Gold up Rs 1,398 and silver Rs 1,524 this week; 24-carat gold at Rs 1,41,452 on Sunday

Gold and silver prices recorded a modest rise in the first week of November. According to the India Bullion and Jewellers Association (IBJA), 24-carat gold rose by Rs 1,398 per 10 grams this week and reached Rs 1.41 lakh. At the end of last week, on October 30, gold was at Rs 1.40 lakh.

Silver also gained. Its price rose by Rs 1,524 per kg and it is now selling at Rs 1.83 lakh per kg. On October 30, silver had closed at Rs 1.81 lakh per kg. The movement has been attributed to activity in global markets and a change in local demand.

On Sunday, November 8, the IBJA rate for 24-carat gold is Rs 1,41,452 per 10 grams. The rates for other purities, per 10 grams, are: 22-carat Rs 1,40,886, 20-carat Rs 1,29,570, 18-carat Rs 1,06,089 and 14-carat Rs 82,749.

The same rate applies in cities. In Mumbai, Thane, Ratnagiri, Pune, Nagpur, Kolhapur, Chhatrapati Sambhajinagar, Jalgaon, Sangli and Baramati, 24-carat gold was recorded at Rs 1,41,452 per 10 grams.

The IBJA rate for silver on the same day is Rs 1,82,868 per kg.

This year has seen a wide swing and a fall in gold and silver prices. Silver stood at Rs 2.30 lakh on December 31, 2025, and touched a record high of Rs 3.86 lakh on January 29. It then fell sharply and is now Rs 2 lakh cheaper.

Gold followed a similar course. It was at Rs 1.33 lakh on December 31, 2025, and rose to a high of Rs 1.76 lakh on January 29. It then declined as well and is now about Rs 35,000 cheaper.