{"id":339461,"date":"2026-11-04T16:37:06","date_gmt":"2026-11-04T11:07:06","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=339461"},"modified":"2026-11-04T16:37:06","modified_gmt":"2026-11-04T11:07:06","slug":"us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/","title":{"rendered":"US Midterm Elections Impact on Gold: Why Silver Prices in India Jumped Over 4% as the Dollar and Treasury Yields Fell"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>MCX gold Dec fut Rs 1,42,736 per 10 g (+2.35%); silver Rs 1,86,950 per kg (+4.04%). Spot gold about $4,016, silver about $51.7. Data at 4:30 PM IST, 4 Nov 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The US midterm elections impact on gold was clear on 4 November 2026, with MCX December gold futures up 2.35% to Rs 1,42,736 per 10 grams. Silver prices in India rose 4.04% to Rs 1,86,950 per kg as a weaker dollar and falling Treasury yields lifted both metals.<\/p>\n<\/p><\/div>\n<p>The <strong>US midterm elections impact on gold<\/strong> showed up in a single session: MCX December gold futures rose 2.35% to Rs 1,42,736 per 10 grams, while <strong>silver prices in India<\/strong> jumped 4.04% to Rs 1,86,950 per kg. Press reports say Democrats won control of both chambers of Congress, which weakened the dollar and pulled Treasury yields down. This guide explains the drivers, the price levels analysts are watching and the risks.<\/p>\n<p>MCX prices are as of about 4:30 PM IST on 4 November 2026. The election result is attributed to press reports from Business Today, Mint and Seeking Alpha, and we do not quote seat counts. Analyst levels belong to the brokerages named, not to Univest. This is not a recommendation.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#Gold_and_Silver_Prices_in_India_Today\" title=\"Gold and Silver Prices in India Today\">Gold and Silver Prices in India Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#Why_Did_Gold_and_Silver_Rise_After_the_US_Midterm_Elections\" title=\"Why Did Gold and Silver Rise After the US Midterm Elections?\">Why Did Gold and Silver Rise After the US Midterm Elections?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#What_History_Says_About_Gold_After_US_Midterms\" title=\"What History Says About Gold After US Midterms\">What History Says About Gold After US Midterms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#Silver_Prices_in_India_Analyst_Levels_to_Watch\" title=\"Silver Prices in India: Analyst Levels to Watch\">Silver Prices in India: Analyst Levels to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#Demand_Check_Indias_Gold_Market_and_Jewellery_Stocks\" title=\"Demand Check: India&#x27;s Gold Market and Jewellery Stocks\">Demand Check: India&#x27;s Gold Market and Jewellery Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#Risks_to_Check_Before_Acting_on_Gold_and_Silver_Moves\" title=\"Risks to Check Before Acting on Gold and Silver Moves\">Risks to Check Before Acting on Gold and Silver Moves<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#Frequently_Asked_Questions_on_US_Midterm_Elections_Impact_on_Gold\" title=\"Frequently Asked Questions on US Midterm Elections Impact on Gold\">Frequently Asked Questions on US Midterm Elections Impact on Gold<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#What_is_the_US_midterm_elections_impact_on_gold\" title=\"What is the US midterm elections impact on gold?\">What is the US midterm elections impact on gold?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#Why_did_silver_prices_in_India_rise_more_than_gold\" title=\"Why did silver prices in India rise more than gold?\">Why did silver prices in India rise more than gold?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#What_were_the_gold_and_silver_prices_in_India_on_4_November_2026\" title=\"What were the gold and silver prices in India on 4 November 2026?\">What were the gold and silver prices in India on 4 November 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#How_did_global_gold_and_silver_prices_move\" title=\"How did global gold and silver prices move?\">How did global gold and silver prices move?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#What_levels_is_Religare_Broking_watching\" title=\"What levels is Religare Broking watching?\">What levels is Religare Broking watching?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#Does_gold_usually_rise_after_US_midterm_elections\" title=\"Does gold usually rise after US midterm elections?\">Does gold usually rise after US midterm elections?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#What_will_drive_gold_next\" title=\"What will drive gold next?\">What will drive gold next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-elections-impact-on-gold-silver-prices-in-india-mcx-levels\/#Should_I_buy_gold_or_silver_after_the_midterm_rally\" title=\"Should I buy gold or silver after the midterm rally?\">Should I buy gold or silver after the midterm rally?