Gold Silver Price Today Live Updates: Silver gains 2% on MCX, gold trades flat. Check estimates, key levels
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MCX Gold Silver City-wise Price Live
Gold rate today Live Updates: Gold and silver prices trade higher on MCX ahead of Diwali, even as persistent US inflation and expectations of a Federal Reserve rate hike threaten bullion’s appeal.
Gold and silver prices began Monday’s session on a positive note on MCX ahead of Diwali. However, rising US inflation and hawkish comments from Federal Reserve officials have strengthened expectations of further monetary tightening.
Read More: Gold rate today (November 2, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices in Delhi, Mumbai, Hyderabad & more cities
Higher interest rates could weigh on demand for non-yielding precious metals, keeping investors focused on the central bank’s policy outlook.
1 New Update
In Chennai, standard gold (22 carat) is priced at Rs 1,02,200/8 grams, while pure gold (24 carat) costs Rs 1,11,496/8 grams.
Standard gold (22 carat) in Mumbai costs Rs 1,02,200/8 grams, while pure gold (24 carat) is priced at Rs 1,11,496/8 grams.
The price of standard gold (22 carat) in Delhi is Rs 1,02,320/8 grams, while pure gold (24 carat) is priced at Rs 1,11,616/8 grams.
Gold has support at $3,880-3,800 per troy ounce and resistance at $3,940-4,000 per troy ounce in the international market. On MCX, support is placed at Rs 1,36,600-1,35,000, while resistance stands at Rs 1,40,000-1,41,400, according to Manoj Kumar Jain of Prithvi Finmart.
Iranian negotiators held discussions with Qatari mediators in Doha to seek an agreement to end the US-Israeli war on Iran. Meanwhile, European inflation is expected to remain higher than previously forecast, with the ECB's 2% target potentially returning only in 2028. Both developments add to the global uncertainty facing precious metal markets.
Manoj Kumar Jain of Prithvi Finmart expects gold and silver prices to remain volatile this week amid fluctuations in crude oil prices and the dollar index, along with ongoing geopolitical tensions. Investors are also tracking developments in the US and the Middle East.
Three Federal Reserve officials called for further interest rate increases to tackle elevated inflation, while US consumer prices accelerated in September. The developments reinforced expectations of a December rate hike, with traders pricing in a higher probability of monetary tightening.
Spot silver gained over 1% in early trade, while domestic December futures also moved higher on MCX. The recovery came amid volatility in precious metals as investors assessed the US interest rate outlook, geopolitical developments and movements in the dollar.
International gold prices edged higher but continued to trade near their lowest levels since October 2025, after falling below the key $4,000-per-ounce mark in the previous session. Investors are weighing inflation concerns and the possibility of further US monetary tightening.
Gold and silver futures opened higher on MCX ahead of Diwali, recovering despite concerns over persistent US inflation and expectations of a possible Federal Reserve rate hike in December. Silver gained Rs 2,800 to Rs 1,81,925 per kg, while gold rose Rs 613 to Rs 1,39,098 per 10 grams.