Gold prices in India declined slightly on Friday, November 7, following a downward movement seen this week. The fall comes amid muted demand and global cues hinting at a softening in bullion prices.
According to the latest data, 24K gold is priced at ₹12,202 per gram, marking a drop of ₹55 from Thursday’s rate of ₹12,257. 22K gold fell by ₹50 to ₹11,185 per gram, while 18K gold slipped by ₹41 to ₹9,152 per gram.
Gold rate comparison (per gram):
| Carat | Today (₹) | Yesterday (₹) | Change |
|---|---|---|---|
| 24K Gold | 12,202 | 12,257 | -55 |
| 22K Gold | 11,185 | 11,235 | -50 |
| 18K Gold | 9,152 | 9,193 | -41 |
Gold prices in major Indian cities (1 gram):
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Chennai | ₹12,295 | ₹11,270 | ₹9,400 |
| Mumbai | ₹12,202 | ₹11,185 | ₹9,152 |
| Delhi | ₹12,217 | ₹11,200 | ₹9,167 |
| Kolkata | ₹12,202 | ₹11,185 | ₹9,152 |
| Bengaluru | ₹12,202 | ₹11,185 | ₹9,152 |
| Hyderabad | ₹12,202 | ₹11,185 | ₹9,152 |
| Ahmedabad | ₹12,207 | ₹11,190 | ₹9,157 |
Gold prices have now fallen for the second consecutive day, with a cumulative decline of over ₹100 per gram for 24K gold this week. Analysts attribute this to a stronger rupee and easing global gold futures, alongside limited festive demand after Diwali.
Note: Rates are indicative and exclude GST, TCS, and making charges. Actual prices may vary by city and jeweller.
