Gold Rate Today 2 November shows a rebound in domestic bullion prices, with gold and silver recovering some ground after the sharp decline in the previous trading session.
Buyers planning jewellery purchases can check the latest 18-carat, 22-carat and 24-carat gold rates, along with silver prices, before visiting a store.
In the domestic futures market, MCX gold was trading higher on Monday morning. Silver futures also recorded gains, while international bullion prices recovered after recent losses.
Gold Rate Today 2 November in Major Cities
City-wise indicative gold rates on November 2 were as follows:
| City | 24K Gold (per gram) | 22K Gold (per gram) | 18K Gold (per gram) |
|---|---|---|---|
| Delhi | Rs 13,902 | Rs 12,744 | Rs 10,430 |
| Mumbai | Rs 13,887 | Rs 12,729 | Rs 10,415 |
| Chennai | Rs 13,887 | Rs 12,729 | Rs 10,415 |
| Kolkata | Rs 13,887 | Rs 12,729 | Rs 10,415 |
| Bengaluru | Rs 13,887 | Rs 12,729 | Rs 10,415 |
| Hyderabad | Rs 13,887 | Rs 12,729 | Rs 10,415 |
| Ahmedabad | Rs 13,892 | Rs 12,734 | Rs 10,420 |
| Jaipur | Rs 13,902 | Rs 12,744 | Rs 10,430 |
These are indicative rates and may differ between jewellers. The final jewellery bill can also include making charges, applicable taxes and other store-specific costs.
Silver Price Today in India
Silver prices also moved higher on November 2. The indicative retail rate in several major cities was around Rs 1,999 per 10 grams, Rs 19,990 per 100 grams and Rs 1,99,900 per kilogram.
The price charged by a jeweller may vary depending on the city, purity, product type and applicable charges. Buyers should confirm the final rate with the seller before making a purchase.
Why Did Gold and Silver Prices Rise?
Gold and silver recovered in international markets after a sharp fall in the previous session.
Market participants were assessing inflation concerns and expectations about the US Federal Reserve’s interest-rate outlook.
Spot gold and silver both recorded gains during Monday’s trading, helping bullion prices recover part of their recent losses.
However, price movements remain sensitive to global economic data, currency movements, interest-rate expectations and geopolitical developments.
In India, domestic bullion prices are also influenced by the rupee’s value against the US dollar, import costs and local demand.
These factors can cause retail rates to differ across cities.
 What Buyers Should Check Before Purchasing Gold
Customers should compare the day’s rate for the correct purity before buying jewellery.
A 24-carat rate is not directly comparable with the price of 22-carat or 18-carat jewellery because the gold content is different.
Buyers should also check the BIS hallmark and HUID details on hallmarked gold jewellery.
The invoice should clearly mention the purity, net weight, making charges and other applicable costs.
Gold and silver rates can change during the day, and jewellers may follow different pricing schedules.
Therefore, the city-wise figures are best treated as reference rates rather than guaranteed shop prices.
