Gold Rate Today, Nov 1: 24K, 22K Gold Prices in Delhi, Mumbai, - APAC Media

AI desk brief

Gold and silver sold off sharply on Nov. 1 as stronger US dollar, higher bond yields and fading expectations for an early Fed rate cut pressured non-yielding assets. In India, 99.9% gold fell ₹3,200 to ₹142,000 per 10 grams and silver dropped ₹4,200 to ₹186,000 per kg, while spot gold sank $145.84 (-3.8%) to $3,875.55/oz and spot silver fell $3.04 (-5.8%) to $49.12/oz.

The piece says bullion ended the week about 0.5% lower after profit-taking and late-week selling. It also notes the correction may support festive-season jewellery buying in India, but near-term direction will hinge on the dollar, rates expectations and broader investor demand.