Gold Price Rises by ₹500 Ahead of Dhanteras; Silver Slips Below ₹2 Lakh per Kg on November 3
New Delhi, November 3, 2026: Gold prices recorded an increase in the domestic market on Tuesday, just days before Dhanteras and Diwali. According to the latest rates reported by ABP Live, the price of 24-carat gold in Delhi rose by ₹500 per 10 grams, while 22-carat gold became ₹460 more expensive.
In contrast, silver prices moved slightly lower, declining by ₹100 per kilogram. The precious metal was trading at ₹1,99,900 per kg, falling below the important ₹2 lakh level.
The latest movement comes after a period of considerable volatility in the bullion market during October, when both gold and silver experienced significant price fluctuations.
24-Carat Gold Becomes Costlier by ₹500
The price of 24-carat gold in Delhi reached ₹1,39,520 per 10 grams on November 3, compared with ₹1,39,020 on the previous trading day.
This represents an increase of ₹500 per 10 grams.
Similarly, 22-carat gold recorded a rise of ₹460 and was priced at ₹1,27,900 per 10 grams.
Here are the reported Delhi gold prices:
Gold Purity
Previous Price
November 3 Price
Change
24 Carat
₹1,39,020
₹1,39,520
+₹500
22 Carat
₹1,27,440
₹1,27,900
+₹460
The figures are indicative Delhi market rates reported by ABP Live. Actual retail prices may differ depending on the city, jeweller and applicable charges.
Silver Price Falls Below ₹2 Lakh
While gold became more expensive, silver witnessed a marginal decline.
On Tuesday, silver was priced at ₹1,99,900 per kilogram, down ₹100 from the previous day's rate of ₹2,00,000.
The reported prices across different quantities were:
Silver Quantity
Price on November 3
1 gram
₹199.90
10 grams
₹1,999
100 grams
₹19,990
1 kilogram
₹1,99,900
The decline brought silver below the ₹2 lakh per kilogram level, a development that buyers and investors may closely monitor during the festive shopping period.
Gold and Silver Saw Significant Changes During October
October was a volatile month for precious metals. According to the figures reported by ABP Live, 24-carat gold in Delhi was priced at ₹1,44,090 per 10 grams on October 30.
By November 2, the rate had declined to ₹1,39,020 before recovering by ₹500 on November 3.
Silver also experienced a considerable correction. Its price was around ₹2.20 lakh per kilogram on October 28 before falling to ₹2 lakh by November 2.
The latest movement indicates that prices are continuing to fluctuate even as festive demand remains an important factor in the domestic jewellery market.
Why Are Gold and Silver Prices Changing?
Gold and silver prices in India are influenced by several domestic and international factors.
Some of the major factors include:
International bullion prices: Changes in global gold and silver markets influence domestic rates.
Rupee-dollar exchange rate: A weaker Indian rupee can increase the cost of importing precious metals.
Crude oil prices: Changes in energy prices can affect inflation expectations and market sentiment.
Investor activity: Buying and selling by investors can contribute to short-term price movements.
Festive demand: Jewellery purchases generally increase around Dhanteras and Diwali, influencing domestic market demand.
International developments, including interest-rate expectations and geopolitical conditions, can also affect precious-metal prices.
What Should Gold and Silver Buyers Know?
With Dhanteras approaching, customers planning to purchase jewellery, coins or silver articles should compare prices with local jewellers before making a purchase.
Buyers should also remember that the quoted gold rate is not necessarily the final jewellery price. Making charges, applicable GST and other costs may increase the amount payable.
Gold purity is another important consideration. Twenty-four-carat gold has a higher purity and is commonly used for investment products such as bars and coins, while 22-carat gold is widely used in jewellery manufacturing.
The latest price movement offers a fresh reference for festive buyers, but precious-metal prices can change during the trading day. Customers should check the latest local rates before completing a purchase.