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- Gold Price Today (7 November 2025); What is the price of gold and silver today? Business News
New Delhi26 minutes ago
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The price of gold had reached its all-time high of Rs 1,30,874 on October 17.
The price of gold has fallen by Rs 10,643 in 21 days to Rs 1,20,231 per 10 grams today. On October 17, its price had reached its highest ever level of Rs 1,30,874.
According to India Bullion and Jewelers Association (IBJA), the price of gold fell by Rs 439 on November 7. Earlier on Thursday its price was Rs 1,20,670 per 10 grams.
At the same time, the price of silver has fallen by Rs 30,090 to Rs 1,48,010 per kg in 24 days. On October 14, its price had reached its highest ever level of Rs 1,78,100. Today the price of silver has fallen by Rs 232. Yesterday its price was ₹1,48,242 per kg.
IBJA gold prices do not include 3% GST, making charge, jewelers margin. Therefore the rates of cities are different from this. RBI uses these rates to decide the rates of Sovereign Gold Bond. Many banks use it to decide the rates of gold loan.
Gold price according to carat
| carat | Price (Rs/10 grams) |
| 24 | ₹1,20,231 |
| 22 | ₹1,10,132 |
| 18 | ₹90,173 |
| 14 | ₹70,335 |
Gold price in big cities of the country
| City | 10 grams 24 carat |
| Delhi | ₹1,22,170 |
| Mumbai | ₹1,22,020 |
| Kolkata | ₹1,22,020 |
| Chennai | ₹1,22,950 |
| Jaipur | ₹1,22,170 |
| Bhopal | ₹1,22,070 |
| Patna | ₹1,22,070 |
| Lucknow | ₹1,22,170 |
| Raipur | ₹1,22,020 |
| Ahmedabad | ₹1,22,070 |
Due to fall in the prices of gold and silver
- End of seasonal buying in India: After festivals like Diwali, the process of purchasing gold and silver stopped in India. Due to this the demand for gold and silver has decreased.
- Reduction in global tension: Gold and silver are considered ‘safe-haven’, that is, people buy them in difficult times. It has declined due to reduction in global tension.
- Profit-Taking and Overbought Signals: Investors are booking profits after the rally. Technical indicators such as the Relative Strength Index (RSI) were showing that prices had reached the overbought zone. Therefore, trend followers and dealers have started selling.
This year gold is ₹ 44,069 and silver is ₹ 61,993 became expensive
- So far this year, the price of gold has increased by Rs 44,069. On December 31, 2024, 10 grams of 24 carat gold was worth Rs 76,162, which has now become Rs 1,20,231.
- The price of silver has also increased by Rs 61,993 during this period. On December 31, 2024, the price of one kg silver was Rs 86,017, which has now become Rs 1,48,010 per kg.
Keep these 2 things in mind while buying gold
1. Buy only certified gold: Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). This number can be alphanumeric i.e. something like this – AZ4524. Hallmarking shows how many carats the gold is.
2. Price Cross Check: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (such as the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat.
4 reasons for different prices of gold in cities
1. Transportation Expenses: Gold is a physical thing, so it costs money to transport it. Most imports are made by air. Then the gold has to be transported to the interior areas. Transportation expenses include fuel, security, vehicle, staff money etc.
2. Gold purchase quantity: The demand for gold varies according to the city and state. South India accounts for about 40% of India’s total gold consumption. Here sellers buy gold in bulk which reduces the prices. Whereas prices are higher in tier-2 cities.
3. Local Jewelery Association: For example, the gold rate in Tamil Nadu is decided by the Jewelers and Diamond Traders Association. Similarly, there are many other associations across the country which decide the prices.
4. Purchase Price of Gold: This is the biggest factor that affects gold rates in different cities. Jewelers who have bought the stock cheaply can charge lower rates.
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