Gold prices continued their upward momentum across India on Monday, November 3, 2025, reflecting global cues and renewed demand from domestic buyers ahead of the festive season. The yellow metal regained its shine as a weaker dollar and steady spot demand lifted sentiment in both global and Indian markets.
In the national capital, Delhi, the price of 10 grams of 24-carat gold stood at around ₹61,000, while in Mumbai and Kolkata, the same quantity traded near ₹60,850. In Chennai, gold remained slightly higher at ₹61,300 due to regional demand and import premiums. Meanwhile, Hyderabad, Bengaluru, and Ahmedabad witnessed prices hovering between ₹60,800 and ₹61,100 per 10 grams.
On the Multi Commodity Exchange (MCX), gold December futures rose by 0.35%, trading at approximately ₹61,120 per 10 grams, while silver December contracts advanced 0.65% to ₹71,300 per kg.
Experts attribute the rebound in prices to a combination of factors — including global market trends, central bank buying, and the ongoing uncertainty around U.S. monetary policy. The U.S. Federal Reserve’s recent rate cut and cautious commentary by Chair Jerome Powell have led investors back toward safe-haven assets like gold.
“Gold prices are gaining strength as the dollar weakens and market participants anticipate more liquidity in the coming months,” said Manoj Kumar Jain, Commodity Analyst at Prithvifinmart. “Domestic buyers are also active as the festive season supports physical demand.”
Silver prices followed suit, driven by renewed industrial consumption and speculative interest. Analysts note that while silver remains volatile, it could see further gains if global economic sentiment improves.
In the global market, spot gold was seen trading around $2,445 per ounce, with silver near $28.50 per ounce, both supported by sustained investment demand.
City-Wise Gold Prices (24-Carat, per 10 grams)
- Delhi: ₹61,000
- Mumbai: ₹60,850
- Chennai: ₹61,300
- Kolkata: ₹60,850
- Hyderabad: ₹60,900
- Bengaluru: ₹60,950
- Ahmedabad: ₹60,880
- Jaipur: ₹61,000
Analysts expect gold to remain in a range of ₹60,500–₹61,500, with a bullish bias if global cues continue to support safe-haven buying. Investors are advised to accumulate gold on dips for medium-term gains, especially ahead of the wedding and festival season.
“Gold may touch new highs in the next few weeks if global inflation and currency volatility persist,” said Rahul Kalantri of Mehta Equities. “Silver is also poised for a sharp rebound as industrial demand picks up.”