What Moved Gold on 3 November 2026
Gold and silver fell in the session, but the reported moves do not establish a specific cause. All India Bullion’s 17:30 retail quotes show the rates at its counter.
At a glance
Gold and silver fell in the session, but the reported moves do not establish a specific cause. All India Bullion’s 17:30 retail quotes show the rates at its counter.
Gold and silver fell, but the cause is not established
Gold and silver slipped on 3 November 2026, Those figures show the direction and size of the move, but do not establish what caused it.
There is no basis in the reported figures to attribute the decline to the dollar, the rupee, interest rates or a particular data release.
All India Bullion’s retail quotes at 17:30
At 17:30 on 3 November 2026, All India Bullion quoted Gold Local 999 at Rs 1,40,230 per 10 g and Gold Local 22K at Rs 1,28,590 per 10 g. Both quotes include GST and the shop’s retail premium.
These are All India Bullion retail rates, not market, spot or Multi Commodity Exchange (MCX) prices. They are readings at one time, not a measure of how the counter rate changed during the session.
Quarterly demand is separate context
On 3 November 2026 that India’s gold demand was down 29% in the third quarter of 2026, citing a World Gold Council (WGC) report. That quarterly demand figure is context; it does not establish the cause of the day’s price move.
What to watch next
The scheduled economic calendar lists US JOLTS Job Openings at 20:30 IST and US Congressional Elections at 20:46 IST on 3 November 2026. For the days ahead, it lists US ISM Services PMI at 20:30 IST on 4 November and US Unemployment Claims at 19:00 IST on 5 November.
These are events to watch, not a forecast of how gold or silver will respond. Check the live rate before making a purchase.
Sources
Latest Market Coverage
View all
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.
Gold rebounds in Delhi on rupee weakness ahead of Fed decision
A Delhi gold rebound puts the rupee price in focus. Here is what All India Bullion was quoting for physical gold and silver before the Federal Reserve decision.
Gold falls as dollar firms ahead of US jobs report
The US employment release is scheduled for 19:00 IST on 6 November. All India Bullion’s GST-inclusive counter rates were read at 17:00 IST.
