Gold Prices Remain Steady Across Multiple Cities on November 8

Gold prices held steady across various cities in India on November 8, with national averages recorded at ₹13,240 per gram for 22-carat and respective city-wise variations reported for 22-carat and 24-carat gold.

Gold prices remained unchanged across multiple cities in India on November 8, according to market data released from the businessline desk. Across the country, the baseline national rate for 22-carat gold stood at ₹13,240 for 1 gram and ₹1,05,920 for 8 grams.

Regional markets reported stable pricing throughout the trading session. In Coimbatore, Madurai, Thrissur, Vijayawada, and Visakhapatnam, 22-carat gold was priced at ₹13,160 for 1 gram and ₹1,05,280 for 8 grams, while 24-carat gold was steady at ₹13,818 per gram and ₹1,10,544 for 8 grams.

Cities including Nagpur and Indore recorded 22-carat gold at ₹13,210 for 1 gram and ₹1,05,680 for 8 grams. For 24-carat gold in these regions, prices were noted at ₹13,871 for 1 gram and ₹1,10,968 for 8 grams.

In Surat, Jaipur, Vadodara, Lucknow, Chandigarh, Ludhiana, and Kanpur, 22-carat gold prices remained steady at ₹13,264 per gram (₹1,06,112 for 8 grams) in Surat, Jaipur, and Vadodara, and ₹13,260 per gram (₹1,06,080 for 8 grams) in Lucknow, Chandigarh, Ludhiana, and Kanpur. The corresponding 24-carat rates for Surat, Jaipur, and Vadodara stood at ₹13,927 per gram and ₹1,11,416 for 8 grams, while Lucknow, Chandigarh, Ludhiana, and Kanpur recorded 24-carat gold at ₹13,923 per gram and ₹1,11,384 for 8 grams.

Bhubaneswar and Patna registered higher rates for the day, with 22-carat gold priced at ₹13,310 for 1 gram and ₹1,06,480 for 8 grams. The 24-carat gold in these two cities was recorded at ₹13,976 for 1 gram and ₹1,11,808 for 8 grams.

Finally, Mysore reported 22-carat gold at ₹13,270 for 1 gram and ₹1,06,160 for 8 grams. The 24-carat gold price in Mysore was recorded at ₹13,934 for 1 gram and ₹1,11,472 for 8 grams. Across all listed locations, prices for both 22-carat and 24-carat variants showed no change from the previous readings.

"The steady movement in gold prices across multiple regional markets indicates a temporary consolidation phase in the retail bullion sector. For businesses and consumer markets alike, stable commodity pricing provides short-term predictability in purchasing patterns. Stakeholders tracking precious metals should monitor these localized trends closely as macroeconomic factors continue to influence broader market sentiment across different Indian cities." — Dr. Shishir Gupta, Founder & CEO, StartupLanes