The gold market witnessed a sharp decline on November 15 as prices of both gold and silver fell in the domestic bullion market. Gold rates often change rapidly, and this time too, the dip surprised buyers. After a significant fall in Friday’s futures trading, prices dropped again on Saturday morning. In Delhi, 24-carat gold slipped to ₹127,180 per 10 grams, and similar reductions were observed across major cities.
Gold Rate Market Overview
Gold and silver prices continued their downward trend as the domestic bullion market opened with a decline. Experts noted a consistent fluctuation throughout the week, with prices sometimes rising and at times falling sharply. The latest update shows stability only in silver, while gold continues to face pressure.
Delhi Gold Price Update
In Delhi, the price of 24-carat gold reached ₹127,180 per 10 grams, while 22-carat gold stood at ₹116,590 per 10 grams. Buyers in the capital observed a clear decline compared to previous days, making it a notable update for those planning purchases.
Mumbai and Chennai Gold Rates
The gold price in Mumbai remained stable at ₹116,440 for 22-carat and ₹127,030 for 24-carat per 10 grams. Chennai also recorded the same rates, with both cities witnessing a similar pattern in fluctuations. The unchanged silver rate provided slight stability despite volatility in gold.
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Kolkata and Pune Price Trends
Kolkata reported 22-carat gold at ₹116,440 and 24-carat at ₹127,030 per 10 grams, mirroring Mumbai’s rates. Pune too showed identical pricing, indicating uniformity across several western and eastern markets where gold buying remains strong.
Bengaluru Market Situation
In Bengaluru, 24-carat gold was priced at ₹127,030 per 10 grams, and 22-carat gold stood at ₹116,440. The city’s market reflected the same rate chart as Mumbai, Chennai, and Kolkata, showing similar demand trends.
Jaipur and Bhopal Gold Rate Shift
Jaipur recorded a slight rise compared to other cities, with 24-carat gold priced at ₹127,180 and 22-carat at ₹116,590 per 10 grams. In Bhopal, however, the prices stood at ₹127,080 for 24-carat and ₹116,490 for 22-carat gold, marking a small variation in the ongoing decline.
Lucknow and Chandigarh Price Chart
Lucknow followed Delhi’s pricing pattern with 24-carat gold at ₹127,180 and 22-carat at ₹116,590 per 10 grams. Chandigarh also reported the same rate levels, confirming a consistent price movement across northern regions.
Overall City-Wise Outlook
The latest gold rates show a noticeable drop across multiple cities, giving buyers an opportunity to make purchases at a reduced cost. With silver prices remaining stable, market watchers expect further fluctuations in the coming days as global and domestic factors continue to influence bullion trends.
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