Gold Prices Decline Across Major Indian Cities on November 10

Gold prices experienced a downward trend across major metro cities in India, according to market data for November 10. The price adjustments affected both 22-carat and 24-carat gold varieties across various regional markets.

Nationwide, the baseline rate for 22-carat gold stood at ₹13,290 for 1 gram, marking a decrease of ₹45, while 8 grams of 22-carat gold was priced at ₹1,06,320, down by ₹360.

In Delhi, 22-carat gold was recorded at ₹13,310 for 1 gram (down by ₹45) and ₹1,06,480 for 8 grams (down by ₹360). For 24-carat gold in the capital, prices were ₹13,976 for 1 gram (down by ₹47) and ₹1,11,808 for 8 grams (down by ₹376).

Mumbai markets saw 22-carat gold trade at ₹13,260 per gram (down by ₹45) and ₹1,06,080 for 8 grams (down by ₹360). Meanwhile, 24-carat gold in Mumbai stood at ₹13,923 for 1 gram (down by ₹47) and ₹1,11,384 for 8 grams (down by ₹376).

In Kolkata, 22-carat gold was priced at ₹13,360 for 1 gram (down by ₹45) and ₹1,06,880 for 8 grams (down by ₹360). The 24-carat gold in Kolkata reached ₹14,028 for 1 gram (down by ₹47) and ₹1,12,224 for 8 grams (down by ₹376).

Chennai recorded 22-carat gold at ₹13,210 for 1 gram (down by ₹45) and ₹1,05,680 for 8 grams (down by ₹360). The 24-carat gold in Chennai was priced at ₹13,871 for 1 gram (down by ₹47) and ₹1,10,968 for 8 grams (down by ₹376).

In Bengaluru, 22-carat gold traded at ₹13,320 for 1 gram (down by ₹45) and ₹1,06,560 for 8 grams (down by ₹360), while 24-carat gold was priced at ₹13,986 for 1 gram (down by ₹47) and ₹1,11,888 for 8 grams (down by ₹376).

Other regional centers reported similar downward movements. In Hyderabad, 22-carat gold was priced at ₹13,210 for 1 gram and ₹1,05,680 for 8 grams, with 24-carat gold at ₹13,871 for 1 gram and ₹1,10,968 for 8 grams. Pune registered 22-carat gold at ₹13,260 for 1 gram and ₹1,06,080 for 8 grams, alongside 24-carat gold at ₹13,923 for 1 gram and ₹1,11,384 for 8 grams. Finally, Ahmedabad recorded 22-carat gold at ₹13,314 for 1 gram and ₹1,06,512 for 8 grams, with 24-carat gold standing at ₹13,980 for 1 gram and ₹1,11,840 for 8 grams, reflecting the widespread dip in valuations.

"Minor fluctuations in daily commodity prices, such as the recent decline in gold rates across major Indian cities, are standard market occurrences. For businesses and entrepreneurs keeping an eye on broader economic indicators, tracking these localized pricing trends provides useful context on consumer purchasing power and retail sentiment across different regions." — Dr. Shishir Gupta, Founder & CEO, StartupLanes