Gold Prices Continue to Fall Ahead of Dhanteras, Diwali; Demand Likely to Increase
- Gold and silver prices surged during the Dhanteras festival on Friday, November 6, 2026, following sharp market corrections. Gold jumped Rs 7,770 per 10 grams over two days, while silver rose Rs 14,400 per kg.
- Precious metals received support from a weakening US dollar following the Democratic Party's victory in US midterm elections, according to Praveen Singh, head of commodities at Mirae Asset Sharekhan. Festive demand in India further bolstered gains.
- On Dhanteras, 10 grams of 24-carat gold was priced at Rs 1,46,030 in India, according to the All India Sarafa Association. Silver gained Rs 9,000 to reach Rs 1,93,000 per kg on Wednesday.
- Mukesh Pandey, Founder & MD of Rupyaapaisa, advised investors to "exercise restraint against making rash investments due to hype in the market." He recommended maintaining discipline and connecting purchases with financial goals.
- Digital gold platforms enable investments as low as Rs 10, providing accessible alternatives for buyers. Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., projects 15% to 20% structural recovery for gold by Diwali 2027.
47 Articles
47 Articles
The price of an ounce of gold was announced at $4,065.97 and silver at $51.95 on global markets.
Gold, Silver Prices Fall On Dhanteras 2026: How Much Would A Rs 1 Lakh Gold Investment Be Worth?
On the day of Dhanteras (November 6) gold and silver prices witnessed a sharp decline bringing some relief to buyers after a period of high rates. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold (999
Gold Rate Today, 6 November 2026: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Hyderabad, Bangalore and other cities
Today's 18, 22 and 24 Carat Gold Prices in Chennai, Bangalore, Hyderabad, Mumbai, Delhi: On Dhanteras today, 10 gram 18, 22 and 24 carat gold prices in Chennai, Bangalore, Hyderabad, Mumbai, and Delhi have risen to Rs 1,09,530, 1,33,860, and Rs 1,46,030
Gold jumps Rs 4,800 per 10 g, silver surges Rs 9,000 per kg ahead of Dhanteras
Gold prices in Delhi jumped Rs 4,800 to Rs 1,46,600 per 10 grams ahead of Dhanteras, while silver surged Rs 9,000 to Rs 1.93 lakh per kg. Festive demand and a strong recovery in global markets supported the rally.
Gold and silver prices correct ahead of Diwali: Buying opportunity or a trap?
Gold and silver have corrected sharply from record highs, but their long-term fundamentals remain supportive. Investors with a longer horizon may consider staggered accumulation, with gold and silver potentially recovering toward $4,750 and $75, respectively, by Diwali 2027.
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