Gold Silver Price Today, November 4, 2026: Gold and silver prices remained under pressure ahead of Dhanteras, bringing some relief to buyers preparing for the festive season. According to the market snapshot reported at around 9:30 AM, MCX silver fell by ₹2,180 to ₹1,77,711 per kg. Meanwhile, 24-carat gold declined by ₹233 to ₹1,39,200 per 10 grams.
These are time-specific futures market prices and may change during the trading session. Retail gold and silver rates in local markets can also differ from MCX prices.
With Dhanteras falling on November 6 and Diwali on November 8, buyers will be closely tracking precious metal prices before making their festive purchases.
Gold and Silver Prices Fall Sharply from Record Highs
Gold and silver have declined significantly from the record levels cited in the market report.
According to the figures provided, MCX gold touched a record high of ₹1,93,096 per 10 grams on January 29, 2026. At the reported price of ₹1,39,200 on November 4, it is now ₹53,896 below that level.
Silver also witnessed a substantial correction. Against its reported all-time high of ₹4,20,048 per kg, the price of ₹1,77,711 represents a decline of ₹2,42,337.
| Commodity | Reported record high | November 4 price (around 9:30 AM) | Difference |
|---|---|---|---|
| Gold (10 grams) | ₹1,93,096 | ₹1,39,200 | ₹53,896 |
| Silver (1 kg) | ₹4,20,048 | ₹1,77,711 | ₹2,42,337 |
Important: The gold decline works out to ₹53,896, not ₹54,096. The silver calculation is correct based on the supplied figures. These comparisons use the reported prices and should be checked against the relevant MCX contract and historical exchange data before publication.
Gold and Silver Rates in Delhi, Mumbai and Other Cities Today
Gold and silver prices vary across cities because local market conditions, dealer premiums and other charges can affect the final retail price.
Here are the city-wise rates reported for November 4:
| City | 24K Gold (10g) | 22K Gold (10g) | 999 Silver (1kg) |
|---|---|---|---|
| New Delhi | ₹1,39,850 | ₹1,27,683 | ₹1,77,940 |
| Mumbai | ₹1,39,440 | ₹1,27,820 | ₹1,78,080 |
| Bengaluru | ₹1,39,650 | ₹1,28,013 | ₹1,78,380 |
| Kolkata | ₹1,39,250 | ₹1,27,646 | ₹1,77,840 |
| Hyderabad | ₹1,39,660 | ₹1,28,022 | ₹1,78,360 |
| Chennai | ₹1,39,840 | ₹1,28,187 | ₹1,78,600 |
Note: These are the city-wise rates supplied in the source report. They are indicative and may change. Buyers should confirm the prevailing rate with a local jeweller before purchasing.
When Are Dhanteras and Diwali in 2026?
Dhanteras will be celebrated on Friday, November 6, 2026, while Diwali will fall on Sunday, November 8.
Buying gold, silver coins, jewellery and utensils is a popular tradition during Dhanteras. As a result, buyers often track price movements closely in the days leading up to the festival.
Difference Between 24K, 22K and 18K Gold
Gold purity is measured in karats. A higher karat value indicates a higher proportion of pure gold.
- 24-karat gold: Approximately 99.9% pure. It is commonly used for investment products such as coins and bars.
- 22-karat gold: Contains approximately 91.67% pure gold. It is widely used to make jewellery.
- 18-karat gold: Contains 75% pure gold, with the remaining portion made up of other metals.
- 14-karat gold: Contains approximately 58.33% pure gold.
- 9-karat gold: Contains 37.5% pure gold.
Silver purity is measured using fineness rather than karats. For example, 999 fineness silver contains 99.9% pure silver, while 925 fineness silver contains 92.5% pure silver.
What Should Buyers Check Before Purchasing Gold or Silver?
Before buying jewellery, coins or silver articles during the festive season, customers should keep a few points in mind:
- Check the latest local gold or silver rate before visiting a jewellery shop.
- Look for the BIS hallmark and verify the HUID on hallmarked gold jewellery.
- Check the purity, weight and making charges mentioned on the bill.
- Ask the jeweller for a clear breakup of the price, including applicable GST.
- For silver products, confirm the fineness and weight before making payment.
Will Gold and Silver Prices Fall Further?
The recent decline from record levels does not guarantee that gold and silver prices will continue falling. Domestic prices are influenced by international bullion rates, the rupee-dollar exchange rate, interest rate expectations, investor demand and other market developments.
Buyers planning to purchase jewellery for Dhanteras should compare local rates and additional charges rather than relying only on MCX futures prices. Investors should also consider their risk tolerance before making decisions based on short-term price movements.