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    Gold gains 3% as dollar slides after Democratic midterm gains

    On Wednesday, gold prices surged by 3%, reaching impressive new levels following the midterm elections, during which Democrats secured control of both the Senate and House. This political transformation, combined with a weaker dollar, heightened gold and precious metals demand. Investors are keenly watching for the upcoming US non-farm payrolls report, as rising interest rates and ongoing fiscal risk concerns continue to influence market sentiment.

    Gold vs silver investment return: Know value of Rs 5 lakh investment in 1, 3 and 5 years

    Investing in gold and silver has shown different returns over various periods. Gold delivered approximately 190% returns over five years, while silver reached 178%. Silver has outperformed gold in the last three years, showing faster price increases.

    Gold rate today (November 3, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices from Malabar Gold & Diamonds, Kalyan Jewellers, Tanishq & IBJA in Delhi, Mumbai, Hyderabad & more cities

    Gold rates tpday: Gold prices for 22k jewellery have increased across major brands in India as Dhanteras approaches. while, gold and silver jewellery indicative prices at the India Bullion and Jewellers Association (IBJA) also increased today.

    Silver prices jump over 4% to reclaim $51/oz as Democrats secure US midterm victory. What’s happening?

    Silver prices surged over 4% to reclaim the $51/oz mark after Democrats secured a victory in the US midterm elections, weakening the dollar and Treasury yields. However, HSBC expects further gains to be limited as silver trades close to levels justified by fundamentals. Industrial and jewellery demand may weaken, while institutional buying and supply constraints could offer support.

    Gold price prediction: Will gold bounce back on Wednesday? Check outlook for November 4

    On the MCX, gold prices ended flat, while silver gained momentum to close higher. As for international prices, spot gold dipped 0.3% to $3,948.75 per ounce, while US gold futures for December delivery gained 0.1% to $3,943.20. Spot silver fell 0.2% to $49.67 per ounce.

    MCX gold prices at Rs 1.39 lakh/10 gram; silver tanks Rs 2,000/kg as US jobs data fuels rate hike bets. Key levels to track ahead of Dhanteras

    In the domestic market, MCX silver futures for December 2026 delivery were down by Rs 2,000 to Rs 1,77,784 per kg. Gold futures for December 2026 delivery fell marginally to Rs 1,30,300 per 10 grams.

    The Economic Times
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