Gold rates in India started the month of November with a slight volatility; however, the prices across carats have remained under pressure since Diwali. Currently, the 24 carat gold price is down by Rs 7.4% or Rs 9,770 per 10 grams, since Dhanteras. Going ahead, clarity on trade deals between US-China and US-India is likely to drive sentiment for precious metals in the short term. The volatility is expected to continue till then.
On November 2nd, gold rates in 24 carat stood at Rs 1,23,000 per 10 grams, at Rs 12,30,000 per 100 grams, at Rs 98,400 per 8 grams and at Rs 12,300 per 1 gram. The prices are unchanged on Sunday.
In 22 carat, 10 grams gold is at Rs 1,12,750, while 100 grams is at Rs 11,27,500, 8 grams at Rs 90,200 and 1 gram at Rs 11,275.
Under 18 carat, 10 grams gold is at Rs 92,250, 100 grams at Rs 9,22,500, 8 grams at Rs 73,800 and 1 gram gold price is at Rs 9,225.
Gold Prices Fall Since Diwali:
The last time gold rates in India touched new all-time highs was on October 17, a day before Dhanteras which is the first day of Diwali. On October 17, 24 carat gold price stood at its fresh record of Rs 1,32,770 per 10 grams.
Since then, 10 grams gold is now down by Rs 7.35% or Rs 9,770 in 24 carat as of November 2, 2025.
Check Gold Rates In Major Cities:
Gold Rates In Chennai:
10 grams gold price stood at Rs 1,23,380 in 24 carat, at Rs 1,13,100 in 22 carat and at Rs 94,350 in 18 carat.
Gold Rates In Bengaluru:
10 grams gold price stood at Rs 1,23,000 in 24 carat, at Rs 1,12,750 in 22 carat, and at Rs 92,250 in 18 carat.
Gold Rates In Hyderabad:
10 grams gold price stood at Rs 1,23,000 in 24 carat, at Rs 1,12,750 in 22 carat, and at Rs 92,250 in 18 carat.
Gold Rates In Mumbai:
10 grams gold price stood at Rs 1,23,000 in 24 carat, at Rs 1,12,750 in 22 carat, and at Rs 92,250 in 18 carat.
Gold Rates In Delhi:
10 grams gold rate is at Rs 1,23,150 in 24 carat, at Rs 1,12,900 in 22 carat and at Rs 92,400 in 18 carat.
Silver rates are unchanged on Sunday as well. 1Kg silver price is at Rs 1,52,000, while 100 grams and 10 grams silver stood at Rs 15,200 and Rs 1,520 respectively. Meanwhile, 8 grams silver is at Rs 1,216 and 1 gram is at Rs 152.
Gold & Silver Prices Outlook Ahead:
"Elevated risk sentiment continues to offer support to bullion, with key levels seen near Rs 1,18,000 as support and Rs 1,24,000 as resistance. Markets now await clarity on trade balance discussions between the US-China and US-India, which are likely to set the short-term direction. Until then, gold is expected to remain volatile within the mentioned range," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
Furthermore, US Federal Reserve has reduced rates for the second time by 25 basis points since September policy. But Fed also decided to stop balance sheet runoff starting December, which as per Ross Maxwell, Global Strategy Lead at VT Markets is going to improve market liquidity which is a key positive for precious metals.
However, the cautious tone of Fed with signs of still-elevated inflation and uncertainty over December rate cut, has kept traders wary.
Overall, Maxwell added, "the Fed's pivot toward easier liquidity, combined with geopolitical uncertainties and resilient inflation, paints a constructively bullish medium-term outlook for both metals. Short-term consolidation is likely, but dips remain attractive buying opportunities for investors seeking portfolio hedges against policy and currency volatility."
Lastly, Maxwell added, "Gold and silver may continue to shine as central banks globally lean toward growth-supportive stances."
Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.
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