Gold Rates Today, November 2: 24K, 22K, 18K Prices Rise Rs 4,900 As Dhanteras Nears; Check City-Wise Rates

Gold prices in India have started the month on a positive note with 24-carat and 22-carat gold prices climbing by up to Rs 4,900 and Rs 4,500 on Monday, November 2, 2026. The performance tracks the uptrend in the bullion market at MCX and globally. MCX gold reclaimed Rs 1.39 lakh mark, and spot gold surged 1% to hold the $3,900 level. Gold demand will be in focus due to Dhanteras and Diwali festivals this week.

Gold Rates Today In India:

Physical gold rates started the month on a positive note ahead of the Dhanteras and Diwali festivals. On November 2nd, 24-carat gold rates jumped by Rs 4,900 to Rs 490 across 100 grams to 10 grams. Meanwhile, 22-carat gold prices climbed by Rs 4,500 to Rs 450 on Monday, and 18-carat gold rates are higher by Rs 3,700 to Rs 370. The 8 grams gold price stood at Rs 1,11,496 in 24-carat, at Rs 1,02,200 in 22-carat and at Rs 83,624 in 18-carat.

Weight (grams)	24K Gold	22K Gold	18K Gold
1 gram	₹13,937 (+₹49)	₹12,775 (+₹45)	₹10,453 (+₹37)
8 grams	₹1,11,496 (+₹392)	₹1,02,200 (+₹360)	₹83,624 (+₹296)
10 grams	₹1,39,370 (+₹490)	₹1,27,750 (+₹450)	₹1,04,530 (+₹370)
100 grams	₹13,93,700 (+₹4,900)	₹12,77,500 (+₹4,500)	₹10,45,300 (+₹3,700)

The performance comes after the major October monthly crash. Last month, the 24-carat gold price had crashed by a whopping Rs 103,600 in 100 grams and dropped by Rs 10,360 in 10 grams. Overall, the decline across the carats stood at 7%.

"Gold and silver are recovering in Asian trading on November 2 as lower oil prices ease inflation concerns. Spot gold rose 0.6 per cent to $3,899.39 an ounce. Silver gained 1.3 per cent to $49.76. Brent's 2 per cent decline to $111.15 a barrel offers some relief from the energy-price pressures that have complicated the interest-rate outlook," said Vikram Subburaj, CEO, Giottus.com.

He added that the rebound follows Friday's 3.7 per cent fall in gold and a nearly 6 per cent decline in silver. Investors have also been selling bullion to cover losses in technology stocks. That pressure helps explain why gold fell sharply despite the uncertainty that would ordinarily support demand for it.

Gold Rates In Chennai vs Gold Rates In Bangalore vs Gold Rates In Hyderabad:

24-carat, 22-carat and 18-carat gold prices are the same in these cities. 24-carat gold rate stood at Rs 13,937 per 1 gram, at Rs 139,370 per 10 grams and at Rs 13,93,700 per 100 grams. Meanwhile, 22-carat gold rates here are at Rs 12,775 per 1 gram, at Rs 1,27,750 per 10 grams and at Rs 12,77,500 per 100 grams. Furthermore, 18-carat gold rates are at Rs 10,453 per 1 gram, at Rs 1,04,530 per 10 grams and at Rs 10,45,300 per 100 grams.

Gold Rates In Mumbai Vs Gold Rates In Delhi:

In the national capital, gold is most expensive. For instance, on November 2, gold prices are at Rs 13,952 per 1 gram, at Rs 1,39,520 per 10 grams and at Rs 13,95,200 per 100 grams under 24-carat. Also, 22-carat gold is available at Rs 12,790 per 1 gram, at Rs 1,27,900 per 10 grams, at Rs 12,79,000 per 100 grams. Additionally, 18-carat gold prices are at Rs 10,468 per 1 gram, at Rs 1,04,680 per 10 grams and at Rs 10,46,800 per 100 grams.

In the financial hub Mumbai, gold prices are at Rs 13,937 per 1 gram in 24-carat, at Rs 12,775 in 22-carat and at Rs 10,453 in 18-carat. Here, 10 grams gold prices are at Rs 1,39,700 in 24-carat, at Rs 1,27,750 in 22-carat and at Rs 1,04,530 in 18-carat. Additionally, 100 grams gold price ranged to Rs 13,93,700 in 24-carat, at Rs 12,77,500 in 22-carat and at Rs 10,45,300 in 18-carat.

Gold Rates Outlook

According to the Subburaj, the November 6 US employment report will provide the next important test. Reuters reports a consensus forecast of 65,000 additional jobs. Stronger wage growth could reinforce expectations of higher rates and put renewed pressure on bullion. For investors, Friday's nearly 6 per cent silver decline is a useful guide to the volatility their positions must withstand. Keep fresh futures positions small ahead of November 6. At an illustrative 10 times leverage, a 1 per cent adverse price move consumes approximately 10 per cent of the initial margin before fees.

MCX Gold Price + Spot Gold Price Outlook

In the early trade of Monday, MCX gold price gained marginally by Rs 319 or 0.23% to trade around Rs 1,38,804 per 10 grams. The bullion has touched an intraday high of Rs 1,39,098 per 10 grams.

Meanwhile, at present, spot gold is near its one-year low towards $3,900 per ounce. The bullion has plunged by 6% on a month-on-month basis and down by 2.4% on a year-on-year basis.

For MCX Gold, Ponmudi R, CEO of Enrich Money, said, MCX Gold is posting more modest gains than MCX Silver, which is seeing a sharper rebound from deeply oversold levels. A firmer rupee is also limiting the upside in domestic gold prices. The near-term bias remains cautious, with a sustained move above Rs 1,40,000- Rs 1,41,000 needed to stabilise the price structure. Conversely, a decisive break below ₹1,37,500-₹1,38,300 could trigger a further decline towards Rs 1,34,000- Rs 1,35,000.

In case of spot gold, Ponmudi said, gold has fallen to its lowest level in 12 months, as a technology-led equity market rout triggered the liquidation of liquid assets, including bullion, while rising oil prices reinforced expectations of a December Federal Reserve rate hike. The metal declined more than 7% in October, marking its second consecutive monthly loss. The near-term bias remains cautious, with a sustained recovery above $3,970-$4,000 needed to stabilise the technical outlook. Conversely, a decisive break below $3,900 could expose gold to a further decline towards $3,800.

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