Gold & Silver Rates Today (5/11/2026) LIVE: COMEX Reclaims Above $4,100, MCX Gold Jumps Rs 2,300, Silver Up 2%

Gold rates and silver rates in India continued their strong rally on November 5, 2026, as buying sentiment in the global bullion market rises. MCX gold price surged nearly 2% to trade above Rs 1.45 lakh mark, while MCX silver also jumped 1.5% to trade above Rs 1.90 lakh per 1Kg mark. On Thursday, spot gold surged by nearly 2% to trade above $4,137 per ounce, while spot silver also climbed 2% to trade above $53 per ounce.

This came after a sharp decline in crude oil prices. US WTI dropped by 1.4% to trade below $87 per barrel, after crashing by over 10% yesterday. Brent crude is below $94 per barrel in the early trade with 1% decline. Natural gas, gasoline and heating oil prices also plunged by 1% each.

The gains can be attributed to the Democratic victory in the US midterm election, which has increased investors hope for a peace between US and Iran as Trump's administration could face political pressure to end the war.

In India, gold and silver prices will trend due to Dhanteras and Diwali festivals, where usually demand is high. Meanwhile, global factors will continue to impact the prices.

The precious metal also found support from a weaker US dollar and declining Treasury yields, which enhanced its appeal to investors. President Donald Trump conceded that Republicans lost because of the war and acknowledged gasoline prices as a factor behind the defeat, while indicating that there were no immediate plans to ramp up attacks on Iran. Lower oil prices could ease inflationary pressures, reducing concerns over potential near-term interest rate increases. Investors are now turning their attention to Friday's key US employment report, which could influence expectations for the Federal Reserve's monetary policy. Traders currently see a 79% probability of a Fed rate hike in December, according to the CME FedWatch Tool, as per Trading Economics.

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Nov 05, 2026, 9:25 am IST

Live Silver Rates Today: MCX Silver Reclaims Above Rs 1.90 Lakh Mark

MCX silver futures scheduled for December 4th expiry, jumped by Rs 2,563 or 1.4% to trade around Rs 1,90,298 per 1Kg, after spot silver reclaimed above $53 per ounce mark. Currently, MCX silver is near its intraday high of Rs 1,90,829 per 1Kg.

Nov 05, 2026, 9:25 am IST

Live Gold Rates Today: MCX Gold Jumps Rs 2,300

MCX gold price continued its strong rally in the opening bell of Thursday. The gold futures scheduled to expire on December 4, 2026, climbed by Rs 2,285 or 1.6% to trade around Rs 1,45,519 per 10 grams, which is close to its intraday high of Rs 1,45,883 per 10 grams.

Nov 05, 2026, 9:22 am IST

Live Silver Rates Today: Spot Silver Above $53

Spot silver also witnessed a strong buying trend with nearly 2% upside to trade above $53 per ounce. As per Trading Economics, investors are now turning their attention to Friday's key US employment report, which could influence expectations for the Federal Reserve's monetary policy. Traders currently see a 79% probability of a Fed rate hike in December, according to the CME FedWatch Tool.

Nov 05, 2026, 9:22 am IST

Live Gold Rates Today: Spot Gold Above $4,100

Spot gold price gained by nearly 2% to trade above $4,137 per ounce. Gold extended its previous session's gains as Democratic victories in the US midterm elections strengthened hopes for an end to the US-Iran conflict, triggering a sharp decline in oil prices. The precious metal also found support from a weaker US dollar and declining Treasury yields, which enhanced its appeal to investors. President Donald Trump conceded that Republicans lost because of the war and acknowledged gasoline prices as a factor behind the defeat, while indicating that there were no immediate plans to ramp up attacks on Iran, as per Trading Economics.