Gold Rates Today In India, November 3, 2026: 24K, 22K, 18K Gold Prices Jump Despite MCX Bullion Crash; Prices In Chennai, Mumbai, Delhi, Other Cities

Gold rates in India surged for the second day in a row. On November 3, 2026, the 24-carat gold price climbed up to Rs 2,700 in 100 grams, while the 22-carat and 18-carat gold rates rallied by Rs 2,500 and Rs 2,000. This is despite MCX gold price crashing by 1% and spot gold struggling near 1-year low. The global bullion market reversed from their gains in the previous session as the US midterm election takes centre stage. For physical gold rates, the upcoming Dhanteras and Diwali festivals are stirring demand. As per the expert, investors should avoid chasing a rebound and make disciplinary buying for better growth in the gold market.

24-carat gold price surged by Rs 2,700 to Rs 27 across 100 grams to 1 gram. While 22-carat climbed by Rs 2,500 to Rs 25 across grams. The price of 18-carat gold also witnessed Rs 2,000 to Rs 20 jump on November 3, 2026. The 8 grams gold stood at Rs 1,11,712 in 24-carat, while the same gold is priced at Rs 1,02,400 in 22-carat and at Rs 83,784 in 18-carat on November 3, 2026.

“Gold and silver are attempting to recover after a sharp correction in international markets. In early trading, MCX December gold futures were quoted at Rs 1,40,222 per 10 grams, up 1.25%. December silver futures stood at Rs 1,83,890 per kg, gaining 2.66%. These are early electronic-session references, not confirmed prices at the regular MCX opening bell,” said Vikram Subburaj, CEO, Giottus.com

Gold Rates Performance: What Is Impacting?

As per Subburaj, the recovery follows a steep sell-off that pushed international gold to a one-year low and silver below $50 an ounce. Spot gold rebounded to $3,954.41 an ounce on Monday, while spot silver rose to $50.64. A sharp decline in oil prices eased some inflation concerns. A softer US dollar also supported bullion by making it less expensive for buyers using other currencies.

However, the recovery follows a steep sell-off that pushed international gold to a one-year low and silver below $50 an ounce. Spot gold rebounded to $3,954.41 an ounce on Monday, while spot silver rose to $50.64. A sharp decline in oil prices eased some inflation concerns. A softer US dollar also supported bullion by making it less expensive for buyers using other currencies.

Accordingly, to Indian investors, the expert said, the immediate question is whether the recovery can hold after the regular MCX session begins. Domestic prices will also respond to the rupee-dollar exchange rate and global bullion moves. Investors should avoid chasing a sharp rebound. Staggered buying and disciplined position sizing may help manage volatility while the market searches for direction.

At present, MCX gold price dropped by nearly Rs 1,200 to trade around Rs 1.39 lakh mark after reclaiming above Rs 1.40 lakh mark yesterday. Meanwhile, spot gold dropped by nearly 1% to struggle around $3,940 per ounce, erasing its previous session’s gains and recovery from 1-year low.

Gold has faced constant pressure this year as the conflict in the Middle East drove energy prices higher and fuelled inflation, prompting central banks to raise interest rates. A global selloff in technology and AI stocks also triggered widespread liquidations, adding further pressure on precious metals markets. Meanwhile, investors are closely watching the US midterm elections, as the Trump administration and Republican Party face growing political pressure over elevated energy costs, as per Trading Economics.

Gold Rates In Top Cities

Gold is costlier in Delhi than compared to Mumbai. The 24-carat gold rate here is at Rs 13,979 per 1 gram, at Rs 1,39,790 per 10 grams, and at Rs 13,97,900 per 100 grams. Further, the 22-carat gold prices are at Rs 12,815 per 1 gram, at Rs 1,28,150 per 10 grams and at Rs 12,81,500 per 100 grams. Additionally, the 18-carat gold prices are at Rs 10,488 per 1 gram, at Rs 1,04,880 per 10 grams and at Rs 10,48,800 per 100 grams.

In the financial hub, Mumbai, the 24-carat gold rates are at Rs 13,964 per 1 gram, at Rs 1,39,640 per 10 grams and at Rs 13,96,400 per 100 grams. Also, the 22-carat gold prices are at Rs 12,800 per 1 gram, at Rs 1,28,000 per 10 grams and at Rs 12,80,000 per 100 grams. Meanwhile, 18-carat gold prices are at Rs 10,473 per 1 gram, at Rs 1,04,730 per 10 grams and at Rs 10,47,300 per 100 grams.

In the southern cities, 24-carat and 22-carat gold rates are the same; however, 18-carat gold is expensive in Chennai than compared to Bangalore and Hyderabad.

Accordingly, 24-carat gold prices are at Rs Rs 13,964 per 1 gram, at Rs 1,39,640 per 10 grams and at Rs 13,96,400 per 100 grams. Also, the 22-carat gold prices are at Rs 12,800 per 1 gram, at Rs 1,28,000 per 10 grams and at Rs 12,80,000 per 100 grams in these three cities.

18-Carat Gold Prices City-Wise

Chennai: Here, 18-carat gold price stood at Rs 10,475 per 1 gram, at Rs 1,04,750 per 10 grams and at Rs 10,47,500 per 100 grams.

Bangalore and Hyderabad: In these two cities, 18-carat gold prices are at Rs 10,473 per 1 gram, at Rs 1,04,730 per 10 grams and at Rs 10,47,300 per 100 grams.

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