Gold and silver prices have taken a sharp hit just days before Dhanteras, giving buyers a reason to reconsider their festive purchases. But with precious metals still vulnerable to market swings, a price correction does not necessarily mean the rally is over or that prices cannot fall further.

Dhanteras, which falls on November 6 this year, is traditionally considered an auspicious occasion to buy gold and silver. For many Indian households, the purchase is as much about tradition and long-term savings as it is about investment returns.

The latest correction has brought some relief to consumers. However, the bigger question is whether to buy gold, silver, jewellery or coins this Dhanteras, and whether digital gold offers a better alternative for smaller budgets.

Silver prices fell nearly 3 per cent on the Multi Commodity Exchange (MCX) on November 3, shedding more than Rs 5,000 per kg. At around 11:50 am, silver futures were trading at Rs 1,78,624 per kg, down Rs 5,155.

The fall follows a sharp correction in October, when silver futures declined around 20 per cent, while gold futures dropped approximately 7 per cent.ccasion to buy gold and silver. For many Indian households, the purchase is as much about tradition and long-term savings as it is about investment returns.

The latest correction has brought some relief to consumers. However, the bigger question is whether to buy gold, silver, jewellery or coins this Dhanteras, and whether digital gold offers a better alternative for smaller budgets.