Gold Hits Rs 1.48 Lakh in Delhi Before Dhanteras 2026: What Buyers Need to Know

Gold in Delhi now costs Rs 1,48,800 for 10 grams. It jumped Rs 2,200 in one day, the day before Dhanteras. If you planned to buy gold for the festival, this hits your wallet directly. Here is the exact price, why it rose so fast, and what it means for you. I checked the figures against real sources.

> **A quick note:** prices here come from the All India Sarafa Association and Reuters, as reported on 5 November 2026. Confirm the live rate with your jeweller before you pay.

## In This Post

– The Delhi Price
– Why It Jumped
– The Global Forces
– Last Year Compared
– What It Means for Buyers
– What Happens Next
– FAQs
– Final Thoughts

## The Delhi Price Right Now

Gold of 99.9 per cent purity — 24-carat gold — rose to **Rs 1,48,800 per 10 grams** in Delhi on Thursday, 5 November 2026. The price includes all taxes. It rose by **Rs 2,200** from Wednesday’s close of Rs 1,46,600. The **All India Sarafa Association** reported the figures, via PTI in Deccan Herald and Moneycontrol. Silver rose too, climbing **Rs 1,500 to Rs 1,94,500 per kg**, also including all taxes.

You may see a different number elsewhere. Some trackers quoted 24-carat gold near **Rs 1,42,960 per 10 grams** in Delhi on the same day. The Sarafa figure includes taxes, while the lower figure is an indicative rate before 3 per cent GST and making charges.

## Why Gold Jumped in Two Days

Traders told PTI that buying gathered pace as jewellers, retailers and stockists stepped up purchases ahead of **Dhanteras on Friday, 6 November**. Dhanteras is an auspicious day to buy precious metals, and Diwali follows on Sunday. Investment demand added to the festive rush. The move was sharp. On the MCX, gold stood at **Rs 1,38,000 per 10 grams on 3 November** and reached **Rs 1,45,770 on 5 November**, according to India TV — a rise of **Rs 7,770 in just two days**.

## The Global Forces Behind the Rise

Global prices back it up. **Spot gold climbed nearly 2 per cent to $4,125.25 per ounce**, crossing the $4,100 mark, according to the PTI report. Reuters put spot gold at **$4,124.89 per ounce**, after it touched **$4,146.63** — its highest level since 20 October.

Reuters named three forces behind the rise. First, the **US dollar weakened** to its lowest level in more than a month, which makes gold cheaper for buyers holding other currencies. Second, **US Treasury yields fell**, with the 10-year yield near a two-month low. Third, hopes grew for an end to the US-Iran conflict after the Democrats’ gains in the US midterm elections, and that pushed oil prices down: [Democrats Sweep Congress in 2026 US Midterms](https://caawnews.com/democrats-sweep-congress-2026-us-midterms-results/). Cheaper oil eased inflation worries and helped stocks surge: [Brent Crude Below $94](https://caawnews.com/brent-crude-below-94-november-2026-oil-price-fall/) and [Big Tech Stocks Jump](https://caawnews.com/big-tech-stocks-jump-ai-spending-slowdown-november-2026/). Central-bank buying was not cited as a driver of this rally, so that is **not confirmed**.

## How Today Compares With Last Year

On Dhanteras last year, celebrated on 18 October, gold cost **Rs 1,32,400 per 10 grams** in Delhi. Today it costs Rs 1,48,800 — a rise of around **13 per cent in about a year**, according to Dhruv Joglekar of Monarch PMS, quoted by PTI. Silver has risen more: it cost Rs 1.7 lakh per kg last Dhanteras and now stands at Rs 1,94,500.

But gold is still far below its recent peak. On **29 January 2026**, Delhi gold hit a record **Rs 1,83,000 per 10 grams**. From that peak, the price has fallen about **19 per cent**.

Jewellers still expect a busy Dhanteras. Rajesh Rokde of the **All India Gem and Jewellery Domestic Council** told PTI that sales should grow by **20 to 30 per cent in value terms**, while volumes stay near last year’s levels. People may buy the same weight of gold but pay much more for it.

## What This Means for Buyers

Should you still buy today? I cannot answer that for you. But here is what the facts mean.

First, **budget for more than the headline rate**. Jewellery also carries making charges, so a simple coin gives you more gold per rupee than a heavy necklace.

Second, **check the rate before you pay**. Prices moved Rs 7,770 in two days, so ask for the day’s rate, the GST break-up and the making charges in writing.

Third, **remember gold is not the only asset moving**. The Bank of England raised its rate to 4 per cent on 5 November: [Bank of England Raises Rates to 4%](https://caawnews.com/bank-of-england-raises-rates-4-percent-november-2026/). Bitcoin also crossed $80,000 this week: [Bitcoin Back Above $80,000](https://caawnews.com/bitcoin-back-above-80000-november-2026/). A calm decision beats a rushed one.

Fourth, **do not panic-buy in the rush**. A small coin bought early in the day keeps the tradition alive without a long queue.

## What Could Happen Next

Nobody knows where gold goes next. But Linh Tran of XS.com told Reuters that if gold holds above $4,000 an ounce, it could rally towards **$4,200 and then $4,400 per ounce**. If the US-Iran hopes fade, oil could rise again and gold could cool.

## Frequently Asked Questions

### What is the gold price in Delhi today?

On 5 November 2026, 24-carat gold cost **Rs 1,48,800 per 10 grams** in Delhi, including all taxes, according to the All India Sarafa Association.

### When is Dhanteras in 2026?

Dhanteras falls on **Friday, 6 November 2026**. It starts the Diwali festival, with Diwali following on Sunday. Buying gold and silver on Dhanteras is seen as auspicious.

### Why did gold prices rise before Dhanteras?

Jewellers bought heavily ahead of the festival, and global spot gold rose nearly 2 per cent to about $4,125 per ounce. Reuters linked that rise to a weaker dollar, falling Treasury yields and hopes of easing US-Iran tensions.

### How much has gold risen in the last year?

Gold cost Rs 1,32,400 per 10 grams on Dhanteras last year. At Rs 1,48,800, it is up around **13 per cent** in about a year — yet still about 19 per cent below its record of Rs 1,83,000 on 29 January 2026.

### What is the silver price in Delhi?

Silver rose Rs 1,500 to **Rs 1,94,500 per kg** on 5 November 2026, including all taxes. Last Dhanteras it cost about Rs 1.7 lakh per kg.

## Final Thoughts

The price is high, yet the shops are still full. People are not buying because gold is cheap. They are buying because the day matters to them. Those reasons do not fit in a price chart.

So if you buy gold today, buy it for your reason, not for someone else’s panic. Check the rate, read the bill, and keep the receipt safe. Happy Dhanteras to you and your family.