Gold rates and silver rates in India are under pressure Wednesday, November 4, 2026, amidst a mixed trend in the global bullion market despite the Democrats’ victory in the US midterm election. MCX gold falls marginally to trade around Rs 1,39,284 after hitting an intraday low of Rs 1,39,177 per 10 grams. Meanwhile, MCX silver crashed sharply by 1% to trade below Rs 1,77,800 per 1Kg. In the early trade, spot gold surged above $3,964 per ounce but has corrected to trade below $3,940 per ounce currently. Meanwhile, Spot Silver also pulled back from gaining momentum to trade in red and below $50 per ounce.
Meanwhile, crude oil prices have recorded a steep correction, with US WTI crude oil falling by 1% to trade around $95.5 per barrel and Brent Crude marginally lower to trade around $103 per barrel.
Oil reversed earlier gains after President Donald Trump said the US would end its $4 billion aid programme to Israel by year-end. Meanwhile, US Energy Secretary Chris Wright said overnight strikes on Iran’s Qeshm Island had not disrupted regional oil supplies. Lower oil prices could ease inflationary pressures and reduce expectations of further central bank rate hikes, as per Trading Economics.
Furthermore, market believes there is 75% chance for US Federal Reserve’s to hike rates in December policy.
Additionally, the World Gold Council has trimmed its forecast for gold investment growth this year to 200 metric tons from 400 tons, while raising its estimate for central bank purchases.
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Nov 04, 2026, 12:18 pm IST
Live Gold Rates Today: 18 Carat Gold Price In Chennai vs Mumbai, Hyderabad, Bangalore
In Chennai, 18-carat gold rates are at Rs 10,495 per 1 gram, at Rs 1,04,950 per 10 grams and at Rs 10,49,500 per 100 grams. In Mumbai, Bangalore and Hyderabad, 18-carat gold prices stood at Rs 10,493 per 1 gram, at Rs 1,04,930 per 10 grams and at Rs 10,49,300 per 100 grams. Hence, the difference is by Rs 2 to Rs 200 between them.
Nov 04, 2026, 12:18 pm IST
Live Gold Rates Today: Gold Rates In Mumbai vs Gold Rates In Chennai vs Gold Rates In Hyderabad vs Gold Rates In Bangalore
The 999 purity and 916 purity gold which are also called as 24-carat and 22-carat, are similar in these cities. However, 18-carat gold prices are higher in Chennai than compared to Bangalore, Mumbai, and Hyderabad. Accordingly, 24-carat prices are at Rs 13,991 per 1 gram, at Rs 1,39,910 per 10 grams and at Rs 13,99,100 per 100 grams. Further, 22-carat gold prices stood at Rs 12,825 per 1 gram, at Rs 1,28,250 per 10 grams and at Rs 12,82,500 per 100 grams.
Nov 04, 2026, 12:18 pm IST
Live Gold Rates Today: 24K Gold Crosses Rs 1.40 Lakh Mark In Delhi
In the national capital, gold prices climbed significantly. The 24-carat gold price crossed Rs 1.40 lakh mark in 10 grams to Rs 1,40,060 in Delhi, making it the only city among other metros. Meanwhile, 24-carat gold price stood at Rs 14,006 in 1 gram and at Rs 14,00,600 in 100 grams. Here, 22-carat gold rates stood at Rs 12,840 per 1 gram, at Rs 1,28,400 per 10 grams and at Rs 12,84,000 per 100 grams. Further, 18-carat gold prices are expensive at Rs 10,508 per 1 gram, at Rs 1,05,080 per 10 grams and at Rs 10,50,800 per 100 grams.
Nov 04, 2026, 11:28 am IST
Live Gold Silver Rates Today: US Midterm Results Full
Overall, the Republicans lost 6 seats to hold 40 seats and the Democrats gained 6 seats in the Congress house to 52 seats control. There were two seats won by independent candidates. Eventually, Republicans lost more control than expected.
Nov 04, 2026, 11:28 am IST
Live Gold Silver Rates Today: Trump Accepts US Midterm Election Results
The team in blue, Democrats, took full control of the US midterm election, winning 52 seats in the Congress house. Trump told reporters that he is absolutely willing to accept those results and has promised to work with the Democrats. Trump’s Republican party faced a sharp decline in the midterm election, winning just 40 seats. Among key reasons to their loss is attributed to the rise in cost of living, tariff hikes and Iran conflict that pushed gasoline prices extremely high, angering citizens.
Nov 04, 2026, 11:27 am IST
Live Gold Silver Rates Today: Commodities Market Volatile But Spot Gold Hits $3,975 Mark
At present, crude oil prices are under pressure, with US WTI trading flat to near $96 per barrel and Brent crude volatile towards $104 per barrel. Gasoline prices are up but natural gas prices dropped 1%. Spot gold surged by 1% to trade above $3,975 per ounce and spot silver gained over 1.5% to trade above $50.50 per ounce. US dollar fell to five-week low of 101.5 as investors digest midterm election news.
Nov 04, 2026, 11:25 am IST
Live Gold Silver Rates Today: MCX Bullions See Strong Rally
MCX gold and silver prices reversed their trends to witness a strong rally. MCX gold price climbed by Rs 1,978 or 1.4% to trade at Rs 1,41,430 per 10 grams which is near the day’s high of Rs 1,41,455 per 10 grams. Similarly, MCX silver price shoots up by Rs 4,300 or 2.4% to trade around Rs 1,85,763 per 1Kg, which is also near its day’s high of Rs 1,85,799 per 1Kg.
