Gold Silver Prices 10 November: Spot Gold Down 0.61% Before CPI
Spot gold traded around $4,114.720 an ounce and spot silver near $52.999 on Tuesday, November 10, 2026, as investors waited for US inflation data. Indian retail rates for 24-karat gold ranged from ₹143,140 to ₹143,800 per 10 grams across six major cities.
Gold and silver prices fell on Tuesday, November 10, 2026, as investors waited for a key US inflation report. Spot gold traded around $4,114.720 per ounce, down 0.61%, while spot silver stood near $52.999 per ounce, down 0.75%, according to TradingView data as of 8:51 am.
Spot prices are the current price for immediate delivery. The drop came amid uncertainty over the US Federal Reserve's interest rate outlook.
Indian futures and retail rates
On India's Multi Commodity Exchange (MCX), the December 4 gold futures contract closed 0.04% lower at ₹1,43,106 per 10 grams on November 9. Silver futures declined 0.06% to ₹1,87,015 per kilogram. Buying during the Dhanteras and Diwali festive period preceded those moves.
MCX is closed for its morning session on Tuesday because of Diwali-Balipratipada. Trading resumes in the evening session from 5 pm to 11:30 pm or 11:55 pm.
Retail rates on November 10, according to bullion data, were:
New Delhi: 24-karat gold ₹143,140 per 10 grams, 22-karat gold ₹131,212, silver 999 ₹187,050 per kilogram.
Mumbai: 24-karat ₹143,380, 22-karat ₹131,432, silver ₹187,380.
Bengaluru: 24-karat ₹143,500, 22-karat ₹131,542, silver ₹187,520.
Kolkata: 24-karat ₹143,190, 22-karat ₹131,258, silver ₹187,130.
Hyderabad: 24-karat ₹143,610, 22-karat ₹131,643, silver ₹187,670.
Chennai: 24-karat ₹143,800, 22-karat ₹131,817, silver ₹187,920.
Prices vary across jewellers and locations. Twenty-four-karat gold is the purest form, while 22-karat gold is widely used in jewellery because it is more durable.
What is moving the market
Manav Modi, a commodities analyst at Motilal Oswal Financial Services, said gold rebounded above $4,100 on Monday. Investors weighed stronger-than-expected US jobs data against softer Treasury yields and hopes of easing geopolitical tensions.
October non-farm payrolls rose by 165,000, well above market expectations of 65,000. The unemployment rate declined to 4.1% from 4.2%.
Modi said, "Markets continue to assign nearly an 80% probability to a December hike." He added that Democratic victories in both chambers of Congress have fuelled expectations of limits on US defence spending and borrowing, and hopes for progress toward ending the Iran conflict.
Those developments had earlier pushed Treasury yields and crude prices lower, which supported bullion, Modi said. He said the focus this week shifts to US inflation data.
The US Bureau of Labor Statistics is due to release the October 2026 Consumer Price Index report at 8:30 am ET on November 10, around 7 pm in India. Modi said the report could reset expectations for inflation and interest rates.
