MCX Gold vs MCX Silver rates today, 2 Nov: Check how precious metals are performing on Monday amid Sensex, Nifty surge - Livemint

AI desk brief

MCX gold and silver traded higher on 2 Nov, with gold at ₹1,39,112/10g (+₹627, +0.42%) and silver at ₹1,81,999/kg (+₹2,867, +1.57%) by late morning. Silver outperformed gold, with an intraday high of ₹1,82,701, while gold touched ₹1,39,179; the move came alongside a strong rebound in Indian equities, so the metals bid appears more driven by external commodity/geopolitical factors than local risk aversion alone.

The article links support to expectations around the US midterm elections, softer crude, hopes of progress in US-Iran tensions, and broader geopolitical volatility. It also flags that interest-rate expectations and the rupee/USD will likely be key near-term drivers, with the author warning that one session does not confirm a lasting trend.