Gold Rate Today: On the auspicious occasion of Dev Diwali, there is festive enthusiasm everywhere in the country. Today, the prices of gold and silver are also falling. The prices of both the precious metals have been falling continuously for the last two days.

Market experts believe that due to the strength of the dollar and the aggressive stance of the Fed, there is pressure on gold. At the same time, a decline in silver prices is being recorded. Today, on 5th November, know what is the latest rate of gold in your city.

Gold price in your city (as per good returns)

Gold price in Delhi (per 10 grams)

24 carat – Rs 1,21,630
22 carat – Rs 1,11,500
18 carat – Rs 91,260

Gold price in Mumbai (per 10 grams)

24 carat – Rs 1,21,480
22 carat – Rs 1,11,350
18 carat – Rs 91,110

Gold price in Chennai (per 10 grams)

24 carat – Rs 1,21,970
22 carat – Rs 1,11,800
18 carat – Rs 93,250

Gold price in Kolkata (per 10 grams)

24 carat – Rs 1,21,480
22 carat – Rs 1,11,350
18 carat – Rs 91,110

Gold price in Ahmedabad (per 10 grams)

24 carat – Rs 1,21,530
22 carat – Rs 1,11,400
18 carat – Rs 91,160

Gold price in Lucknow (per 10 grams)

24 carat – Rs 1,21,630
22 carat – Rs 1,11,500
18 carat – Rs 91,260

Gold price in Chandigarh (per 10 grams)

24 carat – Rs 1,21,630
22 carat – Rs 1,11,500
18 carat – Rs 91,260

Gold price in Bhubaneswar (per 10 grams)

24 carat – Rs 1,21,630
22 carat – Rs 1,11,500
18 carat – Rs 91,260

Gold price in Hyderabad (per 10 grams)

24 carat – Rs 1,21,480
22 carat – Rs 1,11,350
18 carat – Rs 91,110

The month of November has started. Wedding season is starting in India from this month. In such a situation, it is expected that the demand for gold may increase. The price of gold is fluctuating every day. However, today, on November 5, due to its reduced prices, investors have an opportunity to invest in gold.

Investors have been placing their bets on precious metals like gold and silver since the beginning. Gold works to protect investors from the ongoing uncertainties at the global level. This is the reason why people consider investing in gold as a safe investment option. Buying gold and silver in India is also culturally linked to Indians. Indians consider it auspicious to buy gold on any auspicious occasion.

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Gold and Silver Price Prediction: Gold prices are continuously touching new heights. At present, gold is trading at the level of Rs 1,30,000. However, despite this there is no dearth of investment in gold and silver. The sale of gold and silver worth more than Rs 60,000 crore on Dhanteras is proof of this. Investment on gold is also yielding continuous profits.

200% return in 5 years

In October 2020, its price was Rs 47,000 per 10 grams, which has now reached Rs 1.30 lakh. That means it has given returns of almost 200 percent in 5 years. From last Diwali till now, gold has given returns of up to 60 percent. However, so far this year the price of gold has increased by Rs 54,700. On December 31, 2024, the price of 10 grams of 24 carat gold was Rs 76,162, which has now become Rs 1,30,840. That means it has given approximately 70 percent return.

The price of gold and silver will increase

Experts believe that by the next Dhanteras, the price of gold can reach Rs 1.60 lakh per 10 grams. So far this year, gold has given returns of more than 70 percent. British bank SSBC has also estimated that the price of gold is expected to reach $5000 by the year 2026. If seen from this perspective, its price in India will be Rs 1.50 lakh per 10 grams. If it crosses 5000 dollars, the price can reach 1.60 lakhs. Now it has reached close to Rs 4500 per ounce. Not only SSBC but Bank of America has also increased the target price for gold to $5000.

Brokerage Motilal Oswal has estimated that by 2026, the price of silver in the country may reach Rs 2.4 lakh per kg, which is about 46 percent more than the current level. With this, global prices will strengthen to $70 per ounce by 2027. The brokerage expects silver to trade around $75 an ounce globally in 2026 and strengthen to around $77 an ounce by 2027. Silver prices will increase due to reduction in global supply and strong industrial demand.

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