Buying precious metals like gold and silver on the auspicious occasion of Dhanteras is considered highly auspicious in Indian traditions. This year, Dhanteras falls on November 6, 2026. That's why, if you're planning to purchase 10 grams of gold or 1 kilogram of silver, it becomes essential to understand which metal's price is expected to rise more over the next 1, 3, and 5 years, and where you should ideally invest your hard-earned money.
Current Prices Of Gold And Silver In Markets
On November 5, 2026, at 3:45 PM, the December 2026 gold futures contract on the Multi Commodity Exchange (MCX) was trading at 1,44,865 rupees for 10 grams. Meanwhile, the silver futures contract was trading at 1,88,720 rupees for 1 kilogram. Renowned commodity expert Anuj Gupta states that prices of both precious metals are expected to increase in the coming years. However, he believes that silver prices will witness Notably higher volatility compared to gold.
How Much More Expensive Can Gold Get In 5 Years
According to a report by Mint, by the end of the next year, which is November 2027, gold prices could reach up to 1,75,000 rupees per 10 grams. By November 2029, its price could touch 2,15,000 rupees, and by November 2031, it may go up to 2,60,000 rupees. 5% over the next 5 years.
Expectation Of Higher Price Surges In Silver
The report further claims that by November 2027, the price of silver could reach 2,60,000 rupees for 1 kilogram. Also, by November 2029, its price could rise to 3,10,000 rupees, and by November 2031, it could climb up to 3,50,000 rupees. 5% in 5 years. However, these are merely estimates, and actual market prices may vary.
What Other Commodity Experts Have Predicted
The Mint report also highlights projections by NS Ramaswamy, Head of Commodities and CRM at Ventura, pointing towards a continuous upward trend in gold and silver prices, while according to him, gold prices could reach 1,75,000 rupees per 10 grams in the next one year. Following that, by November 2029, it could dip slightly to 1,65,000 rupees, and by November 2031, it could reach 2,00,000 rupees. On the other hand, silver prices are projected to touch 2,50,000 rupees per kilogram by November 2027, 2,25,000 rupees by November 2029, and soar up to 4,00,000 rupees by November 2031.
Should You Buy Gold Or Silver On Dhanteras
Market experts suggest that if you're looking to invest for the long term, gold can be a much better and safer option. Over the past 20 years, gold has delivered an average annual return of 15% to 16%. Central banks across the world are continuously increasing their gold reserves, while On top of that, growing geopolitical tensions and rising government debt concerns globally are driving more investors toward gold.
On the other hand, silver offers higher earning potential, but it also carries Importantly higher risks. Over the past 10 years, silver has given an average annual return of about 16%, and roughly 11% over the past 20 years. However, following sharp rallies, silver prices have frequently witnessed steep corrections. Its price has fallen more than 55% from its record peak recorded in January 2026, a factor investors must carefully consider before investing.