Gold Prices Surge Ahead of Dhanteras and Diwali 2026
Gold Prices Rise Significantly
New Delhi – Customers planning to purchase gold ahead of the auspicious festivals of Dhanteras and Diwali may face a surprise. In the last two days, gold prices have surged, with the cost of 10 grams now exceeding ₹1.45 lakh, up from ₹1.39 lakh. The increasing demand for jewelry, coins, and bars during this festive season is directly impacting prices. However, it is worth noting that the current gold price is still approximately ₹55,000 lower than its all-time high.
On November 5, the price of 24-carat gold rose by ₹1,780, reaching ₹1.45 lakh. The international market is also being influenced by escalating geopolitical tensions between the USA and Iran, along with uncertainties surrounding American interest rates. Experts suggest that if interest rates in the USA rise, it could put pressure on assets like gold, which do not yield regular interest for investors.
Dhanteras will be celebrated on November 6, followed by Diwali on November 8, 2026. Purchasing gold during these auspicious occasions is considered to bring prosperity. Therefore, it is crucial to check the latest rates in your city before making a purchase. As of November 5, 2026, the gold rates in major cities across the country are as follows:
Current Gold Rates in Major Cities
- Jaipur: 24-carat gold – ₹1,46,170 per 10 grams; 22-carat gold – ₹1,33,990 per 10 grams
- Delhi: 24-carat gold – ₹1,45,550 per 10 grams; 22-carat gold – ₹1,33,343 per 10 grams
- Uttar Pradesh: 24-carat gold – ₹1,45,950 per 10 grams; 22-carat gold – ₹1,33,400 per 10 grams
- Bihar: 24-carat gold – ₹1,45,650 per 10 grams; 22-carat gold – ₹1,33,430 per 10 grams
- Mumbai: 24-carat gold – ₹1,45,440 per 10 grams; 22-carat gold – ₹1,33,820 per 10 grams
- Bengaluru: 24-carat gold – ₹1,45,650 per 10 grams; 22-carat gold – ₹1,33,013 per 10 grams
- Kolkata: 24-carat gold – ₹1,45,250 per 10 grams; 22-carat gold – ₹1,33,646 per 10 grams
- Hyderabad: 24-carat gold – ₹1,45,660 per 10 grams; 22-carat gold – ₹1,33,022 per 10 grams
- Chennai: 24-carat gold – ₹1,45,840 per 10 grams; 22-carat gold – ₹1,33,187 per 10 grams
Important Tips for Gold Buyers
Considerations When Buying Gold: The market sets different rates for 24, 22, and 18-carat gold. 24-carat gold is considered the purest (99.9%), while 22-carat gold (91.6%) is commonly used for making jewelry. 18-carat gold contains a higher mix of other metals. When purchasing jewelry or coins on Dhanteras, ensure to check for the Bureau of Indian Standards (BIS) hallmark and the six-digit HUID number. Additionally, inquire about making charges and the applicable 3% GST.