Gold Silver Price Today: Gold and silver prices reportedly witnessed a decline in the Indian market on Wednesday, November 4, 2026, offering some relief to people planning to purchase precious metals during the festive and wedding seasons.

According to the November 4 market report, gold recorded a modest correction across different purity categories, while silver experienced a sharper decline in both retail and futures markets.

The reported price movement comes amid fluctuations in international precious metal prices, changes in the US dollar and uncertainty surrounding global interest rates.

For buyers planning to purchase gold jewellery, coins or silver articles, checking the latest market rates is particularly important because prices can vary across cities and jewellers.

Here is a detailed look at the reported gold and silver prices for November 4, 2026.

Gold Price Today: 24K, 22K and 18K Gold Rates

According to the retail market figures cited in the report, gold prices declined across the three major purity categories.

The report indicates that 24-carat gold became cheaper by approximately ₹27 per gram compared with the previous day.

Meanwhile, 22-carat gold reportedly declined by around ₹25 per gram, while 18-carat gold fell by approximately ₹20 per gram.

These changes may appear relatively small on a per-gram basis, but they can make a noticeable difference when purchasing larger quantities of gold.

For example, a ₹27 decline per gram translates into a ₹270 reduction in the quoted metal value of 10 grams of 24-carat gold.

However, jewellery buyers must remember that making charges, GST and other applicable expenses can increase the final purchase price.

Gold Rates in Delhi, Mumbai and Chennai on November 4

Gold prices are not identical across India. Local market conditions, demand, transportation costs and jeweller-specific pricing can contribute to differences.

The following city-wise prices were mentioned in the source report.

Among these three cities, Delhi had the highest quoted 24-carat gold price in the supplied figures.

Mumbai's reported rate was slightly lower, while Chennai recorded the lowest quoted price among the three.

These are indicative figures rather than guaranteed selling prices at every jewellery shop.

Consumers should confirm the final rate with their preferred jeweller before making a purchase.

Silver Price Today: Sharp Decline Reported in Major Cities

Silver also witnessed selling pressure, with the report indicating a more substantial decline compared with gold.

The following retail silver rates were quoted for major Indian cities.

Silver prices can fluctuate significantly because the metal is influenced by both investment demand and industrial consumption.

Unlike gold, which is primarily associated with jewellery, investment and central bank reserves, silver is also used extensively in electronics, solar panels and various industrial applications.

Changes in manufacturing activity and industrial demand can therefore influence silver prices.

The report suggests that silver futures experienced a larger percentage decline than gold futures during the trading session.

MCX Gold Price: December Futures Decline

The Multi Commodity Exchange of India (MCX) is an important platform for trading gold and silver futures.

According to the supplied market update, December gold futures were trading at approximately ₹1,38,941 per 10 grams during the morning session on November 4.

This represented a reported decline of ₹1,245, or approximately 0.89%.

A subsequent update quoted gold futures at around ₹1,38,869 per 10 grams.

These figures reflect futures market quotations at different points during trading.

Futures prices should not be confused with the retail prices charged by jewellery shops.

The two can differ because of contract specifications, delivery dates, market timing and additional retail charges.

MCX Silver Price: Futures Fall More Than 2%

Silver futures reportedly experienced a sharper correction during the November 4 trading session.

According to the report, December silver futures initially traded near ₹1,79,900 per kilogram, representing a decline of approximately 2.11%.

A later market update placed silver futures at around ₹1,78,708 per kilogram, with the decline widening to approximately 2.76%.

The figures suggest that silver faced stronger selling pressure than gold during the reported period.

However, commodity prices can change rapidly throughout a trading session.

Investors should therefore verify current MCX quotations before making trading decisions.

Why Are Gold and Silver Prices Falling?

Precious metal prices are influenced by several domestic and international developments.

One important factor is the movement of the US dollar.

Because gold and silver are internationally traded in dollars, changes in the currency's value can influence demand and prices in global markets.

Interest rate expectations also play an important role.

When investors anticipate higher interest rates, non-interest-bearing assets such as gold may become relatively less attractive compared with certain fixed-income investments.

On the other hand, expectations of lower interest rates can sometimes support demand for precious metals.

Global economic conditions, geopolitical developments and investor sentiment also influence market movements.

Profit booking is another possible reason for short-term corrections.

When prices rise substantially, some investors may sell their holdings to realise gains, temporarily increasing selling pressure.

Silver can experience additional volatility because of changing industrial demand.

However, the precise reason for a particular day's price movement cannot be established from price changes alone.

Is This a Good Time to Buy Gold for Weddings or Festivals?

A decline in gold prices may attract buyers who have been waiting for a more affordable entry point.

However, consumers should avoid making purchasing decisions solely because prices have fallen during one trading session.

Gold prices can rise or decline further depending on international market conditions.

People buying jewellery for weddings or family occasions should focus on their budget, preferred design, purity and total purchase cost.

For those purchasing gold as an investment, factors such as investment horizon, liquidity and risk tolerance are also important.

A short-term price correction does not guarantee that prices have reached their lowest level.

Important Things to Check Before Buying Gold or Silver

Before purchasing precious metals, consumers should consider the following precautions:

• Check the latest local price: Compare rates from reliable sources and authorised jewellers.
• Verify gold purity: Look for applicable BIS hallmarking details and confirm the purity grade.
• Compare making charges: Jewellery-making charges can vary considerably between designs and retailers.
• Understand the final bill: GST and other applicable charges may increase the total amount payable.
• Choose the appropriate purity: 22-carat gold is commonly used for jewellery, while 24-carat gold is generally preferred for investment bars and coins.
• Check silver purity and weight: Confirm the metal's specifications before purchasing silver jewellery, coins or utensils.
• Avoid impulsive investment decisions: Consider longer-term objectives rather than reacting to a single day's market movement.

Difference Between 24K, 22K and 18K Gold

Understanding gold purity can help consumers select the right product.

24-carat gold is approximately 99.9% pure and is commonly used for investment products such as gold bars and coins.

22-carat gold contains approximately 91.6% gold, with the remaining portion consisting of other metals. It is widely used in traditional jewellery.

18-carat gold contains 75% gold and is often used in jewellery that requires additional strength or intricate designs.

The appropriate purity depends on whether the buyer prioritises investment value, durability or jewellery design.

Conclusion

Gold and silver prices reportedly moved lower on November 4, 2026, with silver recording a sharper decline in the futures market.

The supplied retail figures placed 24-carat gold at approximately ₹1,39,640 per 10 grams, 22-carat gold at ₹1,28,000 and 18-carat gold at ₹1,04,730.

Meanwhile, silver prices in Delhi, Mumbai and Chennai were quoted at around ₹1.85 lakh per kilogram.

Although the correction may interest festive-season shoppers and investors, consumers should compare prices, verify purity and account for additional charges before making a purchase.