Gold Rates & Silver Rates Today (4/11/2026) LIVE: Spot Gold & Silver Price Trade Volatile After US Midterm

Gold rates and silver rates in India are likely to be volatile on Wednesday, November 4, 2026, amidst a mixed trend in the global bullion market despite the Democrats' victory in the US midterm election. 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.

LIVE Feed

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

Spot gold price traded up by 0.3% to around $3,944 per ounce, however, corrected from its previous gains toward $3,965 per ounce. Investors welcomed a fresh decline in oil prices ahead of the US midterm elections. 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, as per Trading Economics.