Gold Prices Surge for Second Straight Day, Silver Follows the Trend — Check Latest City-Wise Rates

The sparkle of gold and silver has brightened again across India, as both precious metals registered another price hike for the second consecutive day. Investors and buyers alike are closely watching the trend, as global cues and a firm U.S. dollar continue to influence market movements.

Gold Shines Again Across Major Indian Cities

Gold prices in India have been on an upward swing this week, marking a steady recovery after recent fluctuations. On Tuesday, both 22-carat and 24-carat gold became costlier by ₹10 per 10 grams in Delhi. Over the past two days, prices have climbed by ₹160 for 22-carat and ₹180 for 24-carat gold per 10 grams — signaling renewed demand ahead of the festive and wedding season.

According to market updates, 24-carat gold in Delhi is now priced at ₹1,23,330 per 10 grams, while 22-carat gold stands at ₹1,13,040. This upward movement reflects growing investor confidence despite the stronger dollar and cautious stance by the U.S. Federal Reserve, which have somewhat capped further gains.

City-Wise Gold Prices (as of November 4, 2025)

Here’s a quick look at the latest gold rates across ten major Indian cities:

Silver Prices Also on the Rise

Silver, often seen as gold’s shadow in the commodity market, has also gained for the second straight day. After remaining steady for a session, the price of silver in Delhi has now risen by ₹2,100 per kilogram over the last two days.

On November 4, silver was trading at ₹1,54,100 per kilogram in Delhi, up by ₹100 compared to the previous day. In Mumbai and Kolkata, silver maintained the same level, while Chennai recorded the highest price at ₹1,68,100 per kilogram, reflecting regional variations in demand and supply.

Market Outlook: How High Can Gold and Silver Go?

Experts believe the short-term rally in precious metals could continue, though global economic factors might moderate the pace.
According to Kelvin Wong, Senior Market Analyst at OANDA, the U.S. dollar remains resilient, which is preventing gold from making large upward moves.

Augmont Goldtech analysts expect gold to remain stable between $3,920 and $4,060 per ounce, roughly equivalent to ₹1.19–₹1.22 lakh per 10 grams in Indian terms. Meanwhile, silver is expected to trade between $46 and $49 per ounce, or ₹1.4–₹1.5 lakh per kilogram. Should prices break these resistance levels, a 3–5% rally could be on the cards.

Kunal Shah, Vice President at Nirmal Bang Securities, noted that domestic gold prices could climb further. On the Multi Commodity Exchange (MCX), gold might touch ₹1.23 lakh per 10 grams in the near term, while globally, it could move toward the $4,200 per ounce mark.

What’s Driving the Upswing?

Analysts attribute the rise in gold and silver prices to a mix of local and international triggers — including festive season buying in India, global inflation concerns, and central banks’ cautious monetary outlook. While a firm dollar and higher interest rates usually dampen gold’s appeal, ongoing geopolitical uncertainties are keeping safe-haven demand alive.

Bottom Line

Gold and silver have once again captured the spotlight in India’s bullion market. With the festive rush continuing and investors seeking stability amid global volatility, the precious metals’ rally might still have room to grow. However, experts advise traders and buyers to remain cautious and track international cues closely — as the next few days could determine whether this uptrend turns into a long-term bull run.