Gold Price Today, Nov 3rd: 24K, 22K,18K Gold Rates Rise Sharply in Bangalore & Chennai; Check Silver Prices

Gold prices this morning jumped again in the first week of November after the volatility seen in October. During the last 10 days of October alone, the gold rate in India fell sharply by more than Rs. 10,000 per 100 g, slipping from the record high level during the festive demand.

Meanwhile, in the international market, spot gold prices also jumped above $4000 per ounce, slipping below highs as the rate cut expectations are high this month. Spot silver also touched a lifetime high of $40 per ounce in this rally.

What is the gold rate in Bangalore today, on November 3rd?

The pure 24-carat gold rate today surged by Rs. 170 per 10 grams to cost Rs. 112,900 per 10 grams. While the standard gold or the 22-carat gold prices in Bangalore today jumped by Rs. 150 per 10 grams to cost Rs. 123,170 per 10 grams. Similarly, the 18-carat gold rate today also increased by Rs 130 per 10 grams, and it currently retails for Rs 92,380 per 10 grams.

And just like that, the 100 grams of 24-carat gold cost Rs 1,231,700 after surging Rs 1,170. While the 22-carat gold price in India per 100 grams is now retailing at Rs 11,29,000 after registering a rise of Rs 1150 per 100 grams.

Gold rate in Chennai today

The gold rate in Chennai today saw a slight increase in prices. The 22-carat gold price in Chennai stands at Rs. 11,350 per gram or Rs. 113,500 per 10 grams, while the 24-carat gold rate in Chennai is Rs. 12,382 per gram, or Rs. 123,820 per 10 grams.

Silver Rate in Bangalore, November 3rd

Silver prices in Bangalore today jumped after being stable yesterday. The current silver rate in Bangalore is at Rs 154,000 per kilogram after rising by Rs 2000. While 100 g of silver rates in India cost Rs 15,400.

Silver rate in Chennai today

Silver prices in Chennai today also spiked by Rs. 2000 to cost Rs. 168,000. While 100 g of silver cost Rs. 16,800.

MCX Gold and Silver Futures Update

Gold futures prices at the Multi Commodity Exchange, which are expected to mature on December 5th, are currently trading at Rs. 121,732 per 10 grams, rising by 0.41%. Similarly, silver futures slated to mature on December 5th jumped today after slipping from an all-time high of 149,207. Rising 0.62%.

"MCX Gold December is expected to slip towards the Rs. 119,200 level as long as it trades under the Rs. 122,500 level. • MCX Silver Dec is expected to hold the key support at the ₹145,000 level and move higher towards the Rs. 149,800 level. A move above Rs. 149,800 would open the doors towards Rs. 151,500, according to the ICICI Commodity Report.

Spot Gold and Spot Silver Price Update

According to Reuters, "Spot gold was flat at $4,000.65 per ounce as of 0504 GMT. U.S. gold futures for December delivery rose 0.4% to $4,010 per ounce. Spot silver rose 0.2% to $48.75 per ounce.

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