Gold prices started the new trading week on a positive note on Monday, November 2, after declining for several consecutive days. Despite the latest recovery, gold is still trading around 28% below its record high.
The festive season is an important period for gold purchases in India, as demand generally increases during this time. With Dhanteras approaching, many buyers are keeping a close watch on market movements. However, it remains uncertain whether gold prices will continue rising or move lower in the coming days.
On the Multi Commodity Exchange (MCX), the early trading price of 24-carat gold futures increased by 0.35%, gaining ₹490 to reach ₹138,975 per 10 grams. Gold had closed at ₹138,485 per 10 grams in the previous trading session.
In the international market, gold was quoted at around $3,912 per ounce. Indian consumers traditionally consider buying gold on Dhanteras auspicious, making price movements particularly important for festive shoppers.
Gold and Silver Prices Increase in the International Market
Gold and silver both recorded gains in international trading on November 2.
On COMEX, gold prices increased by 0.24% to reach $3,908.30 per ounce. Silver performed better during the session, rising 1.52% to trade at $50.025 per ounce.
The upward movement in international markets also reflected the positive trend seen in domestic bullion trading.
Gold and Silver Rates on MCX Today
On the Multi Commodity Exchange, gold futures for December delivery were quoted at ₹138,560 per 10 grams, marking a gain of 0.05% compared with the previous closing price of ₹138,485.
Silver prices also recorded a significant increase on the domestic exchange. The metal gained approximately ₹1,500 to reach ₹180,780 per kilogram.
These figures reflect the quoted MCX prices during the reported trading updates.
City-Wise Gold Rates Today: 24K, 22K and 18K
Here are the reported gold prices for 10 grams of 24-carat, 22-carat and 18-carat gold in major Indian cities on November 2, 2026.
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Delhi | ₹139,030 | ₹127,450 | ₹104,310 |
| Mumbai | ₹138,880 | ₹127,300 | ₹104,160 |
| Kolkata | ₹138,880 | ₹127,300 | ₹104,160 |
| Chennai | ₹138,880 | ₹127,300 | ₹104,160 |
| Patna | ₹138,930 | ₹127,350 | ₹104,210 |
| Lucknow | ₹139,030 | ₹127,450 | ₹104,310 |
| Meerut | ₹139,030 | ₹127,450 | ₹104,310 |
| Kanpur | ₹139,030 | ₹127,450 | ₹104,310 |
| Ayodhya | ₹139,030 | ₹127,450 | ₹104,310 |
| Varanasi | ₹139,030 | ₹127,450 | ₹104,310 |
| Agra | ₹139,030 | ₹127,450 | ₹104,310 |
| Ghaziabad | ₹139,030 | ₹127,450 | ₹104,310 |
| Noida | ₹139,030 | ₹127,450 | ₹104,310 |
| Gurugram | ₹139,030 | ₹127,450 | ₹104,310 |
| Jaipur | ₹139,030 | ₹127,450 | ₹104,310 |
Will Gold Become More Expensive Before Dhanteras?
Gold has started recovering after several sessions of declining prices. However, its next move remains uncertain.
With festive demand expected to remain an important factor, buyers will be watching domestic and international market trends closely. Whether prices rise further before Dhanteras or experience another correction will depend on upcoming market movements.
Disclaimer: This article is for informational purposes only and does not constitute investment or financial advice. Gold and silver prices are subject to market fluctuations and may vary by city, jeweller and applicable charges. The rates mentioned are based on the supplied market information for November 2, 2026. Buyers should confirm the latest prices with local jewellers before making a purchase.