Gold silver prices today witnessed a sharp rise on November 9, 2026, even after the celebrations of Dhanteras and Diwali ended.
Gold prices jumped by Rs 1,360 per 10 grams on the Multi Commodity Exchange (MCX), while silver became costlier by Rs 3,327 per kg during early trading.
The fresh rally has caught the attention of jewellery buyers and investors who were expecting some relief after the festive season.
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Both precious metals gained in domestic futures trading as international market movements and changing global economic expectations supported prices.
Gold Silver Prices Today on MCX
On Monday morning, gold futures on MCX were trading at Rs 1,43,880 per 10 grams, recording a gain of approximately 0.93%. The price had increased by Rs 1,360 during early trading.
Silver futures also recorded a significant jump. The metal gained Rs 3,327 per kg, rising approximately 1.75% to Rs 1,88,338 per kg around 9:30 am.
These are futures market prices, and they can change throughout the trading session. Retail jewellery prices may differ because of local taxes, GST and making charges.
Gold and Silver Rates in Major Cities
The prices of gold and silver also varied across major Indian cities on November 9.
The reported rates were:
Delhi:
24-carat gold: Rs 1,43,910 per 10 grams
22-carat gold: Rs 1,31,918 per 10 grams
Silver: Rs 1,88,370 per kg
Mumbai:24-carat gold: Rs 1,44,160 per 10 grams
22-carat gold: Rs 1,32,147 per 10 grams
Silver: Rs 1,88,700 per kg
Bengaluru:
24-carat gold: Rs 1,44,270 per 10 grams
22-carat gold: Rs 1,32,248 per 10 grams
Silver: Rs 1,88,850 per kg
The rates are indicative market figures and may differ from the final prices charged by local jewellers. Buyers should confirm the latest rates before purchasing jewellery or bullion.
Why Are Gold and Silver Prices Rising After Diwali?
The latest increase comes amid changing expectations about global inflation, interest rates and geopolitical developments.
One factor supporting precious metals is the possibility of reduced geopolitical tensions involving the United States and Iran.
Expectations of progress towards resolving the conflict have influenced crude oil prices and market sentiment.
Lower crude oil prices can ease concerns about inflation.
This may reduce expectations of higher interest rates, making gold more attractive because it does not provide regular interest income.
A weaker US dollar has also supported international gold prices. When the dollar loses strength, gold becomes relatively cheaper for buyers using other currencies, potentially increasing demand.
Internationally, gold prices rose by more than 1.6% to around $4,129 per ounce, while silver gained approximately 2.8% to $53.31 per ounce during the reported trading period.
Gold and Silver Still Below Their Record Highs
Despite the latest recovery, both precious metals remain significantly below their previous record levels.
Gold reached an MCX record of Rs 1,93,096 per 10 grams on January 29, 2026. At the November 9 early trading level, it was still approximately Rs 49,000 below that peak.
Silver had previously touched an all-time high of Rs 4,20,048 per kg on MCX. Its latest futures price of Rs 1,88,338 per kg remains considerably lower.
This shows that the recent increase is a recovery in prices rather than a return to their earlier record levels.
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What Could Decide Gold and Silver Prices Next?
Investors will be closely watching upcoming US inflation data and developments in global financial markets.
The US Consumer Price Index (CPI) and Producer Price Index (PPI) figures are important because they can influence expectations about the Federal Reserve’s interest rate decisions.
Higher-than-expected inflation could strengthen the dollar and put pressure on gold and silver. On the other hand, softer inflation figures could increase expectations of lower interest rates and provide further support to precious metals.
For jewellery buyers, the latest rally is a reminder that gold and silver prices can change quickly, even after major festivals.
Anyone planning a purchase should check the prevailing local rate rather than relying only on the previous day’s price.
