Gold and Silver Prices Today, 3 November: Gold Falls ₹1,020, Silver Drops ₹3,970
Gold and Silver Prices fall on November 3, with 24K gold down ₹1,020 and silver dropping ₹3,970. Check the latest bullion market update.
Gold and Silver Prices on 3 November 2026: 24-Carat Gold Declines to ₹1,39,650, While Silver Slumps to ₹1,80,170 Per Kg
Good morning! The Indian bullion market has started November 3, 2026, with a significant decline in precious metal prices. Gold and Silver Prices have witnessed a sharp correction, bringing some attention from jewellery buyers and investors ahead of the festive season. According to the latest rates provided in today’s market update, 24-carat gold is trading at ₹1,39,650 per 10 grams after falling by ₹1,020. Meanwhile, silver prices have dropped by ₹3,970 to ₹1,80,170 per kilogram. The decline has raised questions among buyers about whether this is an opportunity to purchase precious metals or whether further price fluctuations could be expected in the coming days.
Gold Rate Today, 3 November 2026: 24-Carat Gold Becomes Cheaper
Gold prices have recorded a noticeable decline in today’s bullion market. The price of 24-carat gold has fallen by ₹1,020 per 10 grams, representing a decrease of approximately 0.73%.
Following this correction, the latest quoted price of 24-carat gold stands at ₹1,39,650 per 10 grams.
This decline comes at a time when gold buyers are closely monitoring market movements ahead of important festive occasions. Gold continues to hold cultural and financial significance in India, with consumers purchasing jewellery, coins and bars for celebrations, weddings and investment purposes.
However, the latest price movement also highlights the volatility currently affecting the precious metals market.
Silver Rate Today, 3 November: Prices Fall by ₹3,970 Per Kg
Silver has experienced an even sharper decline compared with gold.
According to the latest market figures provided for November 3, silver is trading at ₹1,80,170 per kilogram after losing ₹3,970.
The fall represents a decline of approximately 2.16%, indicating considerable selling pressure in the silver market.
Silver is widely used in jewellery, utensils, coins, industrial applications and investment products. Its demand comes from both consumers and industries, making its price movements sensitive to multiple economic factors.
The latest correction may attract the attention of people planning to purchase silver jewellery, coins or investment bars.
Gold and Silver Prices Today: Latest Rate Comparison
Here is a quick look at the latest prices and daily changes mentioned in the November 3 market update.
| Precious Metal | Latest Price | Price Decline | Percentage Change |
|---|---|---|---|
| 24K Gold (10 grams) | ₹1,39,650 | ₹1,020 | -0.730% |
| Silver (1 kilogram) | ₹1,80,170 | ₹3,970 | -2.160% |
These figures provide a snapshot of the quoted bullion rates. Actual retail prices can vary depending on the city, jeweller, purity, taxes and applicable charges.
Why Are Gold and Silver Prices Falling?
Several domestic and international factors influence gold and silver prices.
One important factor is the movement of the US dollar. Since precious metals are internationally traded in dollars, changes in currency values can affect their prices in the Indian market.
Interest rate expectations also play an important role. Gold does not generate regular interest income, so expectations of higher interest rates can make interest-bearing investments more attractive to investors.
Crude oil prices, inflation concerns, geopolitical developments and international market movements can also influence bullion demand.
According to Business Today’s November 3 market report, gold and silver futures on the Multi Commodity Exchange (MCX) were trading lower during the morning session. Gold futures declined by around 0.86%, while silver futures fell approximately 2.09% at the time of reporting. These movements reflect the continuing volatility in precious metal markets.
Is This the Right Time to Buy Gold and Silver?
The latest decline may appear attractive to people planning festive purchases, but buyers should avoid making decisions based only on one day’s price movement.
People purchasing gold jewellery should compare prices across different jewellers and check the purity certification. Hallmarked jewellery with a valid HUID provides an additional layer of assurance regarding gold purity.
Silver buyers should also check the purity of coins, bars and jewellery before completing their purchases.
Investors, meanwhile, should consider their financial goals, investment horizon and risk tolerance before making decisions.
A sudden price correction does not necessarily mean that prices will continue falling. Similarly, a temporary recovery does not guarantee a sustained upward trend.
What Should Buyers Check Before Purchasing Precious Metals?
Before purchasing gold or silver, consumers should remember a few important points:
- Check the latest gold and silver rates from reliable market sources.
- Compare prices offered by different jewellers.
- Verify gold purity, hallmarking and HUID details.
- Check making charges on gold jewellery.
- Understand applicable GST and other charges.
- Collect a proper invoice mentioning purity, weight and price.
The final jewellery bill may be higher than the quoted bullion rate because of making charges, GST and other applicable costs.
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Conclusion: Gold and Silver Prices Witness a Sharp Fall on November 3
Today’s Gold and Silver Prices update highlights a significant decline in the Indian bullion market. According to the supplied market figures, 24-carat gold has dropped by ₹1,020 to ₹1,39,650 per 10 grams, while silver has fallen by ₹3,970 to ₹1,80,170 per kilogram.
The correction may provide some relief to consumers planning festive purchases, but continued volatility means buyers and investors should monitor market developments carefully.
Will gold and silver prices recover in the coming sessions, or will the downward trend continue? Keep following One World News for the latest bullion market updates, gold rates and silver price movements. Thank you for watching!
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