Gold Prices Remain Steady Across Major Indian Cities on November 8

Gold prices remained stable across major metro cities in India, according to market data for November 8. National average rates were recorded at ₹13,240 for 1 gram of 22-carat gold and ₹1,05,920 for 8 grams of 22-carat gold, showing no change from the previous period.

In the national capital, Delhi, the price for 22-carat gold stood at ₹13,260 per gram and ₹1,06,080 for 8 grams. Meanwhile, 24-carat gold in Delhi was priced at ₹13,923 for 1 gram and ₹1,11,384 for 8 grams. All rates remained unchanged.

In Mumbai, 22-carat gold was recorded at ₹13,210 per gram and ₹1,05,680 for 8 grams. The 24-carat gold in Mumbai stood at ₹13,871 for 1 gram and ₹1,10,968 for 8 grams, maintaining stable price levels.

Kolkata reported 22-carat gold at ₹13,310 per gram and ₹1,06,480 for 8 grams. The price for 24-carat gold in Kolkata was listed at ₹13,976 for 1 gram and ₹1,11,808 for 8 grams, with no upward or downward movement.

In Chennai, 22-carat gold held steady at ₹13,160 per gram and ₹1,05,280 for 8 grams. The 24-carat gold in Chennai was priced at ₹13,818 for 1 gram and ₹1,10,544 for 8 grams.

Markets in Bengaluru saw 22-carat gold priced at ₹13,270 per gram and ₹1,06,160 for 8 grams. The 24-carat gold in Bengaluru was recorded at ₹13,934 per gram and ₹1,11,472 for 8 grams, remaining completely unchanged.

In Hyderabad, rates mirrored Chennai, with 22-carat gold at ₹13,160 per gram and ₹1,05,280 for 8 grams. The 24-carat gold in Hyderabad stood at ₹13,818 per gram and ₹1,10,544 for 8 grams.

Pune registered 22-carat gold at ₹13,210 per gram and ₹1,05,680 for 8 grams, matching Mumbai's pricing. The 24-carat gold in Pune was recorded at ₹13,871 per gram and ₹1,10,968 for 8 grams.

Finally, in Ahmedabad, 22-carat gold was priced at ₹13,264 per gram and ₹1,06,112 for 8 grams. The 24-carat gold in Ahmedabad stood at ₹13,927 for 1 gram and ₹1,11,416 for 8 grams, concluding the flat trend observed across major urban centers.

"The stability in gold prices across major metropolitan cities indicates a temporary cooling period in retail bullion markets. For business owners and entrepreneurs managing cash flow or assessing asset allocation during flat market cycles, consistent pricing offers a predictable environment for short-term financial planning without immediate valuation shocks." — Dr. Shishir Gupta, Founder & CEO, StartupLanes