Precious metals closed lower collectively on Friday! Shanghai Gold fell by 1.07%, and Shanghai Silver plunged by 1.79%, as expectations of monetary tightening continued to exert pressure.

On Friday, November 6, 2026, the domestic precious metals market saw an overall downward trend with fluctuations, closing on a weak note. Shanghai Gold fell by 1.07% to 869.86 yuan per gram; Shanghai Silver posted a larger decline, closing down 1.79% at 12,367 yuan per kilogram. The volatility of silver was significantly higher than that of Gold, putting overall pressure on the precious metals sector.