Gold Rates In India, November 10 Predictions: Will 24K, 22K, 18K Gold Prices & Silver Rates Rise Or Fall Today

Gold rates and silver rates in India will be affected by the Diwali demand and the MCX and global bullion market’s movement on November 10, 2026. MCX gold and silver moved cautiously overnight, while spot gold and spot silver skyrocketed by 2-3%, the highest level since October 21. The reason behind the uptrend in global bullion is the falling crude oil prices, which dial back on inflationary fear and the rate hike case ahead. The US dollar dropped to the 101.8 level, which will likely support gold and silver prices.

Gold Rates In India:

10 grams gold price surged by Rs 1,030 in 24-carat, up by Rs 950 in 22-carat and higher by Rs 770 in 18-carat. Meanwhile, 100 grams gold rates climbed by Rs 10,300 in 24-carat, surged by Rs 9,500 in 22-carat and is up by Rs 7,700 in 18-carat on November 9, 2026. Gold has hit Rs 1,44,600 per 10 grams mark in the majority of cities, while it is most expensive in Delhi and cheapest in Chennai.

Silver Rates In India:

Unlike gold, physical silver rates have not seen much momentum during Diwali festival. The white metal has remained unchanged since November 7th. Accordingly, on Monday, silver remained at Rs 2,05,000 per Kg, at Rs 20,500 per 100 grams, at Rs 2,050 per 10 grams, at Rs 1,640 per 8 grams and at Rs 205 per 1 gram.

MCX Gold Price + MCX Silver Price

MCX gold futures scheduled for December 4, 2026, expiry closed at Rs 1,43,106 per 10 grams, down marginally by Rs 60 or 0.04% overnight ending November 9th. Meanwhile, MCX silver futures which is also scheduled for December 4th expiry, closed at Rs 1,87,015 per 1Kg, down by Rs 112 or 0.06%.

For the current week, analysts at Axis Securities recommended selling MCX Gold below Rs 1,37,500 with a stop- loss above Rs 1,47,000 and targets of Rs 1,25,000 and Rs 1,20,000. Meanwhile, they recommended selling MCX Silver below Rs 1,75,000, with a stop-loss above Rs 1,95,000 and targets of Rs 1,50,000 and Rs 1,40,000.

Spot Gold Price + Spot Silver Price

Spot gold climbed to its highest level since October 21st to $4,143 per ounce with nearly 2% gains. But spot silver outperformed with over 3.3% upside to trade around $53.58 per ounce. This was due to decline in crude oil prices which eased concerns around inflationary pressures.

Investors awaited US CPI and PPI data this week for clues on the Fed’s policy outlook. The gain follows a 5% rally last week after Democrats won control of both chambers of Congress in the US midterm elections, raising hopes for an end to the US-Israeli war with Iran. Oil prices fell sharply on Monday after US President Donald Trump downplayed the likelihood of further strikes against Iran. Gold’s gains came despite a stronger-than-expected US employment report released on Friday, which reinforced expectations of higher interest rates for longer, supporting the dollar and Treasury yields. Markets currently price in an 81% probability of a Fed rate hike in December, according to CME FedWatch, as per Trading Economics.

“Gold and silver extended their recovery at the start of the week, with spot gold rising towards $4,120/oz and silver advancing to around $53/oz. The move was supported by a softer US dollar and lower crude oil prices, as prospect of easing geopolitical tensions between Washington and Tehran reduced inflation concerns. The gains build on a strong previous week, during which both metals advanced more than 5%,” said Kaynat Chainwala, AVP Commodity Research, Kotak Neo.

He added that the gains build on a strong previous week, during which both metals advanced more than 5%. Democratic gains in the US midterm elections have increased expectations that diplomatic efforts with Iran could gain traction, contributing to a sharp decline in oil prices and reducing pressure on interest-rate expectations. However, stronger-than-expected US labour market data continues to present a headwind.

Also, October nonfarm payrolls increased by 165,000, well above market expectations, reinforcing the resilience of the US economy and supporting expectations of further policy tightening. Attention now turns to Tuesday’s US CPI report.

“An upside inflation surprise, or hawkish guidance from Federal Reserve officials, could strengthen the case for a December rate hike and weigh on bullion. Conversely, softer inflation data coupled with lower energy prices could provide scope for a further recovery in gold and silver prices,” Kaynat added.

Last month, both gold and silver prices plunged by 7% and 19% while crude oil prices elevated to $135 per barrel before correcting.