Gold Price Drops While Silver Remains Strong: Check Today’s Updated Rates Across Major Cities

Gold prices witnessed a noticeable dip today, even as silver continued to trade strong in the domestic market. According to the latest rate updates, the price of 24-carat gold has fallen in several major cities, including the national capital, while silver has maintained its upward momentum. Global investment banks have also shared new predictions on where gold prices could be headed in the coming years, providing fresh insight into the precious metals market.

Below is a detailed, SEO-friendly, original report on today’s gold and silver rates, market trends, and expert forecasts — structured as per Google News guidelines.

Gold Prices Decline Across Major Cities

On the morning of 15 November, gold prices showed a downward trend across multiple cities. In the national capital, the price of 24-carat gold dropped to ₹127,180 per 10 grams, while 22-carat gold is now priced at ₹116,590 per 10 grams.

The decline is not limited to the capital — several other cities have also reported lower gold prices today.

Gold Rates in Mumbai, Chennai, and Kolkata

In Mumbai, Chennai, and Kolkata, the rates remain uniform:

• 22-carat gold: ₹116,440 per 10 grams

• 24-carat gold: ₹127,030 per 10 grams

These cities have reported consistent pricing across the board, reflecting stability in regional demand patterns despite the overall decline.

Pune and Bengaluru Gold Rates

Both Pune and Bengaluru have registered the same price bracket:

• 22-carat gold: ₹116,440 per 10 grams

• 24-carat gold: ₹127,030 per 10 grams

The rates reflect similar market behavior as seen in Mumbai and Chennai.

Gold Price Comparison in Major Cities (15 November)

This comparison shows that while gold prices have softened overall, rates vary slightly from city to city due to local market dynamics.

Global Forecasts: How High Can Gold Go?

Global financial institutions have shared their long-term projections for gold prices, suggesting that the precious metal could witness significant appreciation over the next few years.

Key Predictions:

• JP Morgan Private Bank expects gold to touch $5,000 per ounce by 2026.

• The bank’s macro and fixed income strategy head, Alex Wolf, predicts prices could reach $5,200 to $5,300 per ounce by the end of 2026.

• Goldman Sachs forecasts gold to climb to $4,900 per ounce by December 2026.

• ANZ believes gold could hit $4,600 per ounce by mid-2026.

These projections highlight that despite short-term fluctuations, global sentiment around gold remains strongly positive.

Silver Maintains an Upward Trend

While gold prices dipped, silver is showing firmer momentum. On 15 November, silver rose to ₹173,200 per kilogram in the domestic market.

However, the international spot price of silver slipped slightly to $52.03 per ounce.

The contrast between domestic and international silver prices indicates the combined impact of local economic conditions, global cues, and industrial demand patterns.

Why Do Gold and Silver Prices Fluctuate?

The prices of gold and silver in the domestic market are influenced by:

• Global market movements

• Currency exchange fluctuations

• Central bank policies

• Investment demand

• Geopolitical developments

• Domestic market trends and import duties

Today’s decline in gold prices appears to be driven largely by global corrections and investor profit-booking.

Final Outlook

Gold may be witnessing a near-term dip, but long-term global forecasts remain bullish. Silver, meanwhile, continues to show strength both as a precious metal and as an industrial commodity. Investors and buyers planning festive or long-term purchases may find the current gold price dip favorable.

Staying updated with daily price changes is essential for making smart investment decisions, especially in a market as dynamic as precious metals.