Gold rate today India: Dhanteras sales rise as price eases

What the holiday is. Dhanteras, Nov 6, 2026, falls just before Diwali, India's festival of lights. By tradition people buy gold and silver that day, and also vehicles and utensils. That is why searches for the gold rate in India rise around it.

Sales. The All India Gem and Jewellery Domestic Council (GJC) estimates gold sales at about ₹60,000 crore. A crore is 10 million. That is 15-20% more in value than a year ago, while the weight sold is broadly the same. For silver, GJC expects sales to rise 30% in value and 10% in volume. Another trade body, the All India Jewellers and Goldsmith Federation, said sales crossed ₹66,000 crore over the preceding several days. The estimates differ because they count different things. In Gandhinagar, the paper Sandesh estimated that people spent ₹10 crore in a day across more than 550 jewellery shops.

Price. In Delhi, 24-carat gold cost ₹1.46 lakh per 10 g including taxes. A lakh is 100,000, so that is ₹146,000. On Jan 29 it was ₹1.83 lakh, and on last year's Dhanteras ₹1.32 lakh. Silver cost ₹1.92 lakh per kg, against a January peak of ₹4.04 lakh. In Mumbai, Business Standard reported 24-carat gold at ₹149,000 per 10 g, after a high of ₹180,000. Quotes differ by city and seller. Gujarat Samachar reported that the world gold price fell below $4,100 an ounce that day as the dollar firmed.

What people bought. Lightweight jewellery, small coins and lower-carat pieces were popular. At Kama Jewelry, 18-carat pieces made up about half of sales. The wedding season and swaps of old gold for new supported demand. The World Gold Council's India CEO said buyers took jewellery, coins, bars, ETFs and digital gold.

What we do not know. We found no final figure for the whole festival: everything above is estimates and sellers' words. We did not separately check the rate on Nov 7. Our live gold price page: https://freekonomist.com/en/commodities/gold/ . More on markets: https://freekonomist.com/en/crowd/ .

Fatos confirmados

• GJC's preliminary estimate puts Dhanteras gold sales in India at about ₹60,000 crore, up 15-20% in value on last year; the quantity sold is expected to be broadly unchanged.^[1]
• GJC expects silver sales to rise 30% in value and 10% in volume.^[1]
• The All India Jewellers and Goldsmith Federation said gold and silver sales crossed ₹66,000 crore over the preceding several days, with Delhi's bullion markets doing more than ₹10,000 crore.^[1]
• In Delhi, 24-carat gold was ₹1.46 lakh per 10 g including taxes on Friday, against ₹1.83 lakh on Jan 29 and ₹1.32 lakh on last year's Dhanteras; silver was ₹1.92 lakh per kg, against ₹4.04 lakh on Jan 29 and ₹1.70 lakh a year ago.^[1]
• In Mumbai, 24-carat gold was ₹149,000 per 10 g; its high was ₹180,000.^[2]
• At Mumbai's Zaveri Bazaar, demand for bullion and jewellery was 40% higher than on last year's Dhanteras; PNG Jewellers pointed to 25-30% more than last year, and Kama Jewelry reported a 10% rise in jewellery sales.^[2][1]
• Buyers favoured lightweight jewellery, small coins and lower-carat pieces; at Kama Jewelry, 18-carat pieces made up about half of sales.^[1][2]
• Exchange of old gold and expectations of the wedding season supported demand.^[1][2][3]
• Sandesh estimated that about ₹10 crore of gold and silver was bought in Gandhinagar district on Dhanteras across more than 550 jewellery shops.^[3]
• On Dhanteras the world gold price fell below $4,100 an ounce as the dollar firmed; in Ahmedabad gold fell ₹1,000 per 10 g and silver ₹2,000 per kg.^[4]

Implicações

• ConfirmadoTraders call sales strong, and in value they rose.
• ConfirmadoThe weight of gold sold is about the same as last year, per GJC, because the price is higher than a year ago.
• Nossa leituraSome buyers, judging by demand for lightweight jewellery and small coins, are adjusting to the high price. This is our conclusion.
• Nossa leituraSales estimates from different bodies cannot be added up or compared directly. This is our conclusion.

Ainda não se sabe

• Final sales for the whole festival, and how they split between gold and silver
• How much of the sales is weight and how much is a higher price
• The gold rate in India on Nov 7 and after the festival

Quem é afetado

India, Global. Anyone following the gold rate in India and festive demand

Fontes

1. CNBC-TV18: Dhanteras sales 2026: How much gold and silver did Indians buy this year 7 de novembro de 2026 · mídia
2. Business Standard: Correction in gold prices boosts Dhanteras sales, footfalls for jewellers 6 de novembro de 2026 · mídia
3. Sandesh: Gandhinagar: Dhanteras gold and silver worth Rs 10 crore sold in the district 6 de novembro de 2026 · mídia
4. Gujarat Samachar: Gold and silver prices fall on Dhanteras as festival demand exceeds expectations 7 de novembro de 2026 · mídia