Gold records modest gains on Nov 02: Check Prices in Delhi, Mumbai, and other cities

New Delhi: Gold rates rose slightly on Monday, currently standing at Rs 13,888 per gram for 24-carat purity on November 02, 2026. Rates for 22K and 18K gold are Rs 12,730 per gram and Rs 10,416 per gram, respectively.

Precious metal rose by Rs 49 for 24K purity, Rs 45 for 22K purity, and Rs 37 for 18K purity compared with November 01, 2026.

US Federal Reserve's decision to keep the interest rates unchanged continues to weigh on bullion which face selling pressure on the face of elevated interest rates. At the same time, investors are assessing the US economic data for cues regarding future monetary policy decisions. Higher inflationary risk poses uncertainty for the investors.

Brent crude future on Monday slipped 3 percent to $110 per barrel after Iran and Qatar held a three-day talk pushing for a deal to establish peace between Iran, Israel, and US. However, the attacks on Saudi's energy infrastructure amid the conflict with Houthi and continued geopolitical tensions resulting from the US-Iran war keeps the supply disruption in the Gulf.

The crude prices remain elevated even after US President Donald Trump's decision to waive sanctions and tariffs on Russia, strengthening hopes of better diesel supply to the market. Yet, energy prices remain elevated, further prompting expectations of rate hikes in the coming sessions.

Meanwhile, the ongoing conflicts involving the Middle East have continued to keep inflation fears high since the end of February.

US inflation data and interest rates set by the Federal Reserve continue to influence the yellow metal's trajectory. When the dollar is stronger and interest rates are high, the yellow metal comes under pressure due to the increased opportunity cost of holding it.

Gold continues to remain under pressure, as its trajectory is likely to be influenced by geopolitical concerns and energy prices, with the Federal Reserve's rate decisions further affecting its price.

On a different note, festive buying across India is also playing a role in determining the cost of the yellow metal.

Check prices across India:

Delhi

24K: Rs 13,952/g

22K: Rs 12,790/g

18K: Rs 10,468/g

Mumbai

24K: Rs 13,888/g

22K: Rs 12,730/g

18K: Rs 10,416/g

Kolkata

24K: Rs 13,937/g

22K: Rs 12,775/g

18K: Rs 10,453/g

Ahmedabad

24K: Rs 13,942/g

22K: Rs 12,780/g

18K: Rs 10,458/g  

Chennai

24K: Rs 13,937/g

22K: Rs 12,775/g

18K: Rs 10,453/g  

Hyderabad

24K: Rs 13,937/g

22K: Rs 12,775/g

18K: Rs 10,453/g  

Lucknow

24K: Rs 13,952/g

22K: Rs 12,790/g

18K: Rs 10,468/g

Patna

24K: Rs 13,942/g

22K: Rs 12,780/g

18K: Rs 10,458/g  

Bangalore

24K: Rs 13,937/g

22K: Rs 12,775/g

18K: Rs 10,453/g  

Bhopal

24K: Rs 13,942/g

22K: Rs 12,780/g

18K: Rs 10,458/g

Pune

24K: Rs 13,937/g

22K: Rs 12,775/g

18K: Rs 10,453/g      

Thiruvananthapuram

24K: Rs 13,937/g

22K: Rs 12,775/g

18K: Rs 10,453/g  

Amritsar

24K: Rs 13,952/g

22K: Rs 12,790/g

18K: Rs 10,468/g

Chandigarh

24K: Rs 13,952/g

22K: Rs 12,790/g

18K: Rs 10,468/g