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Gold_and_Silver_Prices_in_India_Today\"><\/span><strong>Gold and Silver Prices in India Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Contract (MCX)<\/th>\n<th>Price<\/th>\n<th>Day change<\/th>\n<th>Day range<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Gold, December futures<\/td>\n<td>Rs 1,42,736 per 10 g<\/td>\n<td>+2.35%<\/td>\n<td>Rs 1,39,177 to Rs 1,42,957<\/td>\n<\/tr>\n<tr>\n<td>Silver, December futures<\/td>\n<td>Rs 1,86,950 per kg<\/td>\n<td>+4.04%<\/td>\n<td>Rs 1,77,600 to Rs 1,87,422<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The <strong>US midterm elections impact on gold<\/strong> and silver prices in India began from gold&#8217;s previous close of Rs 1,39,452 and silver&#8217;s was Rs 1,79,698. Both metals traded close to their day highs, which shows the buying lasted through the session. Gold is still about 3% below its mid-October levels of roughly Rs 1,47,300 to Rs 1,47,650, by our arithmetic from earlier MCX prints.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_Gold_and_Silver_Rise_After_the_US_Midterm_Elections\"><\/span><strong>Why Did Gold and Silver Rise After the US Midterm Elections?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Driver<\/th>\n<th>What reports said<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Weaker US dollar<\/td>\n<td>A softer dollar makes dollar-priced bullion more affordable for overseas buyers<\/td>\n<\/tr>\n<tr>\n<td>Lower Treasury yields<\/td>\n<td>Pepperstone&#8217;s Chris Weston cited a sharp fall in nominal and real yields<\/td>\n<\/tr>\n<tr>\n<td>Political uncertainty<\/td>\n<td>Demand for protection against a more unpredictable Trump administration<\/td>\n<\/tr>\n<tr>\n<td>Policy gridlock<\/td>\n<td>A divided Congress can block parts of the President&#8217;s agenda<\/td>\n<\/tr>\n<tr>\n<td>Falling crude oil<\/td>\n<td>NewsBytes linked the rally to lower crude and a weaker dollar<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The <strong>US midterm elections impact on gold<\/strong> also ran through global markets, where stocks slumped as the dollar softened, which pushed money towards safe-haven assets. Spot gold rose about 2.2% to near $4,016 an ounce per Reuters, while Seeking Alpha reported a gain of 2.92% to $4,046. Spot silver gained about 3.8% to roughly $51.67. Investors are also waiting for the US non-farm payrolls data later this week for clues on Federal Reserve policy.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track gold-linked stocks on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_History_Says_About_Gold_After_US_Midterms\"><\/span><strong>What History Says About Gold After US Midterms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Source<\/th>\n<th>Finding<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>World Gold Council (via Kitco, 2022)<\/td>\n<td>Gold rose in 62% of six-month windows after midterms since 1970, with a median gain of 2%<\/td>\n<\/tr>\n<tr>\n<td>FXEmpire (September 2026)<\/td>\n<td>Gold bounced after the vote in 2014, 2018 and 2022, though only two of three lows held<\/td>\n<\/tr>\n<tr>\n<td>Reuters (November 2018)<\/td>\n<td>After Democrats won the House, spot gold rose only 0.3% as the result was largely expected<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>History is mixed, and the <strong>US midterm elections impact on gold<\/strong> has varied. The <strong>US midterm elections impact on gold<\/strong> in 2018 was small because the outcome had been priced in. This year the move was larger since the result, as described by Mint and Business Today, came with a sharp drop in yields. A one-day rally also does not guarantee that the gains hold through the next sessions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Silver_Prices_in_India_Analyst_Levels_to_Watch\"><\/span><strong>Silver Prices in India: Analyst Levels to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Level (Religare Broking)<\/th>\n<th>Gold per 10 g<\/th>\n<th>Silver per kg<\/th>\n<th>Distance from today<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Accumulation range<\/td>\n<td>Rs 1.30 to 1.35 lakh<\/td>\n<td>Rs 1.50 to 1.63 lakh<\/td>\n<td>Gold about 5% to 9% lower; silver about 13% to 20% lower<\/td>\n<\/tr>\n<tr>\n<td>Key downside level<\/td>\n<td>Rs 1.21 lakh<\/td>\n<td>Rs 1.09 lakh<\/td>\n<td>Gold about 15% lower; silver about 42% lower<\/td>\n<\/tr>\n<tr>\n<td>Headline question in report<\/td>\n<td>Rs 1.58 lakh<\/td>\n<td>Rs 2.55 lakh<\/td>\n<td>Gold about 11% higher; silver about 36% higher<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>For readers tracking the <strong>US midterm elections impact on gold<\/strong>, these levels come from Religare Broking as reported by Business Today and are not Univest&#8217;s views. The distance column is our arithmetic against today&#8217;s MCX prices. The wide gap between silver&#8217;s downside level and its current price shows how volatile <strong>silver prices in India<\/strong> can be compared with gold.