Gold prices have seen a rise today, November 12, 2025, influenced by a combination of global trends, local demand, and fluctuating currency rates. Here’s a breakdown of the current rates for 24 Carat and 22 Carat gold in major cities:
Gold Rates in Major Cities:
- Delhi: The price of 24-carat gold in Delhi is ₹12,598 per 1 gram and ₹1,25,980 per 10 grams. The price of 22-carat gold is ₹11,551 per 1 gram and ₹1,15,510 per 10 grams.
- Mumbai: In Mumbai, the price for 24-carat gold is ₹12,585 per gram and ₹1,25,850 per 10 grams. The rate for 22-carat gold is ₹11,536 per 1 gram and ₹1,15,360 per 10 grams.
- Chennai: The prices in Chennai are similar to Mumbai, with 24-carat gold at ₹12,585 per 10 grams and 22-carat gold at ₹11,536 per 10 grams.
- Kolkata: The price of 22-carat gold in Kolkata is ₹11,5360 per 10 grams, while the price of 24-carat gold is ₹125,850 per 10 grams.
- Other Cities: In Pune and Bengaluru, the price of 24-carat gold is ₹125,880 per 10 grams, and 22-carat gold is ₹115,410 per 10 grams.
These rates are indicative and may vary slightly depending on the jeweler, location, and making charges.
Factors Influencing Gold Prices:
Several factors contribute to the fluctuation of gold prices, including:
- Global Demand and Supply: The basic principle of supply and demand significantly impacts gold prices. High demand and limited supply typically lead to increased prices. Jewelry accounts for a substantial portion of gold demand, with India and China being major consumers.
- US Dollar Value: Gold prices generally have an inverse relationship with the value of the U.S. dollar. A weaker dollar often leads to higher gold prices, as it increases demand from investors seeking a hedge against inflation and economic uncertainty.
- Inflation and Interest Rates: Gold is often seen as a hedge against inflation. Low or negative real interest rates increase the attractiveness of gold. However, when central banks raise interest rates to combat high inflation, it can strengthen a country's currency and potentially cause gold prices to drop.
- Geopolitical Factors: Economic uncertainty and geopolitical tensions can drive investors towards gold, increasing its demand and price. Central banks also tend to increase their gold reserves during periods of heightened economic uncertainty.
- Central Bank Policies: Government policies, including the buying and selling of gold reserves, can influence its price. Central banks' decisions regarding gold reserves can influence price shifts.
Market Trends and Analysis:
Today, gold prices in India have shown a slight increase. This rise is influenced by global demand and inflationary pressures. Spot prices for gold were around $4,140.10 an ounce on Tuesday.
Silver Prices:
Silver prices have also seen an increase, trading higher at ₹1,55,380 per kilogram on November 12, 2025, according to the India Bullion Association.
Gold as a Safe Haven:
Gold is often considered a safe haven asset, especially during times of economic crisis. Investors turn to gold to minimize portfolio risks during periods of market volatility. Central banks also hold gold reserves as a safeguard against financial turmoil.
