Gold Rate Today: No IBJA AM Benchmark on 9 November 2026; Latest 24K Rate ₹1,41,023 per 10g

Key Takeaways

• IBJA officially scheduled no AM or PM gold and silver rates for 9 November 2026, so there is no valid IBJA AM benchmark for the date.
• The latest valid IBJA 999-purity AM gold rate is ₹1,41,023 per 10 grams, recorded on 6 November 2026.
• The 6 November 999-gold AM benchmark was ₹2,927, or 2.03%, below the 5 November AM rate of ₹1,43,950 per 10 grams.
• The latest valid silver 999 AM rate is ₹1,81,863 per kg, down ₹6,019, or 3.20%, from ₹1,87,882 per kg on 5 November.

Introduction

There is no IBJA AM gold benchmark for 9 November 2026.

IBJA's official 2026 holiday schedule specifically states that AM and PM rates will not be declared on 9 November due to market closure for its benchmark-setting process, even though the commodity exchange remains open.

As a result, an MCX futures price, local jewellery rate, international spot price or another bullion benchmark should not be substituted for the prescribed IBJA AM benchmark.

The latest valid IBJA AM reading is therefore ₹1,41,023 per 10 grams for 999-purity gold on 6 November 2026. This was ₹2,927 lower than the 5 November AM benchmark of ₹1,43,950, equivalent to a like-for-like decline of approximately 2.03%.

Gold Rates Table

IBJA specifies that its gold rates are quoted per 10 grams and silver rates per kilogram. The benchmark rates exclude GST and making charges.

Latest Valid Like-for-Like AM Comparison

Because no 9 November fixing exists, the latest available AM-to-AM comparison is between 6 November and 5 November.

How Much Did Gold Rise or Fall Today?

An official day-on-day IBJA change cannot be calculated for 9 November, because no AM benchmark was declared.

The correct comparison is therefore not to take another market's price and label it as the IBJA gold rate. The latest valid like-for-like movement remains the change from the 5 November AM fixing to the 6 November AM fixing, when 999 gold declined by ₹2,927 per 10 grams, or 2.03%.

Silver 999 declined by ₹6,019 per kg, or 3.20%, over the same two AM benchmarks.

What Is Driving Gold Prices?

Although there is no domestic IBJA fixing for 9 November, international bullion markets remained active.

In early international trade, Reuters reported spot gold at $4,129.69 per ounce at 02:20 GMT, up 1.6%, while December US gold futures were at $4,139. The move coincided with softer crude prices and a modestly weaker US dollar as markets assessed inflation and monetary-policy expectations.

Lower energy prices can reduce some inflation pressure, while movements in the US dollar and bond yields affect the relative opportunity cost and local-currency cost of gold. These are transmission mechanisms rather than guarantees of any subsequent price direction.

What Can Changes in Gold Prices Mean for Indian Markets?

Jewellery Companies

Gold is a major raw material and inventory item for jewellery businesses. A higher gold price increases the rupee value of a given quantity of inventory and can raise working-capital requirements.

Companies may use hedging and inventory-management practices to manage bullion-price exposure. The degree to which raw-material movements are reflected in retail prices varies across businesses and products.

Consumer Demand

For consumers, the mechanism is straightforward: if the price per gram rises, the rupee cost of buying a fixed quantity of gold increases before taxes and making charges.

Conversely, a lower benchmark reduces the metal value of the same fixed quantity, all else being equal.

Gold Imports

India imports a significant portion of its gold requirement. For unchanged import volumes, a higher international gold price or a weaker rupee increases the value of the import bill.

This can also affect foreign-currency demand and the external balance, although the eventual impact depends on import volumes and broader trade flows.

Gold-Loan Businesses

Changes in gold prices affect the market value of jewellery used as collateral.

When collateral values change, the rupee value associated with a given loan-to-value ratio also changes. Actual lending remains subject to regulatory requirements and individual lenders' policies.

Broader Markets

Gold is also monitored alongside the dollar, bond yields, inflation expectations and geopolitical developments. These relationships can change over time and should not be interpreted as a mechanical signal for equity-market direction.