Check latest rates and city-wise details

India’s gold prices eased slightly on Monday, with minor declines recorded across key markets even as the precious metal remained a preferred hedge against inflation. Investors and jewellery buyers continued to show steady interest, buoyed by gold’s reputation as a safe-haven asset.

Current gold rates in India (November 17)

24K gold: ₹12,507 per gram

22K gold: ₹11,464 per gram

18K gold: ₹9,380 per gram

Investors and consumers can follow the latest daily movements in gold and silver rates to make better-informed market decisions.

Gold rates across major cities

Prices for 24-carat gold slipped by ₹10 in early trade, with one gram priced at ₹12,507 and ten grams at ₹1,25,070, according to figures compiled from Goodreturns. In Mumbai and Kolkata, the rate for ten grams of 24-carat gold was unchanged at ₹1,25,070, while Chennai saw slightly higher prices at ₹1,25,990.

Delhi recorded a rate of ₹1,25,220 for ten grams of 24-carat gold.

For 22-carat gold, the national average stood at ₹11,464 per gram, with ten grams selling at ₹1,14,640 in Mumbai, Kolkata, Bengaluru and Hyderabad. Chennai quoted a marginally higher rate at ₹1,15,490, while Delhi priced ten grams at ₹1,14,790.

Prices for 18-carat gold were around ₹9,380 per gram.

Gold prices in major cities (November 17, 2025)

Silver prices in India

Silver saw a sharper correction than gold. Prices for one kilogram fell by ₹100, with Delhi, Mumbai and Kolkata quoting ₹1,68,900 per kg. Chennai maintained a premium with the metal trading at ₹1,74,900 per kg.

On a per-gram basis, silver stood at ₹168.90.

Analysts noted that global bullion movements and currency fluctuations continue to heavily influence domestic silver rates, with a weaker rupee often amplifying local price changes regardless of international trends.

What’s driving precious metal prices

Several domestic and international factors continue to shape daily gold and silver movements:

• Global trends: Shifts in international demand, geopolitical uncertainty and investor risk appetite frequently move bullion prices.
• Rupee movement: Any depreciation in the rupee raises import costs, lifting domestic gold and silver prices.
• Seasonal demand: Festivals and the wedding season typically push up local buying, leading to periodic spikes.
• Policy cues: RBI decisions on inflation control, interest rates and foreign exchange reserves can alter market sentiment.

Guidance for buyers and investors

Market experts advise buyers to rely on verified purity checks and transparent pricing when making purchases. Key recommendations include:

• Opt for BIS-hallmarked jewellery to ensure authenticity.
• Compare prices across multiple jewellers before finalising purchases.
• Request detailed invoices mentioning purity and weight.
• Track daily market movements to take advantage of temporary price drops.

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