Gold Prices Rise Ahead of Diwali as Festive Demand Picks Up

Gold prices have been witnessing fluctuations in recent weeks, with rates continuing to rise since the beginning of this week. Demand for gold has picked up over the past two days ahead of Diwali and Dhanteras, contributing to the latest increase in prices. Market experts expect prices to rise further as festive demand gathers momentum. However, predicting the exact movement of gold and silver prices remains difficult. Here are the latest rates recorded on November 3, 2026.

In Hyderabad, the price of 24-carat gold is currently ₹1,39,640, registering an increase of ₹270 in a single day. The 22-carat gold rate stands at ₹1,28,000, up by ₹250. Vijayawada and Visakhapatnam are also reporting the same prices. In Delhi, 24-carat gold is priced at ₹1,39,790, while 22-carat gold costs ₹1,28,150. In Chennai, 24-carat gold is available at ₹1,39,640 and 22-carat gold at ₹1,28,000. Bengaluru is also reporting similar rates. Meanwhile, silver prices remained unchanged on November 3. A kilogram of silver is priced at ₹2 lakh in Delhi and Hyderabad, with Chennai and Bengaluru also recording the same rate.

Despite the increase in domestic gold prices, international market trends have been mixed. Gold futures in the US market reportedly declined by 3.63%, indicating weak sentiment in the global market. Selling pressure on gold prices has exceeded 6% over the past three weeks, according to market observations. These international developments have contributed to fluctuations in gold prices. Buyers planning to purchase gold during Diwali and Dhanteras will be watching market movements closely.