Gold prices have dipped following Donald Trump’s victory in the US presidential election, creating a unique opportunity for Indian consumers as wedding season approaches.

Since November 4, prices have fallen by Rs 4,750 per 10 grams, triggering increased interest among buyers. The timing coincides with the wedding season, which typically sees a surge in gold demand.

According to experts, while a stronger US dollar could put additional pressure on gold prices, gold’s role as a safe-haven investment remains strong due to ongoing global economic uncertainties.

Suvankar Sen of Senco Gold & Diamonds noted a rise in inquiries as people seize the opportunity for wedding purchases. Surendra Mehta of the IBJA advised that now is a good time to buy gold for upcoming weddings.

Historically, a strong US dollar can lower gold prices, and Trump's policies may further bolster the dollar, potentially pushing prices down.

However, the long-term outlook for gold remains bullish, with analysts predicting a recovery despite short-term corrections.

With the wedding season in full swing and prices lower than usual, Indian consumers may benefit from buying gold now, whether for ceremonies or as a long-term investment. Experts recommend a cautious but strategic approach, with a focus on the gradual accumulation of gold at current price levels.