Gold Rate in India Rebounds! Will 24, 22, 18K Prices Rise Today? 4 November Outlook

Gold Rate in India: Gold prices in India surged again on Monday, tracking a rebound in international markets following a brief price correction overseas. Silver prices also moved higher in tandem. With shifting geopolitical developments and evolving global trade dynamics, investors are now closely watching gold price movements on Tuesday, November 4.

The price of gold and silver has witnessed a sharp jump since the beginning of the year 2025 amid rising geopolitical uncertainty and trade tensions.

Gold Rate in India

The price of 24 karat gold in India increased by Rs 17 per gram to Rs 12,317 per gram. Likewise, the price of 22 karat gold in India jumped by Rs 15 per gram to Rs 11,290 per gram. Similarly, the rate of 18 karat gold in India increased by Rs 13 per gram to Rs 9,238 per gram.

Silver Rate in India

The price of silver in India witnessed a surge on Monday. The precious metal is currently in its consolidation phase after it witnessed a strong rally in August and September. Silver rate in India increased to Rs 154 per gram and to Rs 1,54,000 per kilogram on Monday.

Gold, Silver Price Outlook

The rate of gold and silver may see heightened volatility on Tuesday as investors are keenly waiting for the announcement of US data and other US trade tariff trials. However, there can be some consolidation in prices of gold and silver on Tuesday, as experts believe that the precious metal may correct further during the ongoing week.

"Gold prices corrected from the recent highs of Rs 1,29,000 per 10 gms to around Rs 1,21,000 per 10 grams as on Oct. 31, mainly due to easing tensions between US and India on the tariff as well as strengthening dollar index, which is at three-months high," Prathamesh Mallya, DVP - Research, Non - Agri Commodities and Currencies, Angel One, told PTI.

He expects the weakness in the precious metal futures to continue for the third straight week. 'MCX gold futures might fall towards Rs 1,18,000 per 10 grams mark in the week ahead, with volatility likely to continue,' Mallya said.

"The Fed's pivot toward easier liquidity, combined with geopolitical uncertainties and resilient inflation, paints a constructively bullish medium-term outlook for both metals. Short-term consolidation is likely, but dips remain attractive buying opportunities for investors seeking portfolio hedges against policy and currency volatility.

Gold and silver may continue to shine as central banks globally lean toward growth-supportive stances," stated Ross Maxwell, Global Strategy Lead at VT Markets.