BusinessPhoto: Hindu BusinessGold Rises 3% as Dollar Hits 5-Week Low Ahead of US Midterms
On November 4, 2026, gold prices surged 3% to $4,041 per ounce, the largest daily gain in over two months, driven by the dollar index falling to a five-week low of 101.3. The weaker dollar made gold cheaper for holders of other currencies, boosting demand. Meanwhile, India's gold demand dropped 29% to 162.5 tonnes in July-September, with jewellery demand down 20% by volume but up 16% in value to ₹1,48,700 crores.
Hindu Business·




