Gold Rate Today, November 2, 2026: Gold and silver prices witnessed a recovery in domestic markets on Monday after experiencing a sharp sell-off in the previous trading session. Investors are closely watching international bullion prices, US inflation data, Federal Reserve interest-rate expectations and movements in the US dollar to understand where precious metals could head next.
The latest movement has once again brought gold and silver into focus for Indian investors and jewellery buyers. Whether you are planning to purchase jewellery, invest in gold coins, track MCX gold futures or monitor silver prices, understanding the latest market movement is important.
If you are searching for gold rate today, today gold rate, gold price today 22 carat, 22K gold price today or today silver price, here is a city-wise breakdown of the latest available rates.
Gold Rate Today in India – November 2, 2026
According to retail market data published by Mint on November 2, gold prices varied slightly across major Indian cities.
| City | 24K Gold (10g) | 22K Gold (10g) |
|---|---|---|
| Delhi | ₹1,38,900 | ₹1,27,325 |
| Mumbai | ₹1,38,990 | ₹1,27,408 |
| Bangalore | ₹1,39,100 | ₹1,27,508 |
| Chennai | ₹1,39,460 | ₹1,27,838 |
| Hyderabad | ₹1,39,210 | ₹1,27,673 |
| Kolkata | ₹1,38,810 | ₹1,27,643 |
Source: Livemint, November 2, 2026. These are indicative retail reference prices, not guaranteed jeweller quotes. Prices may change during the day.
Gold Rate Today 18 Carat, 22 Carat and 24 Carat: What’s the Difference?
Gold is available in different purity levels, and the price depends largely on the amount of pure gold present in the jewellery or bullion.
24 Carat Gold: This is approximately 99.9% pure gold. It is commonly used for gold bars and investment coins because of its high purity. However, it is relatively soft for everyday jewellery.
22 Carat Gold: Containing approximately 91.67% gold, 22K gold is widely used for jewellery in India. It offers a balance between purity and durability.
18 Carat Gold: Containing 75% pure gold, 18K gold is commonly used in diamond jewellery and contemporary designs. It is stronger than 22K gold and suitable for settings that require additional durability.
The 18K reference price can be estimated at approximately 75% of the 24K price, although actual retail quotes depend on the jeweller and applicable charges.
Today Gold Rate Bangalore, Chennai, Hyderabad and Kolkata
Gold prices can differ across Indian cities due to transportation costs, local taxes, logistics, demand and jeweller pricing.
Gold Rate Today Bangalore
The gold rate today in Bangalore for 24K gold was approximately ₹1,39,100 per 10 grams, while 22K gold was around ₹1,27,508.
Buyers searching for today’s gold rate Bangalore should also compare jewellery making charges before purchasing.
Today Gold Rate Chennai
Chennai recorded a 24K gold rate of approximately ₹1,39,460 per 10 grams, with 22K gold at ₹1,27,838.
The gold rate today Chennai is particularly important for jewellery buyers, as the city has a strong traditional gold jewellery market.
Gold Rate Today Hyderabad
The gold price in Hyderabad stood at approximately ₹1,39,210 for 24K gold and ₹1,27,673 for 22K gold per 10 grams.
Gold Rate Today Kolkata
The gold rate today Kolkata was approximately ₹1,38,810 for 24K gold and ₹1,27,643 for 22K gold per 10 grams.
Gold Price Today Delhi and Mumbai
In Delhi, 24K gold was approximately ₹1,38,900 per 10 grams, while Mumbai recorded approximately ₹1,38,990.
For buyers comparing gold prices today, checking the final invoice is just as important as checking the advertised rate.
Today Silver Price: Silver Rate Today in India
Silver has also experienced considerable volatility alongside gold.
According to the November 2 retail price data, the indicative 999-purity silver rates were:
| City | Silver Rate Per Kg |
|---|---|
| Delhi | ₹1,81,610 |
| Mumbai | ₹1,81,930 |
| Bangalore | ₹1,82,080 |
| Chennai | ₹1,82,320 |
| Hyderabad | ₹1,82,080 |
| Kolkata | ₹1,81,690 |
Silver prices are influenced by both investment demand and industrial consumption. Unlike gold, silver has significant applications in solar panels, electronics, electric vehicles and other industrial products.
This makes silver particularly sensitive to changes in global manufacturing demand.
Gold and Silver Prices Today: Why Did Precious Metals Rebound?
Gold and silver have been experiencing heightened volatility as investors reassess the global interest-rate outlook.
Recent US inflation data has strengthened concerns that the Federal Reserve may keep interest rates higher for longer.
Higher interest rates can put pressure on gold because the metal does not generate interest or dividends. When investors can earn attractive returns from interest-bearing assets, the opportunity cost of holding gold increases.
However, gold also benefits from several factors:
- Geopolitical uncertainty and safe-haven demand.