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Demand_Check_Indias_Gold_Market_and_Jewellery_Stocks\"><\/span><strong>Demand Check: India&#x27;s Gold Market and Jewellery Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On demand, the World Gold Council said on 3 November that India&#8217;s gold demand is expected to fall to a six-year low in 2026, as elevated prices weigh on jewellery sales and investment demand. Bonanza Portfolio&#8217;s Nirpendra Yadav said the current drivers may lift gold and silver for now, but longer-term prices depend on actual demand and market stability.<\/p>\n<p>Jewellery shares reacted positively to the move in silver prices in India and gold. <a href=\"https:\/\/univest.in\/stocks\/titan\/titan-company-ltd-share-price-today\">Titan<\/a> rose 4.22% to Rs 4,754.40 and <a href=\"https:\/\/univest.in\/stocks\/kalyankjil\/kalyan-jewellers-india-ltd-share-price-today\">Kalyan Jewellers India<\/a> gained 4.10% to Rs 529.05 on the NSE. For a wider look at the sector, see our guide to <a href=\"https:\/\/univest.in\/blogs\/jewellery-stocks-to-buy\">jewellery stocks to buy<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Check_Before_Acting_on_Gold_and_Silver_Moves\"><\/span><strong>Risks to Check Before Acting on Gold and Silver Moves<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Risk<\/th>\n<th>Why it matters<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Reversal in the dollar<\/td>\n<td>A rebound in the dollar or yields can erase gains quickly<\/td>\n<\/tr>\n<tr>\n<td>US payrolls data<\/td>\n<td>Strong jobs data can revive Fed rate-hike worries<\/td>\n<\/tr>\n<tr>\n<td>Weak physical demand<\/td>\n<td>The WGC expects a six-year low for India in 2026<\/td>\n<\/tr>\n<tr>\n<td>Silver volatility<\/td>\n<td>Silver moved 4.04% in a day against 2.35% for gold<\/td>\n<\/tr>\n<tr>\n<td>MCX contract choice<\/td>\n<td>Different contracts show different percentage moves<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track gold, silver and market alerts on your phone.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>US midterm elections impact on gold<\/strong> came through the dollar, yields and political uncertainty, lifting MCX gold 2.35% and silver 4.04%. Whether the rally in silver prices in India lasts depends on US data, the Federal Reserve and physical demand in India. Treat analyst levels as reference points, not forecasts, and check live prices before any decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_US_Midterm_Elections_Impact_on_Gold\"><\/span><strong>Frequently Asked Questions on US Midterm Elections Impact on Gold<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_US_midterm_elections_impact_on_gold\"><\/span><strong>What is the US midterm elections impact on gold?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Gold rose after press reports said Democrats won control of both chambers of Congress. MCX December futures gained 2.35% to Rs 1,42,736 per 10 grams, helped by a weaker dollar, lower Treasury yields and demand for protection against policy uncertainty.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_silver_prices_in_India_rise_more_than_gold\"><\/span><strong>Why did silver prices in India rise more than gold?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> MCX December silver futures rose 4.04% to Rs 1,86,950 per kg against 2.35% for gold. Silver is more volatile than gold because it has both investment and industrial demand, so it often moves by a larger percentage in both directions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_gold_and_silver_prices_in_India_on_4_November_2026\"><\/span><strong>What were the gold and silver prices in India on 4 November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At about 4:30 PM IST, MCX December gold futures traded at Rs 1,42,736 per 10 grams with a range of Rs 1,39,177 to Rs 1,42,957. Silver traded at Rs 1,86,950 per kg with a range of Rs 1,77,600 to Rs 1,87,422.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_global_gold_and_silver_prices_move\"><\/span><strong>How did global gold and silver prices move?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reuters reported spot gold up about 2.2% at $4,016.01 an ounce, while Seeking Alpha reported a 2.92% rise to $4,046.31. Spot silver gained about 3.8% to near $51.67 an ounce on the same day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_levels_is_Religare_Broking_watching\"><\/span><strong>What levels is Religare Broking watching?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Religare Broking has an accumulation range of Rs 1.30 to 1.35 lakh per 10 grams for gold and Rs 1.50 to 1.63 lakh per kg for silver. Its key downside levels are Rs 1.21 lakh for gold and Rs 1.09 lakh for silver.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_gold_usually_rise_after_US_midterm_elections\"><\/span><strong>Does gold usually rise after US midterm elections?