Today’s gold price, November 3, 2026: Check the latest prices for 24-carat gold, 22-carat gold, and silver in India

Gold Price Today, 3 November 2026: On Tuesday, gold and silver prices in the Indian bullion market remained under pressure. Investors are closely monitoring developments in the international market, rising crude oil prices, and uncertainties surrounding US monetary policy. Customers planning to purchase jewellery ahead of Dhanteras and Diwali are keeping a close watch on the fluctuations in the prices of these precious metals.

According to the latest bullion reference rates for Mumbai as of 2:44 PM IST, the price of 24-carat gold stood at approximately ₹1,40,165 per 10 grams, while 22-carat gold was priced at ₹1,28,391 per 10 grams. Meanwhile, the price of silver was approximately ₹1,82,700 per kilogram.

Gold and silver prices may vary across different cities in India, primarily due to local market premiums and the margins set by jewellers. Furthermore, when purchasing jewellery, making charges and applicable GST are also added to the final bill.

Gold price in India today: Latest rates for November 3

According to the latest reference rates, gold prices have recorded a decline compared to the previous trading session. In the Mumbai market, the benchmark price for 24-carat gold fell by ₹1,334 per 10 grams, while the price of 999-purity silver saw a decrease of ₹4,677 per kilogram.

The latest reference prices for gold and silver are as follows:

Precious metal	Price
24-karat gold	₹1,40,165 per 10 grams
22-karat gold	₹1,28,391 per 10 grams
18-karat gold	₹1,05,124 per 10 grams
999 silver	₹1,82,700 per kilogram

These rates are based on the Mumbai reference prices updated as of 2:44 PM IST on November 3, 2026. These are indicative market rates, not guaranteed prices offered by any jewellery store.

Today’s 24-carat gold price: Find out the latest rate

In the Mumbai market, the price of 24-karat gold is currently around ₹140,165 per 10 grams. 24-karat gold consists of approximately 99.9 percent pure gold and is typically used to manufacture gold coins and bars for investment purposes.

The price of pure gold is influenced by factors such as the international bullion market, the value of the Indian rupee against the US dollar, import-related costs, and domestic demand.

Investors planning to purchase gold coins or bars should verify the latest market rates and ensure there is proof of the gold’s purity before making a purchase.

Today’s price of 22-carat gold: How much does gold for jewellery cost?

Today, the price of 22-carat gold is approximately ₹1,28,391 per 10 grams. It contains about 91.6 percent pure gold. In India, 22-carat gold is extensively used for making jewellery.

Most traditional gold jewellery is crafted from 22-carat gold, as the other metals mixed into it make it stronger and more durable compared to 24-carat pure gold.

However, customers at jewellery showrooms may end up paying more than the stated market price of gold. The final bill amount increases once making charges, wastage charges (where applicable), and GST are added.

Silver price in India today: Latest rates for November 3, 2026

According to the latest market updates, a decline has been recorded in silver prices. As of 2:44 PM IST, the benchmark price for 999-purity silver in Mumbai stood at approximately ₹1,82,700 per kilogram.

Silver is used in the production of jewellery, utensils, industrial goods, and investment-related products. Its price is influenced by both investment demand and industrial consumption.

Much like gold, the price of silver can fluctuate throughout the trading session. Therefore, it is advisable to check the latest local market rates before purchasing silver coins, bars, or jewellery.

Gold and silver prices in various cities today

Gold and silver prices are not the same across all cities in India. Variations in prices can occur due to factors such as premiums charged by local jewelers, transportation costs, and regional market conditions.

The table below provides the price per gram for 24-carat and 22-carat gold, as well as the price per kilogram for 999-grade silver, across various cities.

City	24-karat gold/gram	22-karat gold/gram	Silver/kg
Delhi	₹14,037	₹12,857	₹1,82,775
Mumbai	₹14,017	₹12,839	₹1,82,700
Chennai	₹14,045	₹12,865	₹1,82,800
Kolkata	₹13,996	₹12,821	₹1,82,800
Bengaluru	₹14,036	₹12,857	₹1,82,860
Hyderabad	₹14,042	₹12,862	₹1,82,735
Ahmedabad	₹14,027	₹12,848	₹1,82,725
Jaipur	₹14,022	₹12,844	₹1,82,700

These city-specific reference rates are based on data updated at approximately 2:44 PM IST on November 3, 2026. Prices at local jewelers may vary.

Why did the prices of gold and silver fall today?

On Tuesday, the international precious metals market once again faced selling pressure. According to Reuters, as of 08:30 GMT, the spot price of gold had fallen by approximately 1 percent, reaching around $3,908.49 per ounce. Declines were also recorded in silver and other precious metals.

Rising crude oil prices have heightened concerns regarding inflation. This has reinforced the expectation that interest rates may remain at elevated levels for an extended period. Higher interest rates generally make gold less attractive as an investment, as it does not generate regular interest income.

Geopolitical developments in the Middle East have also influenced market sentiment. Reports of a potential US strike on Iran’s Qeshm Island have raised concerns about escalating regional tensions and possible disruptions to energy supplies.

Furthermore, investors are closely monitoring US economic activity and upcoming political events, including the US midterm elections. These various factors could lead to continued volatility in international financial markets and the prices of precious metals.

Gold prices ahead of Dhanteras and Diwali 2026

With the festive shopping season approaching, there is increased interest in gold prices. This year, Dhanteras will be celebrated on November 6, and Diwali on November 8, 2026.

Buying gold on Dhanteras is traditionally considered auspicious. For this reason, the days leading up to this festival are highly significant for jewelers and bullion traders.

Customers planning to purchase gold should compare the daily rates offered by different jewelers. Before finalizing a purchase, one should also verify the purity of the gold and check for a hallmark. It is not advisable to base a buying decision solely on a lower quoted gold price, as making charges and other costs can vary from one shop to another.

What should you keep in mind before buying gold?

Before purchasing gold jewellery, customers should verify whether the quoted price corresponds to 22-carat, 18-carat, or 24-carat gold. Additionally, they should seek information regarding the weight of the jewellery, making charges, any applicable wastage charges, and the GST included in the final bill.

For hallmarked jewellery, customers should check for the BIS hallmark, the purity mark, and the six-character Hallmarked Unique Identification (HUID) code. This HUID code can be verified using the BIS CARE app.

When purchasing silver, customers should also verify the purity and weight as recorded in the bill. Rather than focusing solely on the price per gram, comparing the total bill amount can help in understanding the actual cost of the purchase.

Conclusion

As of November 3, 2026, the price of 24-carat gold in the Mumbai market is approximately ₹140,165 per 10 grams, while 22-carat gold is priced at around ₹128,391 per 10 grams. Meanwhile, the price of silver has been recorded at approximately ₹182,700 per kilogram.

Key factors influencing the prices of gold and silver include pressures from the international market, fluctuations in crude oil prices, currency exchange rates, and geopolitical developments. With Dhanteras and Diwali approaching, customers are advised to check the latest local market rates and inquire about any additional charges applicable to jewelry before making a purchase.

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