Gold and silver prices fluctuate in India ahead of festive season
Retail gold and silver rates showed varying trends across major Indian cities on Wednesday, 4 November.
Gold and silver prices in the domestic market showed varied movements on Wednesday, 4 November, as consumers prepare for Dhanteras and Diwali. According to Mint, gold prices in India stood at Rs 1,39,790 per 10 grams at 9:28 am, marking a decline of Rs 100 or 0.07%.
Silver prices also saw a dip, falling by Rs 1,910 or 1.06% to Rs 1,78,570 per kg, according to Bullion.com. On the Multi Commodity Exchange (MCX), gold futures declined 0.09% to Rs 1,39,333 per 10 grams, while silver futures dropped 0.95% to Rs 1,77,985 per kg.
City-wise retail rates for 24-carat gold varied significantly. Mint reported 24-carat gold at Rs 1,39,850 per 10 grams in New Delhi and Rs 1,39,440 per 10 grams in Mumbai. In Chennai, the rate was Rs 1,39,840 per 10 grams, while Kolkata saw rates at Rs 1,39,250 per 10 grams.
Silver 999 fine rates also differed by location. In New Delhi, silver was priced at Rs 1,77,940 per kg, whereas Mumbai recorded Rs 1,78,080 per kg. Bengaluru reported silver at Rs 1,78,380 per kg, and Chennai at Rs 1,78,600 per kg.
The festive period includes Dhanteras on 6 November and Diwali on 8 November 2026. Buying jewellery, coins, and utensils is a traditional part of these celebrations.
