Gold Price Today: Gold Shines Again; Silver Also Becomes Costlier – Check Latest Rates Here

Gold Price Today
(12 November): On Tuesday, gold prices once again witnessed an upward trend across India. From Delhi to Mumbai, Pune, Chennai, and Kolkata — gold has become costlier. The rise in prices is attributed to positive global cues and expectations of an interest rate cut by the US Federal Reserve.

Gold Prices in Delhi

In Delhi, the price of 24-carat gold has increased to ₹1,25,980 per 10 grams, while 22-carat gold is being sold at ₹1,15,510 per 10 grams.

Gold Rates in Mumbai, Chennai, and Kolkata

In these major metros, 22-carat gold is priced at ₹1,15,360 per 10 grams, whereas 24-carat gold is being traded at ₹1,25,850 per 10 grams.

Gold Prices in Pune and Bengaluru

In Pune and Bengaluru, 24-carat gold is retailing at ₹1,25,880 per 10 grams, while 22-carat gold costs ₹1,15,410 per 10 grams.

Global Factors Driving the Surge

The rise in gold and silver prices is influenced by international developments.
US Federal Reserve Governor Stephen Miran hinted at a possible 0.50% interest rate cut to tackle inflation and unemployment concerns. Additionally, easing US government shutdown fears and expectations of a rate cut in December have further supported the bullion market.

Silver Prices Also Jump

Alongside gold, silver prices have also surged, reaching ₹1,60,100 per kilogram on 12 November. Experts note that both domestic and international economic conditions directly affect the movement of gold and silver prices in India.

Future Outlook

According to Goldman Sachs, gold prices may reach $4,900 per ounce by December 2026. Meanwhile, ANZ Bank predicts that gold could touch $4,600 per ounce by mid-2026.