Gold and Silver Price Today, November 6, 2026: Gold and silver prices have witnessed significant fluctuations ahead of the Diwali festive season, attracting the attention of jewellery buyers and precious metal investors across India.

With Dhanteras traditionally considered an auspicious occasion for purchasing gold, silver and other valuable items, many consumers are closely monitoring bullion market movements before making their purchases.

According to the latest reported market information, both precious metals recently experienced substantial selling pressure in the domestic futures market. Although gold recovered slightly during a subsequent trading session, silver continued to show weakness.

The reported average price of 24-carat gold stands at ₹1,38,360 per 10 grams, while 22-carat gold is priced at approximately ₹1,26,720 per 10 grams. Silver is quoted at around ₹1,77,210 per kilogram.

However, actual jewellery market prices differ across cities and may include additional charges.

Here is a detailed look at the reported gold and silver rates, recent MCX movements and city-wise prices.

Gold and Silver Prices Witness Sharp Fall in Futures Market

The domestic commodity market recently experienced considerable volatility in precious metal prices.

According to the source report, gold and silver futures declined sharply during Tuesday's trading session on the Multi Commodity Exchange (MCX).

Between the morning opening and evening trading hours, significant price movements were recorded in both metals.

The combined reported price movements were described as reaching approximately ₹8,000, although the two commodities trade in different contract units and their price changes should be considered separately.

Silver witnessed particularly sharp selling pressure during the session.

The decline attracted attention because many consumers were preparing to purchase precious metals for the festive season.

Gold Futures: December Contract Falls After Touching Higher Levels

According to the reported MCX data, gold futures scheduled for December 4 delivery reached a high of approximately ₹1,39,421 before declining.

The contract was subsequently quoted at around ₹1,38,545.

The source reported a decline of approximately 1.17% during the relevant trading period.

Such movements highlight the sensitivity of gold prices to market sentiment, global economic developments and changes in investor demand.

Gold is often considered a store of value, but its market price can fluctuate considerably over short periods.

Consumers planning to buy jewellery should therefore distinguish between futures market quotations and the final retail price charged by jewellers.

Silver Prices Drop More Than ₹6,000 in a Trading Session

Silver reportedly experienced a steeper decline than gold during the same period.

According to the supplied figures, the December 4 silver futures contract was quoted at approximately ₹1,77,472.

The source reported a fall of ₹6,307, equivalent to around 3.43%.

During the trading session, silver reportedly moved from a high of ₹1,82,887 to a low of ₹1,75,251.

This represents a substantial intraday trading range.

Silver prices can be particularly volatile because the metal is influenced by both investment demand and industrial consumption.

Apart from jewellery and decorative items, silver is used in electronics, solar technology and various industrial applications.

Changes in economic expectations can therefore affect silver prices differently from gold.

Gold and Silver Market Movement on November 4

The source also highlighted trading activity on Wednesday, November 4, 2026.

Gold reportedly recovered after an initial decline and was quoted at approximately ₹1,39,762.

This represented a reported increase of ₹316, or around 0.22%, during the referenced trading period.

Silver, meanwhile, remained under pressure.

The metal reportedly declined by approximately ₹1,000 to reach ₹1,78,650.

These figures demonstrate how precious metal prices can change from one session to another.

For buyers, comparing prices across several trading days may provide a clearer picture than relying on a single market movement.

Gold and Silver Price Today: Reported Average Rates

According to the supplied bullion market information, the following average rates were reported.

These are indicative reported rates and should not be treated as guaranteed retail quotations.

Actual prices may vary depending on the city, seller, purity, applicable taxes and other charges.

24-Carat Gold Price Today: City-Wise Rates

The reported prices of 24-carat gold across major Indian cities are as follows.

According to the reported figures, Delhi, Jaipur and Lucknow have a slightly higher quoted price than several other major cities.

Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad share the same reported rate of ₹1,39,650 per 10 grams.

22-Carat Gold Price Today: City-Wise Rates

For jewellery buyers, 22-carat gold is particularly relevant because it is commonly used in traditional gold ornaments.

Here are the reported city-wise prices.

The source does not provide a separate 22-carat rate for Hyderabad, so buyers in that city should confirm the latest quotation with local jewellers.

What Is the Difference Between 24-Carat and 22-Carat Gold?

Understanding gold purity is important before making a jewellery purchase.

24-carat gold is considered nearly pure gold and is commonly associated with investment products such as certain coins and bars.

Because pure gold is relatively soft, it is generally less suitable for many types of everyday jewellery.

22-carat gold contains approximately 91.6% gold, with the remaining portion consisting of other metals.

These additional metals help improve durability, making 22-carat gold a popular choice for traditional jewellery.

Consumers should always verify the purity of the product they are purchasing rather than relying only on the quoted gold rate.

Why Are Gold and Silver Prices Fluctuating?

Several factors influence precious metal prices in India.

International gold and silver prices play an important role because domestic rates are connected to global market movements.

Changes in the rupee-dollar exchange rate can also affect the cost of precious metals.

Other influencing factors include interest rate expectations, inflation trends, geopolitical uncertainty and demand from investors.

During the festive and wedding seasons, physical demand for jewellery may increase.

However, stronger seasonal demand does not guarantee that prices will rise, as international market conditions can have a significant impact.

Silver may also react to changes in industrial demand and global economic expectations.

Should You Buy Gold During Dhanteras or Wait for Prices to Fall?

Dhanteras is traditionally associated with purchasing gold and silver in many Indian households.

However, consumers should avoid making large purchases solely because prices have declined during a particular trading session.

Precious metal prices can rise or fall unexpectedly.

Those purchasing jewellery for personal use may benefit from comparing quotations from multiple jewellers.

Investors should consider their financial goals, investment horizon and overall portfolio before allocating money to gold or silver.

A short-term price correction does not necessarily indicate that the market has reached its lowest level.

Important Things to Check Before Buying Gold Jewellery

Before purchasing gold jewellery, consumers should verify the purity and hallmarking details.

BIS hallmarking helps buyers identify jewellery that meets prescribed purity standards.

Customers should also check the Hallmark Unique Identification (HUID) details where applicable.

The BIS Care application provides facilities for verifying eligible hallmark information.

In addition to the gold rate, buyers should examine making charges, applicable GST and any other charges included in the final bill.

It is advisable to obtain a proper purchase invoice containing the product description, weight, purity and price details.

These precautions can help consumers make informed purchases and avoid unnecessary disputes.

Final Takeaway

Gold and silver prices have shown considerable volatility ahead of Diwali 2026.

According to the supplied market report, 24-carat gold is quoted at an average of ₹1,38,360 per 10 grams, while 22-carat gold stands at approximately ₹1,26,720 per 10 grams.

Silver is reported at ₹1,77,210 per kilogram.

City-wise quotations show 24-carat gold at ₹1,39,800 per 10 grams in Delhi, Jaipur and Lucknow, while Mumbai, Chennai and Kolkata have a reported rate of ₹1,39,650.

Consumers planning festive purchases should compare local prices, verify gold purity and check the final bill before completing a transaction.