Gold prices in Coimbatore rose on Wednesday, November 4, 2026, mirroring global trends as markets awaited the United States midterm election results and non-farm payrolls data. Spot gold climbed 0.5% to $3,947.49 per ounce by 0415 GMT, while US gold futures for December delivery increased 0.5% to $3,958.00. Other precious metals saw declines, with spot silver falling 0.8% to $49.38, platinum slipping 1.2% to $1,399.72, and palladium dropping 0.2% to $932.07.
Chris Weston, head of research at Pepperstone, attributed the gold price surge to a weaker US dollar and a decline in US Treasury yields. He noted that demand for gold as a hedge against a potentially unpredictable Trump administration was driving investor interest. In domestic markets, gold prices in futures trade rose by ₹510 to ₹1,39,962 per 10 grams on the Multi Commodity Exchange (MCX).
At the time of writing, gold bullion was trading at ₹1,42,450 per 10 grams, while silver was at ₹1,85,930 per kg. In Coimbatore, the 24-karat gold price stood at ₹1,42,880 per 10 grams, with 22-karat and 18-karat gold priced at ₹1,30,973 and ₹1,07,160 per 10 grams, respectively. Silver 999 Fine was priced at ₹1,87,040 per kg.
The article also provided gold and silver rates across other major Indian cities, including Mumbai, Delhi, Bangalore, Kolkata, Chennai, Hyderabad, and Ahmedabad. Prices varied slightly but followed the overall national trend. The report concluded with a disclaimer advising investors to consult certified experts before making any investment decisions.