Gold prices took a dip on Monday, with both 24-carat and 22-carat variants registering declines across major Indian cities. On 24 November, for example, 24-carat gold in Delhi was quoted at ₹1,25,980 per 10 grams while the 22-carat rate stood at ₹1,15,490 per 10 grams. Globally, the spot price of gold stood at US$ 4,061.91 per ounce.
Let’s review the latest city-wise gold and silver rates, and explore what’s affecting the movement of precious metal prices.
📍 City-Wise Gold Rates (24 Nov 2025)| Delhi | 1,15,490 | 1,25,980 |
| Mumbai | 1,15,340 | 1,25,830 |
| Chennai | 1,15,340 | 1,25,830 |
| Kolkata | 1,15,340 | 1,25,830 |
| Ahmedabad | 1,13,680 | 1,24,010 |
| Jaipur | 1,15,490 | 1,25,980 |
Note: Rates are indicative and subject to local taxes, making charges and daily fluctuations.
🪙 Silver Price TodayJust like gold, silver also saw a drop. On 24 November the rate stood at ₹1,63,900 per kilogram, marking a decline of about ₹5,000 over the past week. In the global markets, silver futures were trading at approximately US$ 49.56 per ounce.
🧠 What’s Driving the Price Movement?Gold and silver prices in India are influenced by both domestic factors and global cues:
Global spot/futures rates: Movement in dollar-denominated international markets often reflects quickly in Indian prices.
Domestic demand & supply: Jewellery season, festivals, import duties, currency fluctuations all contribute.
Currency (Rupee) strength/weakness: A weaker rupee makes imports costlier, pushing local prices up; a stronger rupee helps ease pressures.
Inflation and interest rates: As inflation rises or real yields drop, gold is seen as a hedge.
Geopolitical risk & safe-haven demand: Uncertainty often drives investors to safe-haven metals like gold.
If you are buying jewellery, factor in making charges and tax in addition to metal rate.
If you are viewing as investment, compare post tax, post cost returns vs other avenues.
For larger silver purchases, watch for premium over spot (which can vary).
Don’t rely purely on daily rates — track weekly/monthly trends for better decisions.
The start of the week saw metals slip, but the upward trend over the past week for 24-carat and 22-carat gold remains roughly ₹700–₹800. For investors and buyers, the time may be opportune to watch closely, particularly if you are eyeing jewellery purchases or bullion investments.
