Gold falls Rs 2,677, silver Rs 4,432 on Dhanteras; 24-carat gold near Rs 1.41 lakh per 10 gm

There is relief for those planning to buy gold and silver this Diwali, as prices of both metals fell sharply in the bullion market. According to India Bullion and Jewellers Association (IBJA) data, 24-carat gold has dropped Rs 2,677 to about Rs 1.41 lakh per 10 grams. On Thursday it was priced at Rs 1.44 lakh.

Silver has also softened. A kilogram of silver became cheaper by Rs 4,432 and reached Rs 1.83 lakh. It had earlier held at Rs 1.87 lakh. With prices of both metals falling on Dhanteras, customers are showing good enthusiasm for buying.

On Saturday, November 7, according to IBJA, 24-carat gold is priced at Rs 1,41,452 per 10 grams. Rates for other carats have been given accordingly: 22-carat gold is Rs 1,40,886, 20-carat Rs 1,29,570, 18-carat Rs 1,06,089 and 14-carat Rs 82,749 per 10 grams.

In cities, the price of 24-carat gold has been given as Rs 1,41,452 per 10 grams in Mumbai, Thane, Ratnagiri, Pune, Nagpur, Kolhapur, Chhatrapati Sambhajinagar, Jalgaon, Sangli and Baramati alike. The silver rate on Saturday is Rs 1,82,868 per kg.

Looking at the year as a whole, the gold and silver markets have seen constant ups and downs. Gold has risen by more than Rs 11,000 so far this year. On December 31, 2025, 10 grams of gold was priced at Rs 1.33 lakh, and it has now climbed to Rs 1.41 lakh.

Silver has fared quite the opposite. It has become about Rs 48,000 cheaper this year. On December 31, 2025, silver was Rs 2.30 lakh per kg, and it has now come down to Rs 1.83 lakh.

On January 29 this year, gold reached an all-time high of Rs 1.76 lakh and silver Rs 3.86 lakh. Following the decline since then, the market for precious metals appears to be stabilising for now.