Gold and silver prices witnessed pressure amid a decline in international bullion markets, with gold recording its biggest weekly fall since June. On Sunday, November 15, retail gold and silver rates varied across major Indian cities, including Mumbai, Delhi, Bengaluru, Chennai and Hyderabad.
According to LiveMint, spot gold prices slumped 4.5 per cent during the week, marking their steepest weekly decline since June. The fall came amid concerns that the US Federal Reserve could raise interest rates and that higher crude oil prices could fuel inflation.
Spot gold edged up 0.1 per cent to $3,879.71 per ounce after briefly touching $3,922.97 following the release of US Producer Price Index (PPI) data. Meanwhile, US gold futures for December delivery settled largely unchanged at $3,886.30 per ounce.
Silver prices also remained under pressure, with spot silver declining 1.9 per cent to $49.05 per ounce. Platinum fell 1.9 per cent to $1,490.06 per ounce, while palladium gained 1.1 per cent to $1,004.40 per ounce.
Gold, silver prices today in India
At the time of writing on November 15, gold bullion was trading at Rs 1,37,320 per 10 grams, while silver was priced at Rs 1,77,280 per kg, according to the bullion data cited by LiveMint.
Here is a look at the retail prices of 24-karat, 22-karat and 18-karat gold, along with 999 fine silver, across major Indian cities.
Gold and silver rates in Mumbai
- 24K gold: Rs 1,37,070 per 10 grams
- 22K gold: Rs 1,25,648 per 10 grams
- 18K gold: Rs 1,02,803 per 10 grams
- 999 fine silver: Rs 1,76,960 per kg
Gold and silver rates in Delhi
- 24K gold: Rs 1,36,830 per 10 grams
- 22K gold: Rs 1,25,428 per 10 grams
- 18K gold: Rs 1,02,623 per 10 grams
- 999 fine silver: Rs 1,76,650 per kg
Gold and silver rates in Bengaluru
- 24K gold: Rs 1,37,180 per 10 grams
- 22K gold: Rs 1,25,748 per 10 grams
- 18K gold: Rs 1,02,885 per 10 grams
- 999 fine silver: Rs 1,77,090 per kg
Gold and silver rates in Chennai
- 24K gold: Rs 1,37,470 per 10 grams
- 22K gold: Rs 1,26,014 per 10 grams
- 18K gold: Rs 1,03,103 per 10 grams
- 999 fine silver: Rs 1,77,470 per kg
Gold and silver rates in Hyderabad
- 24K gold: Rs 1,37,290 per 10 grams
- 22K gold: Rs 1,25,849 per 10 grams
- 18K gold: Rs 1,02,968 per 10 grams
- 999 fine silver: Rs 1,77,240 per kg
Gold and silver rates in Kolkata
- 24K gold: Rs 1,36,890 per 10 grams
- 22K gold: Rs 1,25,483 per 10 grams
- 18K gold: Rs 1,02,668 per 10 grams
- 999 fine silver: Rs 1,76,720 per kg
Gold and silver rates in Ahmedabad
- 24K gold: Rs 1,37,250 per 10 grams
- 22K gold: Rs 1,25,813 per 10 grams
- 18K gold: Rs 1,02,938 per 10 grams
- 999 fine silver: Rs 1,77,190 per kg
Gold and silver rates in Coimbatore
- 24K gold: Rs 1,37,470 per 10 grams
- 22K gold: Rs 1,26,014 per 10 grams
- 18K gold: Rs 1,03,103 per 10 grams
- 999 fine silver: Rs 1,77,470 per kg