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Gold prices edged higher on Thursday, November 6, 2025, supported by a softer US dollar and renewed safe-haven demand as investors turned cautious ahead of key economic data. At the press time, the MCX Gold December futures rose 0.14% to Rs. 1,20,687 per 10 grams, while MCX Silver December contracts inched up 0.06% to Rs. 1,47,411 per kg.
The US dollar index dropped around 0.20%, hovering just below its four-month high, while the 10-year Treasury yield remained close to its monthly peak.
According to the ADP employment report, US private payrolls increased by 42,000 in October, exceeding expectations of a 28,000 rise. The stronger jobs data tempered hopes for additional Federal Reserve rate cuts this year, keeping gains in check.
In Mumbai, gold prices edged lower. The price of 24-carat gold fell to Rs. 12,147 per gram from Rs. 12,148 a day earlier, while 10 grams traded at Rs. 1,21,470 compared to yesterday’s Rs. 1,21,480.
Similarly, 22-carat gold slipped to Rs. 11,134 per gram from Rs. 11,135, with the 10-gram price easing to Rs. 1,11,340 from Rs. 1,11,350.
In Chennai, gold prices increased. The price of 24-carat gold rose to Rs. 12,273 per gram from Rs. 12,197 the previous day, while 10 grams rose to Rs. 1,22,730 from Rs. 1,21,970.
22-carat gold also increased to Rs. 11,250 per gram from Rs. 11,180, and for 10 grams the price rose to Rs. 1,12,500 to Rs. 1,11,800.
The market analysts predict that the prices of gold and silver will continue to fluctuate as the traders weigh global economic cues and upcoming US non-farm payroll data.
Gold is holding its important support close to $3,875 per ounce and silver at $46.50 per ounce. Experts forecast the price of gold will be in the range of $3,870-$4,140 and that of silver between $46.50-$50.50 per troy ounce this week.
On MCX, support for gold is at Rs. 1,19,900 and Rs. 1,19,350, with resistance at Rs. 1,21,100 and Rs. 1,21,650. Silver’s support lies at Rs. 1,46,000 and Rs. 1,44,400, while resistance levels are Rs. 1,48,500 and Rs. 1,49,400.
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Despite stronger US employment data, gold prices rose over 1% on Wednesday, with spot gold trading at $3,977.94 per ounce and US gold futures at $3,989.80 per ounce.
With the Fed signaling a pause in rate cuts, traders expect volatile sessions ahead, but gold’s long-term outlook remains positive.
