Gold and Silver Prices Crash! 24K Gold at ₹1.42 Lakh on November 1, 2026; Silver Hits 11-Month Low
New Delhi: The bullion market witnessed sharp volatility this week amid the festive season. On Saturday, heavy selling pressure in international markets pulled down domestic gold and silver prices. According to the India Bullion and Jewellers Association (IBJA), 24-carat gold with 99.9% purity fell by ₹3,200 to ₹1,42,000 per 10 grams in Delhi, its lowest level in 10 months.
Silver takes a bigger hit: Silver fell more sharply than gold. In Delhi, silver dropped by ₹4,200 to ₹1,86,000 per kilogram. In Kanpur, silver fell by ₹5,000 to ₹1,85,000 per kg, while gold stood at ₹1,41,200 per 10 grams. Market analysts say rising crude oil prices, hawkish comments from the US Federal Reserve, and AI-driven selling in equity markets pushed investors to book profits in precious metals.
Estimated rates in major cities on November 1, 2026:
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Delhi: 24K gold ₹1,42,000/10g | Silver ₹1,86,000/kg
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Kanpur: 24K gold ₹1,41,200/10g | Silver ₹1,85,000/kg
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Mumbai (IBJA): 24K gold ₹1,40,054/10g | Silver ₹1,81,000/kg (estimated)
Should you buy now? The drop comes just before Diwali and Dhanteras, offering relief to jewellery buyers. However, experts caution that international volatility may continue. Before investing, check the latest local sarafa rate, including making charges and taxes.
FAQ
What is the 22K gold rate on November 1, 2026? 22K gold is usually 8–10% cheaper than 24K. In Delhi, it is estimated at ₹1,30,000–₹1,31,000 per 10 grams.
Is silver worth buying today? Silver is at an 11-month low, but industrial demand and the US dollar trend will decide the next move. Long-term investors may find this level attractive.
Disclaimer: This is a fictional sample article for website testing/template purposes. Prices are illustrative. Verify all rates with official sources before publishing.
