Gold Prices After US Midterm Results: Do Gold and Silver Regain Shine for Dhanteras Gold Buying, and What Do Experts Expect by December 2026?
- November 5, 2026
- Posted by: Ankit Jaiswal
- Category: Market
MCX Dec gold Rs 1,45,146 per 10 gm (+1.33%), silver Rs 1,89,021 per kg (+0.69%). About 4:15 PM IST, 5 Nov 2026. Expert view: Rs 1,55,000 by December.
Quick Answer
Gold prices after US midterm results jumped, and Dhanteras gold buying on 6 November 2026 starts from higher levels. MCX December gold was Rs 1,45,146 per 10 grams, up 1.33%, and silver Rs 1,89,021 per kg. Experts quoted by Mint see gold near Rs 1,55,000 by December, about 6.8% above today’s price, but forecasts can miss.
Gold prices after US midterm results jumped, and Dhanteras gold buying on 6 November 2026 starts from higher levels, with MCX December gold at Rs 1,45,146 per 10 grams, up 1.33%, as of about 4:15 PM IST on 5 November 2026. Silver was at Rs 1,89,021 per kg, up 0.69%. This guide covers what moved prices, what experts expect, the risks and how to compare ways to buy. It is not investment advice.
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Gold and Silver Prices Today
| Instrument | Level | Change |
|---|---|---|
| MCX December gold (per 10 grams) | Rs 1,45,146 | +1.33% |
| Day range (gold) | Rs 1,44,555 to Rs 1,46,109 | |
| MCX December silver (per kg) | Rs 1,89,021 | +0.69% |
| COMEX December gold (settled 4 November) | USD 4,073 per ounce | +3.37% |
| COMEX December silver (settled 4 November) | USD 52.28 per ounce | +5.08% |
MCX gold settled at Rs 1,43,234 on 4 November, up 2.71%, and silver at Rs 1,87,735, up 4.47%, according to Zee Business. Press reports said it was gold’s biggest daily gain since mid-August. By our arithmetic, the gold-silver price ratio is about 77. Domestic retail prices differ from MCX futures because of GST, making charges and local rates.
Why Did Gold and Silver Rally After the US Midterms?
Press reports said the midterm results gave Democrats control of Congress. Analysts linked the metal rally to a weaker US dollar, which touched a one-month low, lower Treasury yields and political uncertainty over the policy agenda. Manoj Kumar Jain of Prithvi Finmart also pointed to a sharp fall in crude oil and the possibility of an end to the US-Iran conflict. These are market explanations and can change quickly.
The move follows a weak stretch. One market report said gold was still down about 6% to 7% in 2026 after falling more than 26% from a January record above USD 5,300, and silver was down about 28% for the year. The rally is a rebound, not a new high.
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What Experts Expect: Gold by December 2026
| Source | View |
|---|---|
| Experts quoted by Mint | COMEX gold near USD 4,400 and Indian gold near Rs 1,55,000 per 10 grams by end of December 2026 |
| Kotak Neo (Anindya Banerjee, to ANI) | MCX gold could rally towards Rs 1,55,000 to Rs 1,56,000; silver Rs 2,05,000 to Rs 2,10,000 |
| Religare Broking | Gold targets of Rs 1.50 lakh and Rs 1.58 lakh; accumulation range Rs 1.30 to Rs 1.35 lakh; downside Rs 1.21 lakh |
| Axis Direct | Rs 1,65,000 to Rs 1,71,000 by next Dhanteras; resistance near Rs 1,60,000 |
| Reuters poll of analysts (27 October) | Median 2026 average gold price of USD 4,495 per ounce |
From the latest MCX price, Rs 1,55,000 is about 6.8% higher, and USD 4,400 is about 6.1% above the roughly USD 4,146 level reported on 5 November. These are opinions, not forecasts we endorse. Axis Direct also noted that gold is about 22% below its peak of Rs 1,80,000 and has returned nearly 8% since last Dhanteras.
Is Dhanteras a Good Time to Buy Gold? How to Compare Options
| Way to buy | Points to check |
|---|---|
| Jewellery | Making charges, GST and BIS hallmark; resale value is often lower |
| Coins and bars | Purity, buyback terms and the premium over the market rate |
| Gold ETFs | No making charges; needs a demat account; check the expense ratio |
| Digital gold | Check the provider’s storage, charges and regulation |
A festival date does not change the price risk. Prices can move on global news before and after Dhanteras, so some buyers spread purchases over several weeks. Listed jewellers such as Titan and Kalyan Jewellers are also sensitive to gold prices and festive demand.
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Risks to Weigh
| Risk | Why it matters |
|---|---|
| Rebound may fade | A relief rally after a weak year can reverse |
| US dollar and yields | A recovery in either can pressure gold |
| Rupee | Domestic prices also depend on the exchange rate |
| Forecast error | Targets from brokerages and experts can be missed |
| Import duty | Policy changes can affect domestic prices |
Conclusion
Gold prices after US midterm results have recovered, and experts see further upside by December, but the move follows a sharp fall this year. For Dhanteras gold buying, compare the form, the price and the charges, and avoid committing more than you planned.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Gold Prices After the US Midterm Results
Why did gold prices rise after the US midterm results?
Ans. Press reports linked the rise to a weaker US dollar, lower Treasury yields and political uncertainty after the midterms. A sharp fall in crude oil also helped. COMEX December gold settled at USD 4,073, up 3.37%, on 4 November.
What is the gold price today before Dhanteras?
Ans. MCX December gold traded at Rs 1,45,146 per 10 grams, up 1.33%, as of about 4:15 PM IST on 5 November 2026, with a range of Rs 1,44,555 to Rs 1,46,109. Retail prices differ because of GST, making charges and local rates.
What is the silver price today?
Ans. MCX December silver traded at Rs 1,89,021 per kg, up 0.69%, as of about 4:15 PM IST on 5 November 2026. COMEX December silver settled at USD 52.28 per ounce on 4 November, up 5.08%.
What do experts expect for gold by December 2026?
Ans. Experts quoted by Mint see COMEX gold near USD 4,400 and Indian gold near Rs 1,55,000 per 10 grams by end of December 2026. Kotak Neo sees MCX gold moving towards Rs 1,55,000 to Rs 1,56,000. Religare Broking lists targets of Rs 1.50 lakh and Rs 1.58 lakh.
Is it a good time to buy gold on Dhanteras?
Ans. Univest cannot say whether it is a good time. Dhanteras is a traditional buying day, but prices can change quickly with global news. Compare jewellery, coins, ETFs and digital gold on charges and purity, and avoid putting in more than you planned.
Is gold still below its record high?
Ans. Yes. One market report said gold fell more than 26% from its January record above USD 5,300 and was still down about 6% to 7% for 2026. Axis Direct said it was about 22% below the Rs 1,80,000 peak in rupee terms.
What are the risks of buying gold after a rally?
Ans. The rebound may fade if the US dollar or Treasury yields recover, and forecasts can be missed. Domestic prices also depend on the rupee and import duty. Jewellery adds making charges and usually has a lower resale value.
Should I buy gold or silver now?
Ans. Univest cannot give personal advice. Decide how much of your savings you want in precious metals, compare ways to buy, and consult a SEBI-registered adviser before acting on any target.
