Gold and Silver Prices Fall Again : Gold Slips Below ₹1.40 Lakh, Silver Faces Fresh Pressure

Gold and silver prices witnessed another decline in Indian markets on Tuesday, November 3, 2026, reversing some of the recovery seen during the previous trading session. Both precious metals came under pressure as investors assessed international market movements, crude oil prices and expectations surrounding US interest rates.

The latest decline has attracted attention from jewellery buyers and investors, particularly ahead of the upcoming Dhanteras and Diwali celebrations.

Gold Futures Decline on MCX

Gold futures on the Multi Commodity Exchange (MCX) were trading lower during Tuesday’s morning session.

December gold futures declined approximately 0.86% to ₹1,38,979 per 10 grams in the morning market update. Domestic benchmark retail gold prices were also reported lower, reflecting continued volatility in the bullion market.

Silver Prices Experience a Sharper Drop

Silver witnessed a comparatively larger decline than gold.

MCX silver futures fell approximately 2.09% to ₹1,79,940 per kilogram during the reported trading session. The movement came after silver had recovered in the previous session.

The latest price movement indicates that both metals remain sensitive to changes in international commodity markets.

Why Are Gold and Silver Prices Falling?

Several factors are influencing precious metal prices:

• US interest rate expectations: Higher interest rates can reduce the appeal of gold and silver because these assets do not generate regular interest income.
• Crude oil prices: Rising oil prices can increase inflation concerns and influence monetary policy expectations.

International market movements: Changes in global bullion prices directly affect domestic market trends.

Currency movements: Fluctuations in the Indian rupee against the US dollar can influence imported gold and silver prices.

What Should Jewellery Buyers Know?

The latest decline may attract buyers who have been waiting for lower jewellery prices. However, retail prices can vary depending on city, purity, GST and jewellery-making charges.

Gold and silver markets remain volatile, and prices may change throughout the trading day. Buyers should check the latest local rates before making a purchase.

The November 3 movement highlights how quickly precious metal prices can change in response to global economic developments.

The post Gold and Silver Prices Fall Again : Gold Slips Below ₹1.40 Lakh, Silver Faces Fresh Pressure first appeared on newsremind.com.