US Midterm Elections Results Impact on Dhanteras Shopping: After the humiliating setback to Donald Trump's Republican Party in the US Midterm Elections, gold and silver rates have bounced back strongly. After hitting below ₹1,39,000 per 10 gm in India, the gold rate today is around ₹1,45,000 per 10 gm. Likewise, silver rates today is around ₹1,90,000 per kg in India after hitting close to ₹1,80,000 in the recent crash.
US Midterm Election results impact on gold, silver rates
Decoding the impact of US Midterm Election Results 2026 on the gold and silver prices, Anuj Gupta, a SEBI-registered market expert, said, “The humiliating defeat of Donald Trump's Republican Party in the US Midterm Elections is expected to put policy paralysis in the US administration. This has put the US dollar under pressure, leading to profit-booking in the US bond market. So, the smart money is shifting from bonds and currencies to equities, gold, silver and other assets. So, the recent crash in the gold and silver price is providing a big opportunity to investors for wealth creation.”
Speaking on the gold and silver price target 2026 in India, Amit Goel, Chief Global Strategist at PACE 360, said, “The COMEX gold rate is expected to finish at $4,400 per ounce, and gold price in India is expected to finish above ₹1,50,000 per 10 gm in a normal case and around ₹1,55,000 in a bull case.”
The PACE 360 expert said that silver prices are expected to settle around $60 per ounce in the international market, whereas silver price in India is expected to settle above ₹2,00,000 per kg in the normal case and around ₹2,10,000 per kg in the bull case.