Gold Rate Today, November 3: Prices of Gold and Silver Rise Across Major Cities in India
3 Nov, 2025 10:38 IST|Sakshi Post
Gold and silver prices rose on Monday, November 3, following renewed buying interest from jewellers and stockists. In Mumbai, 24-carat gold was priced at ₹1,23,170 per 10 grams, while 22-carat gold stood at ₹1,12,900 per 10 grams. These rates exclude GST and making charges. Meanwhile, silver was trading at ₹1,54,000 per kg.
Gold Prices in Key Indian Cities (per 10 grams, November 3, 2025)
- Hyderabad: 22K – ₹1,12,900 | 24K – ₹1,23,170
- Bengaluru: 22K – ₹1,12,900 | 24K – ₹1,23,170
- Delhi: 22K – ₹1,13,030 | 24K – ₹1,23,320
- Mumbai: 22K – ₹1,12,900 | 24K – ₹1,23,170
- Ahmedabad: 22K – ₹1,12,930 | 24K – ₹1,23,220
Global Market Update
Gold prices have retreated by around 10% from their record high of $4,381.21 reached on October 20, as the U.S. dollar climbed to a near three-month high.
“There’s a lack of upside momentum in gold due to technical factors, and the dollar’s resilience continues to weigh on the metal,” said Kelvin Wong, Senior Market Analyst at OANDA, according to Reuters.
The U.S. Federal Reserve recently cut interest rates by 25 basis points on October 29, marking the second rate cut this year. As per the CME FedWatch Tool, traders now see a 71% chance of another rate cut in December, down from over 90% before Fed Chair Jerome Powell’s comments.
Since gold is a non-yielding asset, it tends to perform better in low-interest-rate environments and during periods of economic uncertainty.
Disclaimer: Gold and silver prices mentioned above are indicative and may vary across cities and jewellers due to factors like making charges, local taxes, and transportation costs. Investors are advised to check the latest rates with authorized jewellers before making any purchase or investment decisions.
