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Gold, silver rates today, November 3: Prices fall ahead of Dhanteras, Diwali; Check 22K, 24K gold rates in your city
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3 min read | Updated on November 03, 2026, 15:03 IST
SUMMARY
Check gold and silver rates today, November 3, across major Indian cities. MCX gold falls 1.17% and silver drops 3.2% ahead of Dhanteras.
Gold and silver have seen considerable price swings in recent sessions.
Gold and silver prices declined in the domestic futures market on Tuesday, November 3. MCX gold futures were trading at ₹1,38,552 per 10 grams, down ₹1,634 or 1.17%, while silver futures fell ₹5,878 or 3.2% to ₹1,77,901 per kg at the time of writing.
The price movement comes just days before Dhanteras on November 6 and Diwali on November 8, when many households traditionally buy gold and silver jewellery, coins and other precious metal items. Festive demand could influence bullion market activity in the coming sessions.
Gold rate today: MCX gold prices
MCX gold futures for December 4 delivery were trading at ₹1,38,552 per 10 grams, down ₹1,634 or 1.17% from the previous close of ₹1,40,186.
The contract recorded an average price of ₹1,38,910.49 during the session. Its trading range stood between ₹1,38,030 and ₹1,39,421.
Silver rate today: MCX silver prices
MCX silver futures for December 4 delivery declined by ₹5,878 or 3.2% to ₹1,77,901 per kg. The previous closing price was ₹1,83,779.
The contract recorded an average price of ₹1,79,051.88, while its trading range was between ₹1,77,579 and ₹1,82,887.
Gold rates today in India
City-wise gold rates today (per 10 grams)
| City | 24K Gold (per 10g) | 22K Gold (per 10g) |
|---|---|---|
| Bangalore | ₹1,39,530.00 | ₹1,27,910.00 |
| Bhubaneswar | ₹1,39,380.00 | ₹1,27,760.00 |
| Chennai | ₹1,39,530.00 | ₹1,27,910.00 |
| Coimbatore | ₹1,39,530.00 | ₹1,27,910.00 |
| Delhi | ₹1,39,530.00 | ₹1,27,910.00 |
| Hyderabad | ₹1,39,380.00 | ₹1,27,760.00 |
| Kolkata | ₹1,39,380.00 | ₹1,27,760.00 |
| Mumbai | ₹1,39,380.00 | ₹1,27,760.00 |
| Mysore | ₹1,39,530.00 | ₹1,27,910.00 |
| Pune | ₹1,39,380.00 | ₹1,27,760.00 |
Silver rates today in India
City-wise silver rates today (per 100 grams)
| City | Silver Rate (per 100g) |
|---|---|
| Bangalore | ₹21,190.00 |
| Bhubaneswar | ₹21,290.00 |
| Chennai | ₹21,790.00 |
| Coimbatore | ₹21,790.00 |
| Delhi | ₹21,690.00 |
| Hyderabad | ₹21,590.00 |
| Kolkata | ₹21,190.00 |
| Mumbai | ₹21,590.00 |
| Mysore | ₹21,190.00 |
| Pune | ₹21,590.00 |
Why are gold and silver prices volatile?
Gold and silver have seen considerable price swings in recent sessions. According to the World Gold Council's Weekly Markets Monitor dated November 2, changing expectations around the US Federal Reserve's interest-rate outlook and selling by leveraged investors contributed to the weakness. Silver has faced greater pressure.
The US dollar, bond yields, interest-rate expectations and geopolitical developments will remain important factors influencing precious metal prices.
India's gold demand falls 29% in July-September quarter
The decline came amid higher gold prices, increased import duty and changing consumer buying patterns. However, the value of gold demand increased 3% to ₹2,41,900 crore from ₹2,35,090 crore a year earlier.
Jewellery demand fell 20% to 99.9 tonnes, while demand for gold bars and coins dropped 40% to 55 tonnes. Gold ETF demand also declined 50% to 5.3 tonnes.
The upcoming festive and wedding season could provide support, although elevated prices may encourage consumers to opt for lighter jewellery and exchange-led purchases.
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