Gold, silver rates today Bangalore 2 Nov: Latest prices, up-down movement for precious metal investors in Garden City — SkimNews
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- Gold rose as much as 1.1% to near $3,915 an ounce, according to Bloomberg, after a 3.7% previous-session slump left it with its worst October since 2008.
- Reuters linked the global rebound to lower oil prices and tempering inflation concerns; spot gold was up 0.7% at $3,903.15 an ounce at 11:34 a.m. in Singapore.
- Spot silver climbed 1.8% to $49.97 an ounce, while platinum gained 0.1% to $1,432.63 and palladium steadied at $976.31.
- MCX gold futures traded 0.40% higher at ₹1,39,400 per 10 grams, while silver futures rose around 1.15% to ₹1,82,250 per kg at around 9:13 a.m.
- Bangalore listed 24-karat gold at ₹1,39,170 per 10 grams, 22-karat at ₹1,27,573 and 18-karat at ₹1,04,378; 999 Fine silver stood at ₹1,81,660 per kg.
- Chennai posted the highest listed 24-karat gold price among the featured cities at ₹1,39,420 per 10 grams and the highest 999 Fine silver rate at ₹1,82,120 per kg, while Delhi’s 24-karat quote was ₹1,38,780.
Why it matters: The benchmark and retail price reset is material for Indian bullion buyers: MCX gold futures rose 0.40% to ₹1,39,400 per 10 grams and silver rose 1.15% to ₹1,82,250 per kg. The 1.1% global gain recovered only part of the preceding 3.7% fall, while 24-karat quotes across seven cities stayed within ₹640.
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