Gold, silver prices today, 2 November: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata - Livemint

AI desk brief

Gold and silver were firmer in India on Monday even as global prices sold off hard on a higher-for-longer Fed backdrop tied to sticky inflation. Spot gold fell 2.7% to $3,910.53/oz, US December gold futures dropped 2.8% to $3,919.60/oz, and spot silver slid 5.8% to $49.34/oz, leaving bullion on track for a second straight monthly decline; MCX gold was up 0.40% at ₹1,39,400/10g and MCX silver rose 1.15% to ₹1,82,250/kg around 9:13 am.

The article also lists retail 24K, 22K and 999 silver rates across major Indian cities, with 24K gold around ₹1,38,810-₹1,39,460 per 10g and silver around ₹1,81,610-₹1,82,320 per kg. The key trade takeaway is that persistent US inflation and elevated rate expectations remain the dominant headwind for international bullion, while local INR pricing is still being supported by domestic market dynamics.