Gold and silver prices have fallen since November 1, 2026. Twenty-four karat gold is now ₹126 cheaper per gram, and silver has dropped ₹5 per gram. This price change applies to all weights, from 1 gram to 1 kilogram, making both metals more affordable than two weeks ago.
- 24 karat gold price decreased by ₹126 per gram (0.91%) since November 1.
- Silver price dropped by ₹5 per gram (2.50%) in the same period.
- A kilogram of 24 karat gold costs ₹1,26,000 less than on November 1.
- A kilogram of silver is ₹5,000 cheaper than two weeks ago.
- Prices vary slightly by city, with Delhi rates about ₹15 higher than the national average.
- Making charges and GST remain unchanged, affecting final purchase prices.
How have gold prices changed since November 1, 2026?
The price of 24 karat gold has fallen by ₹126 per gram, which is a 0.91% decrease. For 22 karat gold, the price dropped by ₹115 per gram, from ₹12,730 to ₹12,615. This means a 10 gram piece of 22 karat gold now costs ₹1,26,150 compared to ₹1,27,300 on November 1. Similarly, a kilogram of 22 karat gold is ₹1,15,000 cheaper.
What about silver price changes?
Silver prices have declined more sharply in percentage terms. On November 1, silver was priced at ₹200 per gram and ₹2,00,000 per kilogram. By November 15, prices dropped to ₹195 per gram and ₹1,95,000 per kilogram, a 2.50% decrease. Silver peaked at ₹2,10,000 per kilogram on November 5 before falling steadily.
Do gold and silver prices vary across cities?
Yes, prices differ slightly between cities. For example, in Delhi, 24 karat gold is priced at ₹13,777 per gram, about ₹15 higher than the national average. Other cities like Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Pune, and Kerala have rates around ₹13,762 per gram. Ahmedabad and Vadodara are slightly higher at ₹13,767 per gram.
Why did prices fall after early November?
Prices rose during the Dhanteras and Diwali festivals, with 24 karat gold reaching ₹14,460 per gram on November 9. After the festivals, demand decreased as buyers booked profits, causing prices to fall. Since November 9, gold has dropped ₹698 per gram from its high, and silver has declined ₹15,000 per kilogram from its November 5 peak.
How do making charges and GST affect the final price?
Making charges range from about 5% to 18%, and a 3% GST is added to the metal price. These charges have not changed since November 1. For example, a 10 gram 22 karat gold ornament that cost ₹1,27,300 in metal price on November 1 now costs ₹1,26,150 before adding making charges and GST.
What should buyers expect next?
Since there was no fresh trading on Sunday, prices remained unchanged from Saturday. The market will reopen on Monday, and prices may move then. Buyers, especially those purchasing for the wedding season, may find better rates now, but should also consider making charges and GST when calculating the total cost.
Frequently Asked Questions
Q: How much has 24 karat gold price decreased since November 1?
A: It has decreased by ₹126 per gram, or 0.91%, making it ₹1,26,000 cheaper per kilogram.
Q: Has silver price changed more than gold?
A: Yes, silver has fallen by ₹5 per gram, or 2.50%, which is a sharper percentage drop compared to gold.
Q: Do making charges and GST affect the price change?
A: Making charges (5% to 18%) and 3% GST are added to metal prices and have not changed since November 1, so they affect the final cost but not the metal price drop.
Q: Are gold and silver prices the same in all cities?
A: No, prices vary slightly. For example, Delhi's gold prices are about ₹15 higher per gram than the national average.
