Gold falls to Rs 1.38 lakh and silver to Rs 1.81 lakh after Diwali, IBJA rates show

Gold and silver prices have fallen sharply in the bullion market after Diwali. On November 12, rates of both metals came down considerably once again, bringing relief to buyers. According to the India Bullion and Jewellers Association (IBJA), 24-carat gold fell by Rs 2,911 to Rs 1.38 lakh per 10 grams.

Silver also declined sharply. A kilogram of silver dropped by Rs 4,860 to Rs 1.81 lakh. With the fall continuing in the market, this has become a favourable time for those buying the precious metals.

Gold and silver prices have swung widely this year. On December 31, 2025, silver was at Rs 2.30 lakh. On January 29, it touched a record high of Rs 3.86 lakh. Silver then saw a steep slump and the price came down well below that peak.

Gold followed a similar course. On December 31, 2025, it stood at Rs 1.33 lakh. On January 29, it rose to its highest level of Rs 1.76 lakh. Gold prices then fell as well.

According to IBJA, 24-carat gold was Rs 1,37,692 per 10 grams on the morning of Friday, November 13. By afternoon it had fallen to Rs 1,35,884 per 10 grams, and in the evening it slipped further to Rs 1,35,809 per 10 grams.

Other carats declined in the same way. 22-carat gold was Rs 1,37,141 in the morning, Rs 1,35,340 in the afternoon and Rs 1,35,265 in the evening, per 10 grams. 20-carat gold was Rs 1,26,126 in the morning, Rs 1,24,470 in the afternoon and Rs 1,24,401 in the evening, per 10 grams.

18-carat gold was recorded at Rs 1,03,269 in the morning, Rs 1,01,913 in the afternoon and Rs 1,01,857 in the evening, per 10 grams. 14-carat gold was Rs 80,550 in the morning, Rs 79,492 in the afternoon and Rs 79,448 in the evening, per 10 grams.

Gold's evening rate was the same across cities. In Mumbai, Thane, Ratnagiri, Pune, Nagpur, Kolhapur, Chhatrapati Sambhajinagar, Jalgaon, Sangli and Baramati, it was Rs 1,35,809 per 10 grams.

On silver, IBJA said the morning rate on Friday, November 13 was Rs 1,81,040 per kg. It fell to Rs 1,77,500 per kg in the afternoon. In the evening the rate rose slightly to Rs 1,78,000 per kg.