Gold Price Today: Gold prices surge a day before Dhanteras; rates reach new highs in Delhi, Jaipur, and Lucknow..

On November 5, one day before Dhanteras, gold prices in the country have seen an upward trend. In the capital, Delhi, the price of 24-carat gold has reached ₹142,960 per 10 grams. In Mumbai, the price stands at ₹142,810 per 10 grams. Gold prices have risen in other cities as well. A day earlier, the bullion market in Delhi witnessed a sharp surge in the prices of both gold and silver. Driven by increased festive demand and a strong recovery in global market prices, the price of 99.9% pure gold climbed by ₹4,800.

Compared to the previous Dhanteras, the rise in gold prices this year has been more modest. Rajeev Sharan, Head of Research at Brickwork Ratings, notes that gold has become only 5 to 7 percent more expensive since the last festive season. In contrast, last year’s Dhanteras saw an annual increase of approximately 65 percent in gold prices.

In the international market, spot gold is trading at $4,059.95 per ounce. The US dollar experienced a significant decline following the Democrats' strong performance in the US midterm elections, which in turn pushed gold prices higher.

Gold rates in some major cities across the country:

Gold price in Delhi: The price of 24-carat gold in Delhi is ₹142,960 per 10 grams, while 22-carat gold is priced at ₹131,060 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹130,910 per 10 grams, and 24-carat gold is priced at ₹142,810 per 10 grams.

Gold price in Chennai: The price of 24-carat gold is ₹142,920 per 10 grams, while 22-carat gold is priced at ₹131,010 per 10 grams. Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹142,810 per 10 grams, and the price of 22-carat gold is ₹130,910 per 10 grams.

City    Today’s Price for 22-Carat Gold (₹)    Today’s Price for 24-Carat Gold (₹)
Delhi               131,060                                  142,960
Mumbai           130,910                                   142,810
Ahmedabad    130,960                                  142,860
Chennai          131,010                                  142,920
Kolkata           130,910                                142,810
Hyderabad     130,910                                142,810
Jaipur              131,060                              142,960
Bhopal             130,960                            142,860
Lucknow         131,060                            142,960
Chandigarh     131,060                             142,960

Price of Silver

There has been a decline in the price of silver, another precious metal. As of the morning of November 5, silver is priced at ₹199,900 per kilogram. A day earlier, the price of silver had risen by ₹9,000 in the Delhi bullion market. In January of this year, the price of silver in the country had reached a record high of ₹4 lakh per kilogram. In the international market, the price of spot silver stands at $52.23 per ounce.

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