Gold Rate Today: 24K Gold at ₹1,41,062 per 10g on November 4, Up ₹2,944

Key Takeaways

• IBJA 999-purity gold stood at ₹1,41,062 per 10 grams in the November 4 AM fixing, up ₹2,944 or 2.13% from ₹1,38,118 in the November 3 AM fixing.
• IBJA 916-purity gold was ₹1,29,213 per 10 grams, while 750-purity gold was ₹1,05,797 and 585-purity gold was ₹82,521.
• Silver 999 was quoted at ₹1,84,200 per kg in the AM fixing, up ₹6,900 or 3.89% from ₹1,77,300 in the previous trading day's AM fixing.
• IBJA benchmark rates exclude 3% GST and making charges.

Gold prices were higher in India on Wednesday, November 4, 2026, based on the India Bullion and Jewellers Association's morning benchmark.

IBJA 999-purity gold was quoted at ₹1,41,062 per 10 grams, compared with ₹1,38,118 per 10 grams in the November 3 AM fixing. That represents an increase of ₹2,944, or approximately 2.13%, on a like-for-like AM-to-AM basis.

Silver recorded a larger percentage increase, with the IBJA AM Silver 999 benchmark rising ₹6,900 per kg, or 3.89%.

The figures above compare the November 4 AM fixing with the November 3 AM fixing, maintaining a consistent benchmark methodology.

The primary IBJA 999 benchmark increased from ₹1,38,118 to ₹1,41,062 per 10 grams.

The calculation is:

Absolute change: ₹1,41,062 − ₹1,38,118 = ₹2,944

Percentage change: ₹2,944 ÷ ₹1,38,118 × 100 = 2.13%

Silver rose from ₹1,77,300 to ₹1,84,200 per kg, an increase of ₹6,900 or approximately 3.89%.

These IBJA rates are benchmark bullion rates and exclude GST and making charges.

International bullion prices rose sharply during November 4 trading. Reuters reported spot gold above $4,000 per ounce during the Asian session, supported by a weaker US dollar and declines in both nominal and real US Treasury yields. Market participants were also assessing the implications of the US midterm election results and awaiting US employment data for further information on monetary-policy conditions.

A softer US dollar can make dollar-denominated gold less expensive for holders of other currencies, while declining bond yields reduce the relative opportunity cost associated with holding a non-interest-bearing asset such as gold.

For Indian bullion prices, USD/INR is another transmission channel because internationally traded gold is predominantly dollar-denominated. Changes in the rupee can therefore amplify or partly offset moves in international bullion when translated into domestic prices.

Higher bullion prices increase the rupee value of gold inventory held by jewellery companies.

For businesses replenishing inventory at higher prices, the amount of working capital required to maintain the same physical quantity of gold can increase. Actual financial effects also depend on inventory-management practices, hedging arrangements, sourcing terms and the extent to which raw-material price changes are passed through to retail prices.

At the IBJA benchmark level, 10 grams of 999-purity gold cost ₹2,944 more in the November 4 AM fixing than in the previous trading day's AM fixing.

The actual retail cost to consumers is higher after applicable GST, making charges and jeweller-specific premiums are included.

India imports a substantial proportion of its gold requirement. If the international or landed price of gold rises while physical import volumes remain unchanged, the value of the country's gold import bill increases.

The eventual effect on merchandise imports and the external balance depends on both prices and actual import volumes.

Higher underlying gold values can raise the market value of gold pledged as collateral.

The amount that can be advanced against that collateral, however, continues to depend on applicable loan-to-value requirements, lender policies, valuation haircuts and regulatory rules rather than the market price alone.

Gold is closely monitored alongside the US dollar, global interest rates, bond yields and risk preferences.

These cross-asset relationships provide context for changes in bullion prices, but a movement in gold by itself does not determine the direction of Indian equities or any individual stock.

IBJA 999-purity gold was ₹1,41,062 per 10 grams in the November 4 AM fixing.

IBJA 999 gold increased by ₹2,944 per 10 grams, or approximately 2.13%, from the November 3 AM fixing of ₹1,38,118.

IBJA Silver 999 stood at ₹1,84,200 per kg in the AM fixing, up ₹6,900 or about 3.89% from ₹1,77,300 per kg on November 3.

No. The quoted IBJA benchmark rates exclude 3% GST and jewellery-making charges.