Gold prices have plunged: Should you buy yellow metal this Diwali?

If we look at gold from one Diwali to the next and it has rewarded patient buyers. On the MCX, gold has risen from Rs 50,986 per 10 gm in November 2020 to about Rs 1,45,800 now. That is almost 3 times the price. It has fallen in only one of the seven Diwali-to-Diwali periods (down 6.7% in 2021). The best run was last year, when it jumped 66.5%.