After experiencing a significant surge in October, gold and silver prices have started to fall steadily across India’s bullion markets. Beginning November 1, 2025, both metals have seen downward movement in their rates, affecting jewelry makers and investors alike.
Current Gold and Silver Prices (November 1, 2025)
- 24-carat gold is priced at ₹1,23,150 per 10 grams.
- 22-carat gold is at ₹1,12,900 per 10 grams.
- 18-carat gold costs ₹92,400 per 10 grams.
- Pure silver (999 purity) is ₹1,52,000 per kilogram.
City-wise Gold Rates (24-carat and 22-carat)
| City | 24-carat Gold (₹/10 gm) | 22-carat Gold (₹/10 gm) |
|---|---|---|
| Delhi | ₹1,23,150 | ₹1,12,900 |
| Ahmedabad | ₹1,20,050 | ₹1,12,800 |
| Ayodhya | ₹1,23,150 | ₹1,12,900 |
| Bangalore | ₹1,23,000 | ₹1,12,750 |
| Kolkata | ₹1,23,000 | ₹1,12,750 |
| Chandigarh | ₹1,23,150 | ₹1,12,900 |
| Pune | ₹1,23,000 | ₹1,12,750 |
Silver Prices in Various Cities (₹/kg)
- Lucknow: ₹1,52,000
- Delhi: ₹1,52,000
- Patna: ₹1,52,000
- Pune: ₹1,52,000
- Kerala: ₹1,66,000
- Jaipur: ₹1,52,000
Factors Behind the Price Decline
Since October, gold and silver prices have exhibited volatility, transitioning from a steep rise before Dhanteras to a steady fall post-festivities. The downward trend has continued into November, influenced by multiple global and domestic factors.
Key drivers include fluctuating global demand for gold, currency valuations—especially the strength of the U.S. dollar—and changes in global interest rates. The Federal Reserve’s recent policy decisions, the robust U.S. dollar, and improving trade relations between the U.S. and China have also contributed to the weakening of gold and silver prices worldwide.
This sustained fall has brought the metals’ prices down from their all-time highs seen earlier, marking a critical period for traders, investors, and consumers watching market movements closely.
The metal price fluctuations directly impact consumers, especially middle-class households, and those looking to buy gold jewelry during the wedding and festive season. As prices adjust, many will be monitoring to find an optimum time to invest or purchase.