Gold Price Today, November 2, 2026: 24k Rate Declines ₹2,890 per 10 gm; Thangamayil Jumps 2.14%

New Delhi, Nov 2: Gold prices on Monday are lower than Friday’s rates. Ten grams of 24-carat (99.9% purity) gold costs Rs 1,39,370 in most cities, according to Goodreturns.in. The price of 10 grams of 22-carat (91.6% purity) gold is Rs 1,27,750, while 18-carat (75% purity) gold sells at Rs 1,04,530. These are bullion rates and do not include taxes or making charges. 

On Friday, 10 grams of 24-carat, 22-carat and 18-carat gold cost Rs 1,42,260, Rs 1,30,400 and Rs 1,06,690, respectively. Today’s rates are lower by Rs 2,890, Rs 2,650 and Rs 2,160 per 10 grams in the Mumbai cluster of cities. That is a fall of roughly 2.03% in 24-carat and 22-carat gold and about 2.02% in 18-carat gold. The drop in 24-carat gold is about 1.7 times Friday’s own fall of Rs 1,690. 

The slide has taken gold well below its recent levels. At Rs 1,39,370, 24-carat gold is Rs 4,580 under Thursday’s Rs 1,43,950, a fall of about 3.18%, and Rs 3,380 under Monday, October 26’s Rs 1,42,750. It is also Rs 8,070 under the Rs 1,47,440 of Friday, October 16, and Rs 11,610 under the Rs 1,50,980 of Monday, October 12, a fall of about 7.69%. 

Delhi remains the costliest city. Ten grams of 24-carat gold there is Rs 1,39,520, which is Rs 150 more than the Rs 1,39,370 charged in Chennai, Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune. The 22-carat and 18-carat rates show the same Rs 150 premium, at Rs 1,27,900 and Rs 1,04,680. Vadodara and Ahmedabad have 24-carat gold at Rs 1,39,420, Rs 50 above the Mumbai cluster, with 22-carat at Rs 1,27,800 and 18-carat at Rs 1,04,580. Chennai’s 18-carat price, at Rs 1,04,530, now matches the rest of the Mumbai cluster; on Friday it was Rs 20 below. 

On a per-gram basis, 24-carat gold is at Rs 13,937, 22-carat at Rs 12,775 and 18-carat at Rs 10,453 in the Mumbai cluster. Buyers pay Rs 289, Rs 265 and Rs 216 less per gram than on Friday. The gap between 24-carat and 22-carat gold is Rs 11,620 per 10 grams, and between 24-carat and 18-carat gold it is Rs 34,840. 

One kilogram of 24-carat gold costs Rs 1,39,37,000, while 22-carat and 18-carat gold cost Rs 1,27,75,000 and Rs 1,04,53,000, respectively. Bulk buyers pay Rs 2,89,000, Rs 2,65,000 and Rs 2,16,000 less than on Friday. 

City-Wise Gold Rates: Today vs Friday 

The tables below set Friday’s (Oct 30) 10-gram gold rates for ten major Indian cities against Monday’s (Nov 2) rates, along with the change over the period. All ten cities fell in all three purities. The drop was ₹2,890 in 24K, ₹2,650 in 22K and ₹2,140 to ₹2,160 in 18K. 

24K Gold: 10 Major Cities (per 10 grams) 

City	Fri, Oct 30	Mon, Nov 2	Diff
Chennai	₹1,42,260	₹1,39,370	-₹2,890
Mumbai	₹1,42,260	₹1,39,370	-₹2,890
Delhi	₹1,42,410	₹1,39,520	-₹2,890
Kolkata	₹1,42,260	₹1,39,370	-₹2,890
Bangalore	₹1,42,260	₹1,39,370	-₹2,890
Hyderabad	₹1,42,260	₹1,39,370	-₹2,890
Kerala	₹1,42,260	₹1,39,370	-₹2,890
Pune	₹1,42,260	₹1,39,370	-₹2,890
Vadodara	₹1,42,310	₹1,39,420	-₹2,890
Ahmedabad	₹1,42,310	₹1,39,420	-₹2,890

22K Gold: 10 Major Cities (per 10 grams) 

City	Fri, Oct 30	Mon, Nov 2	Diff
Chennai	₹1,30,400	₹1,27,750	-₹2,650
Mumbai	₹1,30,400	₹1,27,750	-₹2,650
Delhi	₹1,30,550	₹1,27,900	-₹2,650
Kolkata	₹1,30,400	₹1,27,750	-₹2,650
Bangalore	₹1,30,400	₹1,27,750	-₹2,650
Hyderabad	₹1,30,400	₹1,27,750	-₹2,650
Kerala	₹1,30,400	₹1,27,750	-₹2,650
Pune	₹1,30,400	₹1,27,750	-₹2,650
Vadodara	₹1,30,450	₹1,27,800	-₹2,650
Ahmedabad	₹1,30,450	₹1,27,800	-₹2,650

