US midterm results lift Indian gold and silver as dollar and yields fall
All India Bullion’s GST-included counter rates at 17:30 on 4 November were Rs 1,43,930 per 10 g for Gold Local 999 and Rs 1,90,160 per kg for Silver Local 999.
At a glance
All India Bullion’s GST-included counter rates at 17:30 on 4 November were Rs 1,43,930 per 10 g for Gold Local 999 and Rs 1,90,160 per kg for Silver Local 999.
All India Bullion counter rates at 17:30
At 17:30 on 4 November 2026, All India Bullion’s GST-included retail rates were Rs 1,43,930 per 10 g for Gold Local 999, Rs 1,31,980 per 10 g for Gold Local 22K and Rs 1,90,160 per kg for Silver Local 999.
These are All India Bullion counter rates, with the retail premium included. They are not spot or MCX prices.
Gold and silver rose as the dollar and yields fell
Gold and silver rebounded on 4 November after the US midterm results. The US dollar and Treasury yields also fell during this period.
These developments occurred together. Their timing does not, on its own, show that the election results alone caused the rise.
Check the full buying cost
The counter rates are a snapshot at 17:30, not a measure of how much either metal moved over the full day. Buyers should compare rates on the same basis, including whether GST is included.
For jewellery, ask for the making charge in writing before paying. Making charges are separate from the metal rate.
US releases to watch next
The US services Purchasing Managers’ Index (PMI) is scheduled for 20:30 IST on 4 November. US unemployment claims are scheduled for 19:00 IST on 5 November.
On 6 November, US average hourly earnings, non-farm employment change and the unemployment rate are scheduled for 19:00 IST. Preliminary consumer sentiment and inflation expectations are scheduled for 20:30 IST. These are calendar events to watch, not a forecast of metal prices.
Sources
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