Silver and gold prices decline in India during festive season
Retail silver rates fell by over 2 per cent on Dhanteras as precious metal prices experienced volatility.
Silver prices in India declined by 2.22 per cent to Rs 2,05,000 per kg on November 6, according to commodities price tracker Good Returns. The rate represented a fall of Rs 5,000 from the previous day. In the futures market, MCX silver contracts for December 4 fell over 2 per cent to Rs 1,83,270 per kg at 11:40 AM on Friday.
Gold prices also saw a decline on Saturday, November 7, 2026, according to Times Now. On the Multi Commodity Exchange (MCX), December gold futures fell by 1.2 per cent, or Rs 1,731 per 10 grams, to trade at Rs 1,42,364 per 10 grams. Bullions reported 24-carat gold at Rs 1,42,860 per 10 grams.
In Delhi, the All India Sarafa Association reported that 24-carat gold declined to Rs 1,46,300 per 10 grams, inclusive of taxes. GoodReturns stated the latest retail gold prices were Rs 1,43,610 for 24-carat, Rs 1,31,650 for 22-carat, and Rs 1,07,640 for 18-carat gold per 10 grams.
The decline in silver occurred on Dhanteras, a day when demand typically spikes as many Hindu households consider acquiring metal items auspicious. The volatility in precious metals followed the US midterm elections, as reported by The Indian Express.