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Not reliably. The World Gold Council found gold rose in 62% of six-month windows after midterms since 1970, with a median gain of 2%. In 2018, gold rose just 0.3% after the Democratic House win, since the result was widely expected.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_will_drive_gold_next\"><\/span><strong>What will drive gold next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Traders are watching US non-farm payrolls data, Federal Reserve signals, the dollar and Treasury yields. For India, physical demand also matters, since the World Gold Council expects it to fall to a six-year low in 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_gold_or_silver_after_the_midterm_rally\"><\/span><strong>Should I buy gold or silver after the midterm rally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article cannot give a personal recommendation. Compare your time horizon, the risk of a reversal, contract choice and costs, and consult a SEBI-registered advisor before investing in gold or silver.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the US midterm elections impact on gold?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Gold rose after press reports said Democrats won control of both chambers of Congress. MCX December futures gained 2.35% to Rs 1,42,736 per 10 grams, helped by a weaker dollar, lower Treasury yields and demand for protection against policy uncertainty.\"}},{\"@type\":\"Question\",\"name\":\"Why did silver prices in India rise more than gold?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"MCX December silver futures rose 4.04% to Rs 1,86,950 per kg against 2.35% for gold. Silver is more volatile than gold because it has both investment and industrial demand, so it often moves by a larger percentage in both directions.\"}},{\"@type\":\"Question\",\"name\":\"What were the gold and silver prices in India on 4 November 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"At about 4:30 PM IST, MCX December gold futures traded at Rs 1,42,736 per 10 grams with a range of Rs 1,39,177 to Rs 1,42,957. Silver traded at Rs 1,86,950 per kg with a range of Rs 1,77,600 to Rs 1,87,422.\"}},{\"@type\":\"Question\",\"name\":\"How did global gold and silver prices move?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reuters reported spot gold up about 2.2% at $4,016.01 an ounce, while Seeking Alpha reported a 2.92% rise to $4,046.31. Spot silver gained about 3.8% to near $51.67 an ounce on the same day.\"}},{\"@type\":\"Question\",\"name\":\"What levels is Religare Broking watching?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Religare Broking has an accumulation range of Rs 1.30 to 1.35 lakh per 10 grams for gold and Rs 1.50 to 1.63 lakh per kg for silver. Its key downside levels are Rs 1.21 lakh for gold and Rs 1.09 lakh for silver.\"}},{\"@type\":\"Question\",\"name\":\"Does gold usually rise after US midterm elections?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not reliably. The World Gold Council found gold rose in 62% of six-month windows after midterms since 1970, with a median gain of 2%. In 2018, gold rose just 0.3% after the Democratic House win, since the result was widely expected.\"}},{\"@type\":\"Question\",\"name\":\"What will drive gold next?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Traders are watching US non-farm payrolls data, Federal Reserve signals, the dollar and Treasury yields. For India, physical demand also matters, since the World Gold Council expects it to fall to a six-year low in 2026.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy gold or silver after the midterm rally?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article cannot give a personal recommendation. Compare your time horizon, the risk of a reversal, contract choice and costs, and consult a SEBI-registered advisor before investing in gold or silver.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US midterm elections impact on gold: MCX gold rose 2.35% and silver prices in India jumped 4.04% on a weaker dollar. See the drivers, levels and risks.<\/p>\n","protected":false},"author":35,"featured_media":339459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4390,7954,15235,20057,7918,20056,20058],"class_list":["post-339461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-gold-rate-today","tag-mcx-gold","tag-mcx-silver","tag-silver-prices-in-india","tag-treasury-yields","tag-us-midterm-elections-impact-on-gold","tag-weaker-dollar"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["339459"],"rank_math_title":["US Midterm Elections Impact on Gold: Silver Prices in India"],"rank_math_description":["US midterm elections impact on gold and silver prices in India: MCX gold rose 2.35% and silver 4.04% on a weaker dollar. 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