Gold Price Today: Gold slips the day after Bhai Dooj; 22-carat gold reaches ₹130,290 in Delhi..

On November 12, the day after Bhai Dooj, gold prices in the country have seen a decline. In the national capital, Delhi, the price of 24-carat gold stands at ₹142,120 per 10 grams this morning. Gold prices have also dipped in other cities. A day earlier, the price of 99.9% pure gold in the Delhi bullion market fell by ₹800, a decline attributed to sluggish trading activity during the Diwali holidays. In the international market, spot gold is trading at $3,986.79 per ounce.

Gold Rates in Major Cities

Delhi: The price of 24-carat gold in Delhi is ₹142,120 per 10 grams, while 22-carat gold is priced at ₹130,290 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, 22-carat gold is priced at ₹130,140 per 10 grams, and 24-carat gold is at ₹141,970 per 10 grams.

Chennai: The price of 24-carat gold is ₹141,970 per 10 grams, and 22-carat gold is priced at ₹130,140 per 10 grams.

Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹141,970 per 10 grams, and 22-carat gold is priced at ₹130,140 per 10 grams.

City    Today’s Price of 22-Carat Gold (₹)    Today’s Price of 24-Carat Gold (₹)
Delhi                  130290                                      142120
Mumbai             130140                                        141970
Ahmedabad       130190                                    142020
Chennai              130140                                  141970
Kolkata               130140                                  141970
Hyderabad         130140                                141970
Jaipur                 130290                               142120
Bhopal               130190                              142020
Lucknow              130290                              142120
Chandigarh        130290                               142120

Saumil Gandhi, Senior Analyst (Commodities) at HDFC Securities, states that the outlook for precious metals remains uncertain due to persistent inflation and signals of a hawkish monetary stance from the US Federal Reserve. This is likely to keep the dollar and yields on US bonds high, which will limit the potential for a rise in gold prices.

Price of Silver

The decline in the price of silver—another precious metal—continues. As of the morning of November 12, silver is priced at ₹199,900 per kilogram. In January of this year, the price of silver within the country had reached a record high of ₹4 lakh per kilogram. In the international market, the price of spot silver stands at $51.88 per ounce.

Disclaimer: This content has been sourced and edited from Money Control. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.