Gold-Silver Rates: Gold and silver prices have weakened in the bullion market this week, offering some relief to buyers planning jewellery purchases. The price of 24-carat gold declined by 4.6%, while silver recorded a 1.74% fall on Friday.
According to the Indian Bullion and Jewellers Association (IBJA), 24-carat gold was trading at ₹141,023 per 10 grams on the morning of November 6. By November 13, the closing rate had dropped to ₹135,884 per 10 grams, marking a weekly reduction of ₹5,139.
Gold Prices Decline for Four Consecutive Days
Gold has remained under pressure in recent trading sessions. During the last 10 days, prices registered a decline on five occasions, including four consecutive trading sessions between November 10 and November 13.
The slowdown in domestic retail demand after Diwali is being cited as one of the reasons behind the recent fall in gold prices.
Gold Rates in Delhi and Mumbai
According to bullion market data for November 14, gold prices varied slightly between Delhi and Mumbai.
| Gold Purity | Delhi (10 grams) | Mumbai (10 grams) |
|---|---|---|
| 24 Carat | ₹136,820 | ₹137,060 |
| 22 Carat | ₹125,418 | ₹125,638 |
| 18 Carat | ₹102,615 | ₹102,795 |
Silver prices also showed a difference between the two cities. On November 14, 999-purity silver was quoted at ₹176,640 per kilogram in Delhi and ₹176,940 per kilogram in Mumbai.
Silver Prices Across Major Indian Cities
Silver rates in Delhi, Mumbai, Kolkata and Chennai were reported at ₹195,000 per kilogram. The precious metal had previously touched a record high towards the end of January 2026, when its price crossed ₹420,000 per kilogram.
Important Things to Check Before Buying Gold or Silver
Customers planning to purchase precious metals should take a few precautions before making a transaction. Always choose a reputable jeweller and check the purity of the gold carefully.
Buyers should also understand the difference between 22-carat and 18-carat gold, as purity levels directly affect the price. Comparing the applicable rates and checking the quality of the jewellery can help customers make an informed purchase.
Disclaimer
Gold and silver prices mentioned in this article are based on the market information available for the specified dates. Rates may vary depending on the city, jeweller, taxes and additional charges. Precious metal prices fluctuate regularly, so buyers should confirm the latest rates with authorised jewellers before making a purchase. This article is intended for general informational purposes only.