With Diwali festivities peaking and the wedding season starting by month-end, the recent correction in gold prices may have come as a welcome opportunity for households considering traditional purchases. The 19.2% dip—from Rs.1.75 lakh per 10 gram peak on 29 January 2026 to Rs.1.41 lakh on 29 October (MCX Spot price, Bloomberg)—is significant because not only does it signal a reversal after a strong rally, but also because gold’s credentials as a safe-haven asset are being tested.