Gold and silver prices dropped on Tuesday as a stronger US dollar and easing global uncertainties reduced investor demand for safe-haven metals.
In Mumbai, the rates were:
24-carat gold: Rs 1,23,180 per 10 grams
22-carat gold: Rs 1,12,910 per 10 grams
Silver: Rs 1,54,100 per kg
These prices are exclusive of GST and making charges.
Gold Rates Across Major Cities (November 4, 2025)
Here’s a quick look at gold prices in key cities:
| City | 22K Gold (Rs/10g) | 24K Gold (Rs/10g) |
|---|---|---|
| Delhi | 1,13,040 | 1,23,330 |
| Jaipur | 1,13,040 | 1,23,330 |
| Ahmedabad | 1,12,940 | 1,23,230 |
| Pune | 1,12,910 | 1,23,180 |
| Mumbai | 1,12,910 | 1,23,180 |
| Hyderabad | 1,12,910 | 1,23,180 |
| Chennai | 1,12,910 | 1,23,180 |
| Bengaluru | 1,12,910 | 1,23,180 |
| Kolkata | 1,12,910 | 1,23,180 |
Why Gold Prices Are Volatile
Rahul Kalantri, vice-president at Mehta Equities, explained that gold and silver faced price volatility due to a strong greenback hitting a three-month high.
Uncertainty around US Federal Reserve policies and a weaker euro pressured precious metals.
However, geopolitical tensions, global economic uncertainty, and central bank purchases continue to support gold and silver prices.
Support and resistance levels:
Gold: Support at Rs 1,20,480-1,20,870; Resistance at Rs 1,21,890-1,22,300
Silver: Support at Rs 1,45,750-1,46,450; Resistance at Rs 1,48,340-1,49,280
Factors Influencing Gold Prices in India
Gold prices in India are influenced by:
International gold rates
Import duties and taxes
Exchange rate fluctuations
Gold holds cultural and financial significance in India, especially during weddings and festivals, and is a preferred investment option.
Keeping track of daily price changes helps investors and traders make informed decisions.
