Gold Price Today: Mumbai, Delhi, Kolkata, Chennai - India Infoline

AI desk brief

Article summary

Indian bullion prices fell on November 4, 2026, two days before Dhanteras, despite higher international gold futures. Around 9:28 AM, domestic gold was ₹1,39,790 per 10 grams, down 0.07%, and silver was ₹1,78,570 per kg, down 1.06%; MCX gold and silver futures declined 0.09% and 0.95%, respectively. December international gold futures rose 0.16% to $3,946.75/oz around 9:26 AM, which the article attributed to a weaker dollar ahead of the US midterm election outcome, while silver futures stood at $49.253/oz. The article highlights upcoming US payrolls, interest-rate expectations and US–Iran uncertainty alongside traditional buying for Dhanteras on November 6 and Diwali on November 8, without quantifying festive purchases.

Market implications · analysis

The divergence between Indian and international gold prices does not establish a common near-term bullion direction. Festive purchases could support Indian physical demand over the following days, but no sales volumes, import flows or local premium data establish its strength. A weaker dollar could support international gold, while payrolls-driven increases in expected real yields could counter that support; nominal rate expectations alone are insufficient. Confidence in the reported price snapshot is stronger than in any directional inference.