18K Gold: 10 Major Cities (per 10 grams) 

City	Fri, Oct 30	Mon, Nov 2	Diff
Chennai	₹1,06,670	₹1,04,530	-₹2,140
Mumbai	₹1,06,690	₹1,04,530	-₹2,160
Delhi	₹1,06,840	₹1,04,680	-₹2,160
Kolkata	₹1,06,690	₹1,04,530	-₹2,160
Bangalore	₹1,06,690	₹1,04,530	-₹2,160
Hyderabad	₹1,06,690	₹1,04,530	-₹2,160
Kerala	₹1,06,690	₹1,04,530	-₹2,160
Pune	₹1,06,690	₹1,04,530	-₹2,160
Vadodara	₹1,06,740	₹1,04,580	-₹2,160
Ahmedabad	₹1,06,740	₹1,04,580	-₹2,160

Source: Goodreturns.in 

In 24K and 22K gold, every one of the ten cities lost the same amount, ₹2,890 and ₹2,650 per 10 grams respectively. Only 18K gold showed any spread: Chennai lost ₹2,140, while the other nine cities lost ₹2,160 each. Delhi, Vadodara and Ahmedabad keep their premiums. 

These are bullion rates. Jewellery will cost more once making charges, wastage charges and 3% GST are added. GST alone comes to about ₹4,181 on a 10-gram purchase of 24K gold at today’s rate, and about ₹3,833 on 22K and ₹3,136 on 18K for the same weight. 

With Dhanteras and Diwali only days away, the fall may tempt buyers back into the market. At ₹1,39,370 per 10 grams, 50 grams of 24K gold costs ₹6,96,850 before making charges and GST, which is ₹14,450 less than on Friday and ₹22,900 less than on Thursday. 

Jewellery Stocks Today 

Jewellery stocks were mostly firm in early trade on Monday as the market rallied. The Nifty 50 was at 23,317.10 around 9:57 am, up 264.00 points or 1.15 per cent from Friday’s close of 23,053.10. Thangamayil Jewellery rose 2.14 per cent and Kalyan Jewellers India gained 1.20 per cent, while Titan Company dipped 0.12 per cent and PC Jeweller fell 2.52 per cent. 

Company	Ticker	Price	Change
Titan Company	TITAN	₹4,431.20	-₹5.30 (-0.12%)
Kalyan Jewellers India	KALYANKJIL	₹504.00	+₹6.00 (+1.20%)
Thangamayil Jewellery	THANGAMAYL	₹4,550.20	+₹95.20 (+2.14%)
PC Jeweller	PCJEWELLER	₹15.09	-₹0.39 (-2.52%)

Source: NSE market data 

Thangamayil Jewellery was the strongest. It opened at ₹4,494.00 against a previous close of ₹4,455.00, slipped to a low of ₹4,407.10, 1.08 per cent below the previous close, and then climbed steadily to a high of ₹4,569.40, 2.57 per cent above it. It is trading at ₹4,550.20, up ₹95.20 or 2.14 per cent, and above its volume-weighted average price (VWAP) of ₹4,498.54. The stock is still about 4.4 per cent below Tuesday’s close of ₹4,762.00. 

Kalyan Jewellers India opened at ₹498.00, the same as its previous close, dipped to a low of ₹494.30, 0.74 per cent below it, and then rose to a high of ₹506.00, 1.61 per cent above the previous close. It is at ₹504.00, up ₹6.00 or 1.20 per cent, and above its VWAP of ₹500.51. 

Titan Company opened at ₹4,436.50, the same as its previous close, spiked to a high of ₹4,480.00, 0.98 per cent above it, and then fell to a low of ₹4,420.30, 0.37 per cent below the previous close. It is trading at ₹4,431.20, down ₹5.30 or 0.12 per cent, and below its VWAP of ₹4,445.67. 

PC Jeweller was the weakest of the four counters. The stock is trading at ₹15.09, down ₹0.39 or 2.52 per cent from Friday’s close of ₹15.48. 

Gold is Rs 2,890 cheaper per 10 grams than on Friday, yet two of the four jewellery counters have gained and Titan is nearly flat. Thangamayil beat the Nifty 50, Kalyan roughly matched it, while Titan and PC Jeweller lagged. On Friday, all four counters had fallen. The Nifty 50’s rise of 1.15 per cent is a market-wide rally that is lifting stocks even as gold rates ease. 

Order book data showed buyers ahead on Titan at 56.02 per cent, with 47,245 shares against 37,094 on the sell side, on Thangamayil Jewellery at 55.28 per cent, with 6,461 shares against 5,226, and on Kalyan Jewellers India at 52.80 per cent, with 3,68,291 shares against 3,29,261. 

Source

•  Goodreturns.in
• NSE market data
• Rates are indicative and subject to change; confirm with your local dealer before purchase.