After Diwali, Delhi gold eases as buyers pause

Delhi's bullion trade has exhaled. After the Dhanteras and Diwali rush, gold in the national capital eased on Tuesday, November 10, and traders put the pause down to weak global cues and quieter festive buying rather than any change in the city's appetite for gold.

PTI reported the close on November 10. Gold of 99.9 percent purity fell by Rs 500 to Rs 1,46,400 per 10 grams in the national capital, inclusive of taxes, after closing at Rs 1,46,900 on Monday. Silver held steady for a second straight session at Rs 1,92,500 per kilogram, also inclusive of taxes, according to local traders. Those are the trade's reported closing figures for that day, not a shop quote for today, and the live rate is on our Delhi page.

Traders said the domestic market followed weakness in international bullion, with a steady US dollar adding pressure. In global trade, spot gold fell 27.59 dollars, nearly 1 percent, to 4,113.55 dollars an ounce, and silver dropped over 1 percent to 52.77 dollars an ounce. Akshat Siddhant, lead quant analyst at Mudrex, was quoted saying gold is holding near 4,100 dollars an ounce after rising 1 percent in the previous session, as falling oil prices eased inflation concerns ahead of US inflation data. Analysts, PTI added, are watching crude prices and the dollar for gold's next direction, along with what the US data suggests about interest rates.

For Delhi, the local reading is simpler. Subdued buying during the Diwali period itself limited support for prices, traders said. A softer close after the festival is the market breathing out, not a forecast.

Buyer takeaway: Do not chase a one day fall or fear a one day rise. If you are buying in Delhi this week, compare the day's rate and making charges at two counters, confirm the purity and BIS hallmark with HUID, and check today's live rate on our Delhi page first.

Source: PTI via The Sen Times, 10 Nov 2026