Live
News
Updated: Wednesday, November 4, 2026, 9:36 (IST)
Gold rates and silver rates in India are under pressure Wednesday, November 4, 2026, amidst a mixed trend in the global bullion market despite the Democrats’ victory in the US midterm election. MCX gold falls marginally to trade around Rs 1,39,284 after hitting an intraday low of Rs 1,39,177 per 10 grams. Meanwhile, MCX silver crashed sharply by 1% to trade below Rs 1,77,800 per 1Kg. In the early trade, spot gold surged above $3,964 per ounce but has corrected to trade below $3,940 per ounce currently. Meanwhile, Spot Silver also pulled back from gaining momentum to trade in red and below $50 per ounce.
Meanwhile, crude oil prices have recorded a steep correction, with US WTI crude oil falling by 1% to trade around $95.5 per barrel and Brent Crude marginally lower to trade around $103 per barrel.
/img/2026/11/goldsilverpriceslive1-74361793758555.jpg)
Oil reversed earlier gains after President Donald Trump said the US would end its $4 billion aid programme to Israel by year-end. Meanwhile, US Energy Secretary Chris Wright said overnight strikes on Iran’s Qeshm Island had not disrupted regional oil supplies. Lower oil prices could ease inflationary pressures and reduce expectations of further central bank rate hikes, as per Trading Economics.
Furthermore, market believes there is 75% chance for US Federal Reserve’s to hike rates in December policy.
Additionally, the World Gold Council has trimmed its forecast for gold investment growth this year to 200 metric tons from 400 tons, while raising its estimate for central bank purchases.
LIVE Feed
Nov 04, 2026, 9:36 am IST
Live Silver Rates Today: MCX Silver Crashes Rs 1,900
MCX silver price declined by nearly Rs 1,900 or 1% to trade around Rs 1,77,803 per 1Kg, which is near its intraday low of Rs 1,77,637 per 1Kg, tracking the drop in spot silver.
Nov 04, 2026, 9:36 am IST
Live Gold Rates Today: MCX Gold Dips Marginally
MCX gold price plunged marginally to trade below Rs 1,39,300 level. At the time of writing, MCX gold dipped by Rs 168 or 0.12% to trade around Rs 1,39,284 per 10 grams, which is near its intraday low of Rs 1,39,177 per 10 grams.
Nov 04, 2026, 9:02 am IST
Live Gold Silver Rates Today: What Will Impact Precious Metals Today?
Gold and silver futures in India are showing a mixed trend in early trading. MCX December gold was quoted at Rs 1,39,433 per 10 grams, down 0.01%, while December silver stood at Rs 1,79,891 per kg, up 0.11%. These are early electronic-session references, not confirmed prices at the regular MCX opening. Internationally, spot gold edged 0.2% higher to $3,934.75 an ounce in early Asian trading. US December gold futures gained 0.1% to $3,943.20, while silver slipped 0.2%. Lower oil prices are easing some inflation concerns, but the broader outlook for bullion remains uncertain: Vikram Subburaj, CEO, Giottus.com.
Nov 04, 2026, 8:15 am IST
Live Gold Silver Rates Today: Democrats In Lead, Republicans Follow
| Key development | Highlight |
|---|---|
| North Carolina Senate | Democrat Roy Cooper defeated Republican Michael Whatley, flipping a Republican-held Senate seat. |
| Georgia Senate | Democrat Jon Ossoff won re-election, retaining his seat. |
| New Hampshire Senate | Democrat Chris Pappas defeated Republican John Sununu, preventing a GOP pickup. |
| North Carolina House | Democrats flipped a Republican-held House seat. |
| Florida House | Democrats held two seats targeted by Republicans following redistricting. |
| Illinois Governor | Democrat JB Pritzker secured re-election as governor. |
| Illinois Senate | Democrat Juliana Stratton won election, taking the number of Black women serving simultaneously in the Senate to three. |
| Senate control | Control remained uncertain, with key races still being counted in Michigan, Alaska, Iowa, Maine, Ohio and Texas. |
| Voter sentiment | Inflation, living costs, healthcare, immigration and the Iran conflict were among the major issues influencing voters. |
| Young voters | Early polling indicated a notable shift among younger voters towards Democrats. |
Democrats registered significant early gains, including a key Senate pickup in North Carolina, but the final balance of power in Congress remained uncertain as counting continued.
Nov 04, 2026, 7:50 am IST
Live Silver Rates Today: Spot Silver Falls
Silver prices pared early losses to trade around $50 an ounce on Tuesday, remaining in negative territory after Monday’s sharp 3.6% gain, as investors weighed falling oil prices ahead of the US midterm elections. Markets currently price in nearly a 75% chance of a Fed rate hike in December, according to CME’s FedWatch Tool. Meanwhile, US midterm elections are underway, with Democrats favored to regain control of the House of Representatives, while the Senate outcome remains uncertain, as per Trading Economics.
Nov 04, 2026, 7:50 am IST
Live Gold Rates Today: Spot Gold Cautiously Up
Spot gold price traded up by 0.3% to around $3,944 per ounce, however, corrected from its previous gains toward $3,965 per ounce. Investors welcomed a fresh decline in oil prices ahead of the US midterm elections. Oil reversed earlier gains after President Donald Trump said the US would end its $4 billion aid programme to Israel by year-end. Meanwhile, US Energy Secretary Chris Wright said overnight strikes on Iran’s Qeshm Island had not disrupted regional oil supplies, as per Trading Economics.