Gold and silver prices witnessed a sharp decline on Dhanteras, November 6. According to the India Bullion and Jewellers Association (IBJA), 999-purity gold opened at ₹1,41,023 per 10 grams, down by ₹3,106. Silver prices fell by ₹5,437 to ₹1,81,863 per kilogram.
On November 5, 999-purity gold was priced at ₹1,44,129 per 10 grams, while silver stood at ₹1,87,300 per kilogram. The latest figures indicate a significant one-day decline in both precious metals.
Despite the fall, gold remains more expensive than it was around Dhanteras last year. On October 17, 2025, 999-purity gold was priced at ₹1,29,584 per 10 grams. By November 6, 2026, it had risen to ₹1,41,023, marking an increase of ₹11,439, or around 8.83 per cent.
An investment of ₹1 lakh in gold around last year's Dhanteras would have been worth approximately ₹1,08,827 based on IBJA rates. However, this calculation excludes the 3 per cent GST and jewellery-making charges, so actual returns may vary.
Gold prices are influenced by movements in the dollar, US interest rates, inflation, geopolitical tensions, central bank purchases and investments in gold ETFs. However, the recent annual gains do not guarantee further price increases.
