Gold Prices Today, November 12: 24K and 22K Gold Rates Rise Across Major Indian Cities

Mumbai, November 12, 2025: Gold prices edged higher in the early trade on Wednesday. The two major factors for the surge were the weaker US Dollar and expectations of the US Federal Reserve cutting interest rates in December.

Across India, the average price of 10 grams of 24-karat gold stands at around ₹1,24,460, while 10 grams of 22-karat gold is priced at approximately ₹1,14,088. Silver is trading close to ₹1,56,040 per kilogram. The steady prices indicate sustained investor interest in precious metals amid ongoing global uncertainties.

City-Wise Gold and Silver Rates (as of November 12)

In major cities in India, the gold and silver prices showed minor variations. In Mumbai, 10 grams of 24K gold was priced at ₹1,24,240. And 10 grams of 22k gold price stood at ₹1,13,887. One kg of silver traded at ₹1,55,760.

In New Delhi, 10 grams of 24K gold was priced at around ₹1,23,980, while in Chennai, it stood slightly higher at ₹1,24,660 for the same quantity. Gold prices in other major cities like Pune, Kolkata, Ahmedabad, Bengaluru, and Hyderabad hovered within a close range of ₹1,23,900 to ₹1,24,600 per 10 grams. Meanwhile, silver prices were trading between ₹1,55,400 and ₹1,56,260 per kilogram across key markets.

Broader Market View

In recent sessions, gold prices have remained broadly stable, supported by global cues and strong festive demand across India. Expectations of monetary easing by major central banks have also bolstered investor sentiment, lending further support to gold prices.

Offering consistent returns to long-term investors, gold has remained a reliable hedge against inflation and market volatility. However, the final jewellery price may vary depending on factors such as making charges, local taxes, and GST.

The overall sentiment of the gold price remains stable, with the festive and wedding seasons gaining pace. Traders will continue to monitor the economic data and the central bank’s signals for further moves.

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