On the occasion of Dhanteras, there is enthusiasm in the market for purchasing gold and silver. Before this festival, which will be celebrated on 6th November this year, investors are trying to understand which metal will be more beneficial to use their savings to buy. For some, gold is a safe medium of investment, while some people are considering it a better option considering the prospects of rise in silver. However, it would not be right to take a decision just by looking at the current price. It is also important to keep in mind the investment period, market fluctuations and possible future prices. Different estimates of experts are making this debate more interesting.
What are the current prices in the market?
On November 5, 2026, at 3:45 pm, the futures price of gold for December delivery in Multi Commodity Exchange i.e. MCX was recorded at Rs 1,44,865 for 10 grams. At the same time, silver futures trading was at the level of Rs 1,88,720 for 1 kg. According to commodity expert Anuj Gupta, the prices of both the metals may go up in the coming years. However, in the case of silver, price fluctuations are expected to be greater than that of gold. This means that along with the possibility of profit, the risk of loss can also be high.
What are the estimates regarding the price of gold?
According to the estimates given in the Mint report, by November 2027, the price of 10 grams of gold can reach around Rs 1.75 lakh. After this, this figure is expected to reach Rs 2.15 lakh in November 2029 and Rs 2.60 lakh in November 2031. If this estimate proves correct then the price of gold may increase by approximately 79.5 percent in five years as compared to the current price. However, this is a market forecast, not a guarantee of any fixed earnings. The report also predicts bullishness regarding the future of silver. According to this, the price of one kg silver can go up to Rs 2.60 lakh in November 2027. The level is estimated at Rs 3.10 lakh for November 2029 and Rs 3.50 lakh for November 2031.
Based on these data, the potential gain from silver has been estimated to be about 37.8 percent in one year, 64.3 percent in three years and 85.5 percent in five years. According to these estimates, silver may overtake gold in the long term.
What does the second expert’s assessment say?
NS Ramaswamy, Head of Commodity and CRM, Ventura, has also expressed the possibility of increase in the prices of both the metals. In his estimate, gold could be Rs 1.75 lakh per 10 grams by November 2027. It is estimated to reach Rs 1.65 lakh in November 2029 and Rs 2 lakh in November 2031.
In case of silver, his assessment is Rs 2.50 lakh per kg by November 2027, Rs 2.25 lakh by November 2029 and Rs 4 lakh by November 2031. The difference in data from different experts shows that there is no certainty about the direction of the market.
What to keep in mind while taking investment decision?
Gold is considered a better option for those seeking relatively stable investment in the long term. It has given an average annual return of 15 to 16 percent in the last 20 years. Buying by central banks and global economic uncertainty also support demand for gold. On the other hand, silver’s average earnings potential looks attractive. Its average annual return in the last 10 years has been around 16 percent and in 20 years it has been around 11 percent. But it also has a history of sharp decline in prices. Silver has fallen by more than 55 percent from the high level of January 2026.
Therefore, while shopping on Dhanteras, do not base it only on potential profits. It would be wise to take a decision according to your financial situation, investment period and risk appetite.