- Central bank gold purchases.
- Weakness in the US dollar.
- Expectations of future interest-rate cuts.
- Inflation concerns and currency uncertainty.
According to market reports on November 2, international gold and silver prices attempted a recovery after their previous session’s sharp decline.
The recovery, however, does not necessarily mean the correction is over. Investors should watch whether prices can sustain their gains.
MCX Gold Rate Today: What Are the Latest Futures Prices?
The Multi Commodity Exchange (MCX) is one of India’s major platforms for trading commodity futures.
On November 2, MCX gold futures were trading approximately 0.40% higher at ₹1,39,400 per 10 grams during the morning session.
Meanwhile, MCX silver futures were trading approximately 1.15% higher at ₹1,82,250 per kilogram.
These were reported morning-session figures and should not be treated as live prices throughout the trading day.
Why Should Investors Track MCX Gold?
MCX prices provide an important indication of domestic commodity market sentiment.
Traders generally monitor:
- Gold futures price movements.
- Silver futures and trading volumes.
- International COMEX gold prices.
- US Dollar Index movements.
- Bond yields and Federal Reserve expectations.
- Support and resistance levels.
For short-term traders, price action, volume and open interest can help provide additional context when evaluating market direction.
Tanishq Gold Rate Today vs Malabar Gold Rate
Many jewellery buyers search for the Tanishq gold rate and Malabar Gold rate before visiting a showroom.
However, the gold rate quoted by jewellery brands may differ from general bullion market prices.
Tanishq, Malabar Gold & Diamonds and other jewellery retailers may have different pricing structures depending on location, product category and applicable offers.
Before purchasing, compare:
- Today’s gold rate per gram.
- Purity of the jewellery.
- Making charges.
- Wastage charges, if applicable.
- GST and other applicable taxes.
- Buyback and exchange policies.
Do not compare jewellery prices using the gold rate alone. The final invoice determines how much you actually pay.
Should You Buy Gold or Silver After the Recent Fall?
The recent correction and subsequent recovery have created uncertainty for investors.
Before making an investment decision, it is important to understand your investment horizon.
For long-term investors: Gold can be considered as part of a diversified portfolio. However, investing the entire amount at one price level can increase timing risk.
For short-term traders: MCX gold and silver futures can offer trading opportunities, but volatility and leverage can magnify losses.
For jewellery buyers: A sharp fall in gold prices may create an opportunity, but buyers should compare rates across multiple jewellers and account for making charges.
Silver investors should also remember that industrial demand plays a significant role in determining its long-term price trajectory.
There is no guarantee that gold or silver will immediately recover from a correction.
What Should Investors Watch Next?
The direction of gold and silver prices will depend on several important global developments.
Here are five factors worth monitoring:
- US Federal Reserve: Any change in interest-rate expectations can influence precious metal prices.
- US Dollar: A stronger dollar can create pressure on internationally traded gold.
- Inflation: Persistent inflation can influence demand for precious metals.
- Geopolitical developments: Uncertainty can increase safe-haven demand.
- Industrial demand: Silver prices can react strongly to changes in manufacturing and renewable energy demand.
For Indian investors, currency movements and import-related costs also play an important role in determining domestic bullion prices.
Frequently Asked Questions (FAQs)
1. What is the gold rate today in India?
On November 2, 2026, indicative retail prices varied by city. In Delhi, 24K gold was approximately ₹1,38,900 per 10 grams and 22K gold was approximately ₹1,27,325.
2. What is the gold price today 22 carat?
The 22K gold rate varied across cities. It was approximately ₹1,27,325 per 10 grams in Delhi and ₹1,27,838 in Chennai.
3. What is the gold rate today 18 carat?
18K gold contains 75% pure gold. Its indicative reference price can be estimated using the 24K rate, but jeweller quotations may vary.
4. Why is the gold rate different in Chennai and Bangalore?
Local taxes, transportation costs, logistics, market conditions and jeweller pricing can contribute to differences in gold rates between cities.
5. What is the MCX gold rate today?
MCX gold futures were trading around ₹1,39,400 per 10 grams during the morning session on November 2, 2026.
6. Why is silver more volatile than gold?
Silver has both investment and industrial demand. Changes in manufacturing activity, technology demand and investor sentiment can cause significant price movements.
7. Is it better to invest in gold or silver?
Both have different characteristics. Gold is widely viewed as a store of value, while silver has additional exposure to industrial demand. The appropriate allocation depends on an investor’s financial goals and risk tolerance.
Disclaimer: Gold and silver prices are indicative and subject to change. Actual jewellery rates may vary by city, jeweller, purity and additional charges. MCX futures prices are market quotations and involve trading risk. This article is for informational and educational purposes only and should not be considered investment advice.
Published by: 9AM Traders Academy