Price Review: Gold and Silver, November 2–6

Price Review

November 6, 2026

Gold bullion bars — Gold prices recovered after hitting a one-year low

After reaching a record high at the end of January 2026 (around $5,600 per troy ounce), gold declined for several months. On October 30, the price fell to its lowest level in more than a year, around $3,870 per ounce, before rising again this week.

Why gold fell. According to Reuters and CNBC, prices came under pressure from a stronger US dollar, rising US Treasury yields, and expectations that the Federal Reserve will raise interest rates in December. Standard Chartered, however, believes the decline was driven mainly by liquidity factors rather than weaker fundamentals.

What changed this week. After the US midterm elections, the dollar weakened: on November 4, gold gained almost 3.4% in a single day, and on November 5 it reached a two-week high of around $4,147 per ounce. Silver followed gold, but with sharper moves.

Gold

~$4,147

Two-week high on November 5, per ounce.

Silver

$52.5

Up 4.6% in a single day on November 4, per ounce.

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Central banks

321 t

Gold purchased in Q3 2026, up 42% year on year (World Gold Council).

Prices in Kyrgyzstan

Current prices of the National Bank of the Kyrgyz Republic and Kyrgyzaltyn OJSC for measured bullion bars in soms are published daily on the Department’s website home page.

Sources: Reuters, CNBC, World Gold Council, Standard Chartered, USAGOLD.