Gold Price Update: Gold Becomes ₹2,620 Cheaper in a Week — Check Today's Rates in 10 Major Cities; Silver Also Down ₹3,000

Gold prices across India continued to decline for the second consecutive week. On a weekly basis, 24-carat gold dropped by ₹2,620 per 10 grams, while 22-carat gold fell by ₹2,400 per 10 grams. In the national capital, Delhi, the price of 24-carat gold has come down to ₹1,23,150 per 10 grams. Silver too witnessed a decline of ₹3,000 per kilogram this week.

💰 Gold Price in Delhi

• 24-carat gold: ₹1,23,150 per 10 grams

• 22-carat gold: ₹1,13,160 per 10 grams

🏙️ Gold Prices in Major Cities (2 November 2025) City 22-Carat Gold (₹/10g) 24-Carat Gold (₹/10g)

Delhi	1,12,900	1,23,150
Mumbai	1,12,750	1,23,000
Ahmedabad	1,12,800	1,23,000
Chennai	1,12,750	1,23,000
Kolkata	1,12,750	1,23,000
Hyderabad	1,12,750	1,23,000
Jaipur	1,12,900	1,23,150
Bhopal	1,12,800	1,23,000
Lucknow	1,12,900	1,23,150
Chandigarh	1,12,900	1,23,150

📉 Gold and Silver Market Trends

In Indore’s bullion market, gold prices dropped by ₹100 per 10 grams on Saturday, with the average price settling around ₹1,21,500 per 10 grams.

Silver prices have also fallen for the third consecutive week, declining by ₹3,000 per kilogram to ₹1,52,000 per kg as of November 2. However, on November 1, silver saw a minor rebound of ₹600 in Indore, reaching ₹1,50,800 per kg. In the international market, silver was slightly higher at $48.97 per ounce.

Why the Drop?
Domestic gold and silver prices are influenced by both global market movements and domestic factors such as the rupee’s value and import demand. Experts suggest that short-term volatility may persist due to global economic cues, but long-term demand for gold remains strong.