Gold Prices Cool Off After Weeks of Gains as Silver Continues to Shine in Indian Markets
Gold Price Update (November 13, 2025): After witnessing a steady rise over the past few weeks, gold prices have finally shown signs of cooling. On Thursday, November 13, the yellow metal recorded a slight dip across major Indian cities, while silver continued its upward momentum with consistent gains.
In the national capital Delhi, 24-carat gold is trading at ₹1,25,650 per 10 grams, whereas 22-carat gold stands at ₹1,15,190 per 10 grams. Similar trends have been observed in Mumbai, Chennai, and Kolkata, where gold prices have eased marginally from their recent highs.
Gold Prices Dip Across Major Cities
The gold market opened on a softer note today as prices fell slightly across northern and southern regions. According to the latest data, gold is trading as follows:
| City | 22-Carat Gold (₹/10g) | 24-Carat Gold (₹/10g) |
|---|---|---|
| Delhi | 1,15,190 | 1,25,650 |
| Mumbai | 1,15,040 | 1,25,500 |
| Ahmedabad | 1,15,090 | 1,25,550 |
| Chennai | 1,15,040 | 1,25,500 |
| Kolkata | 1,15,040 | 1,25,500 |
| Hyderabad | 1,15,040 | 1,25,500 |
| Jaipur | 1,15,190 | 1,25,650 |
| Bhopal | 1,15,090 | 1,25,550 |
| Lucknow | 1,15,190 | 1,25,650 |
| Chandigarh | 1,15,190 | 1,25,650 |
Prices in Pune and Bengaluru mirror those in Mumbai, with 24-carat gold priced at ₹1,25,500 and 22-carat gold at ₹1,15,040 per 10 grams.
Silver Maintains Its Upward Streak
While gold prices have stabilized, silver continues to rally in both domestic and international markets. As of November 13, silver is trading at ₹1,62,100 per kilogram in Delhi. In the global market, the spot price of silver rose by 0.86%, reaching $51.66 per ounce.
The steady increase in silver rates is being attributed to rising industrial demand in sectors such as electronics, renewable energy, and electric vehicles. This consistent demand has helped silver maintain its momentum even as gold prices show volatility.
Global Forecasts Suggest Strong Long-Term Potential for Gold
Despite the recent dip, global investment banks remain optimistic about gold’s long-term trajectory. According to reports from Bloomberg, major financial institutions like Goldman Sachs, JP Morgan Private Bank, and ANZ expect gold prices to rise substantially by the end of 2026.
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Goldman Sachs predicts that gold could reach $4,900 per ounce by December 2026.
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JP Morgan Private Bank forecasts gold prices could touch $5,000–$5,300 per ounce by late 2026.
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ANZ expects gold to hover around $4,600 per ounce by mid-2026.
Analysts believe this growth will be driven by global economic uncertainty, geopolitical tensions, and central banks increasing their gold reserves.
Factors Influencing Today’s Gold and Silver Prices
Both domestic and international factors play a crucial role in determining the price movements of precious metals in India. Some of the key influences include:
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Global inflation rates and U.S. Federal Reserve policies
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Value of the U.S. dollar against major currencies
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Demand during Indian festivals and wedding seasons
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Industrial consumption of silver and investment demand for gold
With ongoing global uncertainty, many investors continue to view gold and silver as safe-haven assets.
Market Sentiment and Investment Outlook
Experts suggest that the current dip in gold prices could provide a buying opportunity for long-term investors. The metal’s performance in the upcoming months will largely depend on international market movements and domestic demand patterns.
On the other hand, silver’s outlook remains decidedly bullish, supported by its dual role as both an industrial metal and an investment asset.
Final Thoughts
As of now, the gold market appears to be taking a short breather after months of upward momentum, while silver continues its impressive climb. With strong global forecasts and steady domestic demand, the precious metals market in India remains vibrant and full of potential for investors in the months ahead.
