Gold Prediction for Monday, 2 November 2026
- October 30, 2026
- Posted by: Ankit Jaiswal
- Category: Uncategorized
Gold traded at Rs 141,480.00 per 10 grams on MCX, down 0.78%, on the 4 December 2026 futures. Nifty 50 rose 0.51%. India VIX rose 1.19% to 15.30. Next session is Monday, 2 November.
Quick Answer
The gold prediction for monday is mildly cautious for Monday, 2 November 2026. Gold traded at Rs 141,480.00 per 10 grams on the 4 December futures, down 0.78 percent, and sits well below the previous close of 142,596. The day’s high of 142,574 never reached that level, so the price spent the whole session under it.
This gold prediction for monday follows a Friday, 30 October 2026 session in which gold futures on MCX fell 0.78 percent after trading between 141,177 and 142,574, and closed well below the previous close of 142,596.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking gold and global cues through the weekend, with the next trading session on Monday, 2 November 2026.
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What Friday Told Us
- Gold traded at Rs 141,480.00 per 10 grams, down 0.78 percent on the 4 December 2026 futures, with a high of 142,574.00 and a low of 141,177.00.
- Nifty 50 rose 0.51 percent.
- India VIX rose 1.19 percent to 15.30.
Gold Prediction for Monday: Key Levels
Gold (4 December 2026 futures) traded between 141,177.00 and 142,574.00 on Friday, against a previous close of 142,596.00, and settled at 141,480.00. On the downside, 141,177.00 is the first reference level to watch if the day’s move is tested. On the upside, 142,574.00 and 142,596.00 mark the nearest resistance. Univest’s analysts treat these as reference points drawn from Friday’s trading range, not as targets.
| Trend | Support | Resistance |
|---|---|---|
| Negative | 141,177.00 | 142,574.00, 142,596.00 |
MCX contracts keep trading into the evening, so the last traded price can differ from the figures above by the time you read this. The levels here use the 4 December 2026 contract.
For traders, this gold prediction for monday is a framework for planning risk, with position size and stop levels left to the individual.
Key Drivers for Monday
- Gold fell 0.78 percent on the MCX 4 December contract, with a high of 142,574.00 and a low of 141,177.00.
- The price recovered about 303 rupees from the low but stayed under the previous close.
- Movement in the US Dollar Index, which usually has an inverse relationship with bullion prices on MCX.
Ankit Jaiswal and Kunal Singla suggest revisiting this gold prediction for monday after the first thirty minutes of Monday’s trade.
Anyone following this gold prediction for monday should keep the next session’s opening range in view before reading too much into early moves.
Nothing in this gold prediction for monday is a promise of returns, and every level quoted can fail.
What to Watch Alongside Gold
Titan Company and other jewellery retailers tend to see near-term demand shift when gold prices move sharply, though Univest is not tracking a specific jewellery stock move today. Silver fell 2.78 percent, so silver fell more than three times as much as gold.
How Friday’s Broader Session Unfolded
The Nifty 50 closed at 23,053.10, up 0.51 percent, with a high of 23,118.10 and a low of 22,905.10. The Sensex closed at 74,459.53, up 0.42 percent, while the Bank Nifty closed at 54,686.95, down 0.41 percent. India VIX, the market’s fear gauge, rose 1.19 percent to 15.30, after ranging between 14.47 and 15.70 during the session. The Nifty 50 gained about 2.0 percent over the week from last Friday’s close of 22,600.00 and is about 0.4 percent below its close of 23,146.15 on 16 October. The Nifty Midcap 50 fell 0.86 percent and the Nifty Next 50 fell 0.61 percent, so the broader market lagged the headline index. Nifty IT rose 2.32 percent and Nifty Pharma rose 1.55 percent, while Nifty PSU Bank fell 0.93 percent and Nifty Auto fell 0.87 percent. The trigger for the split between large and broader stocks was not independently confirmed.
Univest’s analysts suggest treating this gold prediction for monday as a preparation note for Monday, 2 November 2026, rather than a signal that changes over the weekend.
Analyst View for Monday
Kunal Singla suggests that gold needs to reclaim 142,596, the previous close, before the tone improves, with 141,177 the support to watch.
Ankit Jaiswal flags that silver’s much sharper fall points to soft bullion sentiment overall, so a weekend move in the dollar could set the tone for Monday’s open.
This gold prediction for monday will be most useful when read alongside the support and resistance table above.
Why This Is Written for Monday
This gold prediction for monday is written after the close on Friday, 30 October 2026, using Friday’s closing data, for the next regular trading session on Monday, 2 November 2026. Indian equity markets are closed on Saturday, 31 October, and Sunday, 1 November, so Friday’s closing prices remain the last cash-market data until trading resumes on Monday. Treat it as a briefing to prepare for that session, not a live call that updates over the weekend.
MCX futures trade late into Friday night and then pause for the weekend, so global moves after Friday’s close can open Monday with a gap.
A fair reading of this gold prediction for monday is that Friday’s data sets the context, while Monday’s first hour decides how much of it carries forward.
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Risks to This Prediction
- A firmer US Dollar Index when global trade resumes could extend the fall toward Friday’s low of 141,177.
- A rebound in global bullion could lift gold back toward the previous close of 142,596.
- A weekend news gap can exaggerate short-term moves in the first minutes of Monday’s trade.
Readers comparing views should note that this gold prediction for monday draws only on Friday’s closing numbers and the factors listed here.
As with any gold prediction for monday, the opening minutes of Monday’s trade will confirm or challenge the levels discussed here.
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The gold prediction for monday also depends on India VIX, so a fresh rise in volatility would weaken the case made here.
Conclusion
The gold prediction for monday leans mildly cautious into 2 November 2026, with global cues and the US Dollar Index as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Monday’s opening trade confirms direction.
Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.
Frequently Asked Questions
What is the gold prediction for monday?
Ans. It is mildly cautious for 2 November 2026, after Gold traded at Rs 141,480.00 per 10 grams on Friday, down 0.78 percent.
Why is this a prediction for Monday, 2 November 2026?
Ans. Because Indian equity markets are closed on Saturday and Sunday, so the next regular trading session after Friday, 30 October 2026, is Monday, 2 November 2026.
Why did gold fall on Friday?
Ans. Gold fell 0.78 percent on the MCX 4 December contract after a range of about 1,400 rupees. The specific reason was not independently confirmed.
What levels matter for gold on Monday?
Ans. Friday’s low of 141,177.00 is the nearest support below the price, while Friday’s high of 142,574.00 and the previous close of 142,596.00 are the nearest resistance.
Is this a buy or sell call?
Ans. No. This is an educational outlook from Univest’s research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.