Nov 04, 2026, 10:25 am IST
Live Gold Rates Today: 18K Gold Prices In India Today
Weight
Price
Change
1 gram
₹10,493
+₹20
8 grams
₹83,944
+₹160
10 grams
₹1,04,930
+₹200
100 grams
₹10,49,300
+₹2,000
Under 18-carat, gold prices jumped by Rs 20 in 1 gram to highest Rs 2,000 in 100 grams. Further, the 750 purity gold rates are at Rs 1,04,930 per 10 grams and at Rs 83,944 per 8 grams.
Nov 04, 2026, 10:24 am IST
Live Gold Rates Today: 22K Gold Prices In India Today
Weight
Price
Change
1 gram
₹12,825
+₹25
8 grams
₹1,02,600
+₹200
10 grams
₹1,28,250
+₹250
100 grams
₹12,82,500
+₹2,500
22-carat gold price advanced by Rs 2,500 in 100 grams to Rs 25 in 1 gram. Here, the 10 grams and 8 grams gold rates stood at Rs 1,28,250 and Rs 1,02,600 respectively.
Nov 04, 2026, 10:24 am IST
Live Gold Rates Today: 24K Gold Prices In India Today
Weight
Price
Change
1 gram
₹13,991
+₹27
8 grams
₹1,11,928
+₹216
10 grams
₹1,39,910
+₹270
100 grams
₹13,99,100
+₹2,700
On Wednesday, the 24-carat gold price climbed in the range of Rs 27 in 1 gram to highest Rs 2,700 in 100 grams, with 10 grams gold price at Rs 1,39,910 and 8 grams gold at Rs 1,11,928 respectively.
Nov 04, 2026, 9:36 am IST
Live Silver Rates Today: MCX Silver Crashes Rs 1,900
MCX silver price declined by nearly Rs 1,900 or 1% to trade around Rs 1,77,803 per 1Kg, which is near its intraday low of Rs 1,77,637 per 1Kg, tracking the drop in spot silver.
Nov 04, 2026, 9:36 am IST
Live Gold Rates Today: MCX Gold Dips Marginally
MCX gold price plunged marginally to trade below Rs 1,39,300 level. At the time of writing, MCX gold dipped by Rs 168 or 0.12% to trade around Rs 1,39,284 per 10 grams, which is near its intraday low of Rs 1,39,177 per 10 grams.
Nov 04, 2026, 9:02 am IST
Live Gold Silver Rates Today: What Will Impact Precious Metals Today?
Gold and silver futures in India are showing a mixed trend in early trading. MCX December gold was quoted at Rs 1,39,433 per 10 grams, down 0.01%, while December silver stood at Rs 1,79,891 per kg, up 0.11%. These are early electronic-session references, not confirmed prices at the regular MCX opening. Internationally, spot gold edged 0.2% higher to $3,934.75 an ounce in early Asian trading. US December gold futures gained 0.1% to $3,943.20, while silver slipped 0.2%. Lower oil prices are easing some inflation concerns, but the broader outlook for bullion remains uncertain: Vikram Subburaj, CEO, Giottus.com.
Nov 04, 2026, 8:15 am IST
Live Gold Silver Rates Today: Democrats In Lead, Republicans Follow
Key development
Highlight
North Carolina Senate
Democrat Roy Cooper defeated Republican Michael Whatley, flipping a Republican-held Senate seat.
Georgia Senate
Democrat Jon Ossoff won re-election, retaining his seat.
New Hampshire Senate
Democrat Chris Pappas defeated Republican John Sununu, preventing a GOP pickup.
North Carolina House
Democrats flipped a Republican-held House seat.
Florida House
Democrats held two seats targeted by Republicans following redistricting.
Illinois Governor
Democrat JB Pritzker secured re-election as governor.
Illinois Senate
Democrat Juliana Stratton won election, taking the number of Black women serving simultaneously in the Senate to three.
Senate control
Control remained uncertain, with key races still being counted in Michigan, Alaska, Iowa, Maine, Ohio and Texas.
Voter sentiment
Inflation, living costs, healthcare, immigration and the Iran conflict were among the major issues influencing voters.
Young voters
Early polling indicated a notable shift among younger voters towards Democrats.
Democrats registered significant early gains, including a key Senate pickup in North Carolina, but the final balance of power in Congress remained uncertain as counting continued.
Nov 04, 2026, 7:50 am IST
Live Silver Rates Today: Spot Silver Falls
Silver prices pared early losses to trade around $50 an ounce on Tuesday, remaining in negative territory after Monday’s sharp 3.6% gain, as investors weighed falling oil prices ahead of the US midterm elections. Markets currently price in nearly a 75% chance of a Fed rate hike in December, according to CME’s FedWatch Tool. Meanwhile, US midterm elections are underway, with Democrats favored to regain control of the House of Representatives, while the Senate outcome remains uncertain, as per Trading Economics.
Nov 04, 2026, 7:50 am IST
Live Gold Rates Today: Spot Gold Cautiously Up
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