Gold Prices Surge on Diwali; Nifty 50 Faces Significant Decline

As India celebrates Diwali, gold prices have reached record highs both globally and in domestic markets. Investors are increasingly turning to gold as a safe-haven asset amid economic uncertainties and the upcoming U.S. elections.

The festive season has further boosted demand for gold in India, contributing to its rising prices. This trend highlights the precious metal’s enduring appeal during significant cultural celebrations.

Meanwhile, the Nifty 50 index is set to experience its worst monthly performance since March 2020. Investors are closely watching market fluctuations as they navigate the challenges ahead.

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