The persistent rout in bullion is being driven by energy market volatility alongside persistent inflation and hawkish U.S. Federal Reserve policy signals. In response, analysts project that precious metals will stay range-bound in the near term due to the headwinds of a strengthening dollar, rising bond yields, and elevated borrowing costs. Additionally, silver is facing unique downward pressure fueled by specific concerns regarding a slowdown in industrial demand.
Key points
Stronger-than-expected inflation metrics and anticipated Federal Reserve interest rate hi…: Stronger-than-expected inflation metrics and anticipated Federal Reserve interest rate hikes are curbing appetite for non-yielding bullion.
Silver prices face compounded selling pressure due to deepening worries surrounding ongoi…: Silver prices face compounded selling pressure due to deepening worries surrounding ongoing industrial demand.
Analysts expect gold to stay range-bound as climbing bond yields and a firmer dollar cap…: Analysts expect gold to stay range-bound as climbing bond yields and a firmer dollar cap potential recoveries.
Sources checked by our analysis pipeline: 1
Gold witnessed its worst-ever October and it seems like the weakness appears far from over, as gold and silver rates continued to fall and remained on track to reach December 2025 levels. The sharp correction in precious metals came as crude oil price volatility, sticky inflation, and US Federal Reserve’s outlook continued to weigh on investors sentiment.
As gold prices remained weak on Sunday, November 1, let’s understand key factors that are dragging the yellow metal’s momentum.
Gold price crash continues, on track to reach December 2025 levels
The gold rate in India saw a sharp decline on Sunday, November 1, 2026. Gold of 99.9% purity declined by ₹3,200 to ₹1,42,000 per 10 grams, including all taxes, PTI reported citing the All India Sarafa Association. The precious metal closed at ₹1,45,200 per 10 grams on Friday. The precious metal was quoted at ₹1,42,300 per 10 grams on December 26, 2025.
Silver rate in India continues to crash
Silver's roller-coaster ride in 2026 appears to be heading towards another steep downturn, with prices on track to retreat to their December 2025…
Utssav CZ Gold Jewels is rewarding investors by funding a capital expansion through its securities premium, free reserves, and retained earnings. This corporate action will effectively double the jewellery manufacturer's existing paid-up capital and outstanding shares once regulatory clearances are secured. Despite recent technical pullbacks, the move reflects substantial balance sheet strength built during an aggressive multi-fold market rally this year.
Robust economic activity and a sharp surge in imports provided a significant boost to India's fiscal receipts during the month. Net revenue experienced an even stronger expansion after accounting for taxpayer refunds, indicating healthy underlying consumption trends. Major state economies across the nation maintained solid growth trajectories, with smaller regions posting substantial momentum in their tax intake.
The Ahmedabad-headquartered bio-pharmaceutical manufacturer Concord Biotech has finalized plans to reward existing equity holders through corporate action. Investors must hold the company's stock by Tuesday, November 3, to qualify for the distribution ahead of the midweek eligibility cutoff. This corporate reward comes as the business navigates mixed trading momentum across diverse market timeframes.