For Indian parents, there are few things more stressful than buying gold for a daughter’s or son's wedding when prices are touching the sky. Gold isn't just a metal in India it’s an emotion, a status symbol, and a retirement plan all rolled into one.

A few weeks ago, gold was hovering near record highs of ₹80,000 per 10 grams. Budgets were breaking, and families were forced to exchange old jewellery rather than buying new. But in the last few days, gravity has finally kicked in. Gold prices have crashed to a two-month low, hovering around the ₹75,000 mark.

Why the drop? Blame or Thank the US Election. You might wonder, "Why does an election in America make my necklace cheaper in Lucknow?" The answer lies in the US Dollar. With Donald Trump winning the presidency, the global markets expect the US Dollar to become incredibly strong.

Gold and the Dollar have an inverse relationship. When the Dollar gets strong, gold usually gets weak because global investors sell their gold to buy dollars or invest in the US stock market which is currently rallying. This global sell-off has dragged domestic prices down in India.

The "Flash Sale" Opportunity for the Indian consumer, this is a perfectly timed "flash sale." The wedding season has just kicked off with Dev Uthani Ekadashi. Jewelers in markets like Zaveri Bazaar (Mumbai) and Dariba Kalan (Delhi) are already reporting a massive rush of footfall. People who were "waiting and watching" are now rushing to book their orders before prices bounce back.

Will it last? Most commodities experts believe this price drop is a temporary correction, not a crash. In the long run, geopolitical tensions usually push gold prices up as a "safe haven." Once the Trump-euphoria settles in the US, gold will likely start its slow climb again.

So, the advice from the market is clear, don't try to time the absolute bottom. If you have a wedding in the family in the next 6 months, or if you just want to make an investment, this dip is likely the best window you will get this winter.