Gold rates rise slightly as markets track global and domestic trends

Gold prices in India stand at Rs 13,965 per gram for 24 carat gold, Rs 12,731 per gram for 22 carat gold, and Rs 10,417 per gram for 18 carat gold on November 4, 2026, according to Good Returns. This marks an increase of Rs 1 per gram across all three purities compared to the rates on November 3. Vikram Subburaj, CEO of Giottus.com, states that gold and silver futures in India show a mixed trend in early trading. MCX December gold is quoted at Rs 1,39,433 per 10 grams, down by 0.01 percent, while December silver stands at Rs 1,79,891 per kg, up by 0.11 percent.

Market Outlook

Subburaj notes that these figures are early electronic-session references rather than confirmed prices for the regular MCX opening. The recovery for Indian investors remains uneven as domestic gold trades slightly weaker while silver holds a modest gain. Currency exchange rates and international price movements will shape how these trends move into the regular session. Investors are advised to avoid reacting to small early moves and watch whether prices sustain direction after the market opens. Meanwhile, global developments continue to unfold as Iran announces a maximum deterrence strategy, warning of immediate responses to potential attacks and expanding military target lists to cover United States and Israeli assets across broader geographical zones. This threat coincides with shipping lane escalations, where an oil tanker was struck by two unknown projectiles near the Strait of Hormuz, following earlier explosions reported by Iran's Islamic Revolutionary Guard Corps.

Context

Precious metal prices in India are influenced by a mix of domestic demand, currency exchange rates, and international market movements. Gold and silver futures on the Multi Commodity Exchange provide early indicators of market sentiment before regular trading hours begin.