Gold Price: Gold prices fall on Bhai Dooj; here’s what 24-carat to 18-carat gold is costing across 10 cities, from Delhi to Patna..
Gold Rate Today in India: Following lower-than-expected sales during the Dhanteras-Diwali festive season, the shine of gold and silver has dimmed today, on the occasion of Bhai Dooj. Gold, which had seen a brief rise, has now become cheaper for the second consecutive day. After a cumulative increase of ₹1,920 over two days (including a ₹950 hike on November 9), the price of 24-carat gold has now dropped by ₹1,760 over the last two days. In the national capital, Delhi, the price of 10 grams of 24-carat gold has fallen by ₹10, while 10 grams of 22-carat gold has also seen a decline of ₹10. As for silver, amid sluggish industrial demand, the price has dipped today—following four consecutive days of stability—with one kilogram of silver becoming ₹100 cheaper.
Gold Prices by City
Let’s take a look at the prices of 10 grams of gold—in 18-carat, 22-carat, and 24-carat purities—across 10 major cities in the country...
City Price of 10g Gold (24-carat) Price of 10g Gold (22-carat) Price of 10g Gold (18-carat)
Delhi ₹1,42,830 ₹1,30,940 ₹1,07,160
Mumbai ₹1,42,680 ₹1,30,790 ₹1,07,010
Kolkata ₹1,42,680 ₹1,30,790 ₹1,07,010
Chennai ₹1,44,120 ₹1,32,110 ₹1,08,110
Bengaluru ₹1,42,680 ₹1,30,790 ₹1,07,010
Hyderabad ₹1,42,680 ₹1,30,790 ₹1,07,010
Lucknow ₹1,42,830 ₹1,30,940 ₹1,07,160
Patna ₹1,42,730 ₹1,30,840 ₹1,07,060
Jaipur ₹1,42,830 ₹1,30,940 ₹1,07,160
Ahmedabad ₹1,42,730 ₹1,30,840 ₹1,07,060
Silver Prices Dip After Four Days of Stability
After remaining stable for four days, the price of silver dipped today. Prior to these four days of stability, the price of one kilogram of silver had dropped by ₹5,000 on November 6 (Dhanteras), following a ₹10,000 increase the previous day, November 5. As of today, the price of one kilogram of silver in Delhi has fallen by ₹100, bringing it to ₹2,04,900. It is trading at the same price in other major metropolitan cities, including Mumbai, Chennai, and Kolkata.
What to watch for next
According to Akshat Siddhant, Lead Quant Analyst at Mudrex, the decline in crude oil prices has somewhat eased concerns regarding inflation, and the market is now focused on upcoming inflation data from the United States. The global oil benchmark, Brent crude, has slipped below $90 per barrel—a softening driven by hopes that the conflict between the U.S. and Iran might come to an end. This development will provide insights into the U.S. Federal Reserve’s stance on interest rates and the trajectory of the U.S. dollar—both of which are critical factors influencing the movement of gold prices. In India, the price trend will also be shaped by the rupee's performance against the dollar, international market rates, and local demand.
