Gold Prices Decline Across Major Indian Cities on November 6

Gold prices in India declined across most metro cities on November 6, according to market data. The national average for 1 gram of 22-carat gold stood at ₹13,228, marking a decrease of ₹237, while 8 grams of 22-carat gold dropped by ₹1,896 to reach ₹1,05,824.

In Delhi, the price for 1 gram of 22-carat gold was recorded at ₹13,250, down by ₹235, with 8 grams priced at ₹1,06,000, reflecting a decrease of ₹1,880. Meanwhile, 24-carat gold in the capital was traded at ₹13,913 for 1 gram (down by ₹246) and ₹1,11,304 for 8 grams (down by ₹1,968).

In Mumbai, 22-carat gold fell to ₹1,05,600 for 8 grams, with 1 gram priced at ₹13,200, down by ₹235. The 24-carat variant in Mumbai dropped by ₹247 to ₹13,860 for 1 gram, while 8 grams decreased by ₹1,976 to ₹1,10,880.

Market rates in Kolkata showed 22-carat gold at ₹13,300 per gram (down by ₹235) and ₹1,06,400 for 8 grams (down by ₹1,880). The 24-carat gold in Kolkata was listed at ₹13,965 for 1 gram (down by ₹247) and ₹1,11,720 for 8 grams (down by ₹1,976).

In Chennai, 22-carat gold decreased by ₹245 to trade at ₹13,140 per gram, and 8 grams fell by ₹1,960 to ₹1,05,120. Chennai's 24-carat gold was priced at ₹13,797 for 1 gram (down by ₹257) and ₹1,10,376 for 8 grams (down by ₹2,056).

In Bengaluru, 22-carat gold was recorded at ₹13,260 per gram (down by ₹235) and ₹1,06,080 for 8 grams (down by ₹1,880). The 24-carat gold in Bengaluru stood at ₹13,923 for 1 gram (down by ₹247) and ₹1,11,384 for 8 grams (down by ₹1,976).

Similar downward adjustments were observed in other major centers. In Hyderabad, 22-carat gold was priced at ₹13,140 per gram (down by ₹245), while 24-carat gold stood at ₹13,797 per gram (down by ₹257). In Pune, 22-carat gold was traded at ₹13,200 per gram (down by ₹235) and 24-carat gold at ₹13,860 per gram (down by ₹247).

In Ahmedabad, 22-carat gold was recorded at ₹13,254 for 1 gram (down by ₹235) and ₹1,06,032 for 8 grams (down by ₹1,880), whereas 24-carat gold stood at ₹13,917 for 1 gram (down by ₹246) and ₹1,11,336 for 8 grams (down by ₹1,968).

"Fluctuations in precious metal prices are a standard part of commodity market cycles. For businesses and individuals tracking macroeconomic trends, monitoring daily bullion adjustments across major urban centers provides a clear picture of domestic retail sentiment and localized pricing variations." — Dr. Shishir Gupta, Founder & CEO, StartupLanes