Gold Prices Dip for Second Straight Day, Silver Falls ₹2,600 in Three Days: Check Latest Rates in 10 Major Cities

Gold and silver prices in India continued to face downward pressure on 19 November, marking the second consecutive session of weakness for gold and the third straight decline for silver. With fluctuating global cues and cautious investor sentiment, both precious metals are currently trading lower across major Indian markets. Here is a detailed look at the latest rates, recent price trends, and expert views on the outlook ahead.

Gold Prices Ease Again: Second Day of Decline

In the national capital, the price of 24-carat gold fell by ₹10 per 10 grams on Tuesday, while 22-carat gold also dipped by ₹10. Over the past two days, 24-carat gold has dropped by ₹1,750 per 10 grams, while 22-carat gold has become cheaper by ₹1,610.

This continuous slide suggests that buyers are adopting a wait-and-watch approach as global markets remain uncertain ahead of major economic announcements, including the U.S. Federal Reserve’s policy stance on interest rates.

Silver Extends Losses for the Third Day

Silver prices have also been under pressure. In Delhi, silver became cheaper by ₹100 per kilogram today, taking the total drop to ₹2,600 over the past three days. Prior to this three-day slide, silver had seen a strong five-day rally in which prices surged by ₹20,600 per kilogram. Following that, prices remained flat for a day before moving lower again.

As of 19 November, silver is retailing at ₹1,61,900 per kilogram in Delhi, Mumbai, and Kolkata. In Chennai, however, the price remains significantly higher at ₹1,69,900 per kilogram, making it the costliest among major Indian metros.

Gold Rates in 10 Major Indian Cities (19 November 2025)

Below are the latest prices for 10 grams of 22-carat and 24-carat gold across key cities:

These variations reflect city-specific market conditions, logistics costs, local taxes, and regional demand.

Why Are Gold and Silver Prices Weak?

Despite strong long-term fundamentals, short-term fluctuations are visible due to several global and domestic factors. The upcoming U.S. Federal Reserve policy announcement is a key trigger affecting investor sentiment. Precious metals often react to interest rate expectations—higher rates typically dampen demand for gold and silver as safe-haven assets.

Market Forecast: What Experts Say

Rahul Kalantri, Vice President (Commodities) at Mehta Equities, believes that while short-term volatility may persist, gold remains on track for one of its strongest annual performances in decades. He attributes this strength to geopolitical uncertainty, central bank buying, and robust safe-haven demand. According to him, both gold and silver may continue to fluctuate until the U.S. interest rate outlook becomes clearer.

Kunal Shah, Vice President at Nirmal Bang Securities, adds that gold is behaving like a “risk asset class” at the moment. As prices attempt to form a new trading range, consolidation is expected. He advises investors to remain cautious and avoid aggressive positions in gold for now.

Conclusion

With both gold and silver easing for multiple days in a row, the market currently reflects short-term caution rather than long-term weakness. Investors are watching global developments closely, while fluctuations continue across domestic markets. Although immediate trends suggest softness, experts maintain that the broader outlook for gold remains optimistic due to strong underlying demand and global uncertainties.