilogram. That’s a major dip and could indicate short-term volatility in the bullion market.

The price cut was largely attributed to declining demand in the wholesale market and global cues showing weaker industrial demand for silver.

Why Are Gold and Silver Prices Falling?

There are a few key factors behind this sudden dip:

• Global Trends: International gold prices eased slightly amid a strengthening dollar and renewed optimism in U.S. job market data.
• Profit Booking: After weeks of consistent rise, traders appear to be booking profits, triggering a short-term correction.
• Pre-Festival Timing: Ironically, prices often dip slightly before festivals due to cautious trading, only to rise sharply during actual high-demand days like Akshaya Tritiya or Dhanteras.

Navratri 2025: A Good Time to Buy?

With prices down and festivities kicking in, Navratri 2025 could be the ideal time for consumers to enter the market—especially those looking for long-term investment or gifting purposes.

Traditionally, buying gold during Navratri is considered auspicious, and jewelers across the country are expected to launch new collections, along with attractive discounts and making charge waivers.

Expert Take: What Should Buyers Do?

Market analysts suggest this is a “buy the dip” opportunity, especially for long-term holders. However, investors are advised to:

• Monitor global gold rates
• Watch out for upcoming U.S. Federal Reserve announcements
• Stay informed about geopolitical tensions, which often impact bullion markets

Final Word: Gold Remains a Safe Haven

Despite short-term fluctuations, gold continues to be a strong hedge against inflation and market volatility. With silver also correcting sharply, both metals present an interesting opportunity for smart buyers ahead of the festival season.

If you’re planning to make a purchase, the next few days might just be your golden window.

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