Noida, Nov 4 (APAC Media): Gold and silver prices declined in the domestic market on Wednesday, ahead of Dhanteras, scheduled to be observed on November 6. The decline comes amid preparations for the festive season, when demand for precious metals typically rises as consumers purchase gold jewellery, coins and silver articles.
According to Bullion.com, domestic gold prices stood at ₹1,39,790 per 10 grams at around 9:28 am, declining by ₹100 or 0.07% from the previous session. Silver prices also moved lower, falling by ₹1,910 or 1.06% to ₹1,78,570 per kilogram.
December gold futures were trading 0.13% higher at $3,945.75 per ounce, while silver futures declined to $49.253 per ounce as of 11 am.
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On the Multi Commodity Exchange (MCX), gold futures declined 0.09% to ₹1,39,333 per 10 grams, while silver futures slipped 0.95% to ₹1,77,985 per kilogram.
Gold and Silver Rates in Major Indian Cities on November 4
| City | 24K Gold (10g) | 22K Gold (10g) | Silver (1kg) |
|---|---|---|---|
| Delhi | ₹1,39,850 | ₹1,27,683 | ₹1,77,940 |
| Mumbai | ₹1,39,440 | ₹1,27,820 | ₹1,78,080 |
| Kolkata | ₹1,39,250 | ₹1,27,646 | ₹1,77,840 |
| Bengaluru | ₹1,39,650 | ₹1,28,013 | ₹1,78,380 |
| Chennai | ₹1,39,840 | ₹1,28,187 | ₹1,78,600 |
| Hyderabad | ₹1,39,660 | ₹1,28,022 | ₹1,78,360 |
Silver Price Chart: January–October 2026 (₹/kg)
| 2026 | Monthly high | Monthly low |
|---|---|---|
| Jan | ₹384.6K | ₹227.9K |
| Feb | ₹282.3K | ₹232.6K |
| Mar | ₹290.3K | ₹204.4K |
| Apr | ₹251.7K | ₹227.6K |
| May | ₹288K | ₹239.8K |
| Jun | ₹266.7K | ₹215.6K |
| Jul | ₹233.7K | ₹215.8K |
| Aug | ₹246.1K | ₹217.9K |
| Sep | ₹238.7K | ₹221K |
| Oct* | ₹223.8K | ₹190.7K |
Why Are Gold and Silver Prices Changing?
International market movements, currency fluctuations and expectations surrounding US monetary policy continue to influence precious metal prices.
International gold prices edged higher on Wednesday, supported by a weaker US dollar ahead of the US midterm election results. Investors are also monitoring upcoming US non-farm payroll data for indications about the Federal Reserve’s future interest rate decisions.
Meanwhile, geopolitical uncertainty involving Iran and the United States has added to market volatility.
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IBJA DataÂ
Dhanteras and Diwali 2026
Dhanteras will be celebrated on November 6, followed by Diwali on November 8. Gold and silver purchases traditionally increase during this period.
Consumers planning festive purchases should compare prices across jewellers and check making charges, GST and hallmarking details before buying.
–ENDS–
Disclaimer: Gold and Silver prices are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making  investment choices.
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