18K, 22K, 24K gold rates drop today (November 18): See updated prices across major Indian cities

Gold prices in India declined on Tuesday, November 18, with reductions observed across major markets, according to GoodReturns. Despite the fall, the precious metal remains a preferred hedge against inflation. Investor interest and jewellery purchases continued steadily, driven by gold’s reputation as a safe-haven asset.

Current gold rates in India (November 18)

• 24K gold: ₹12,366 per gram
• 22K gold: ₹11,335 per gram
• 18K gold: ₹9,274 per gram

Investors and consumers can track daily fluctuations in gold and silver rates to make more informed market decisions.

Gold prices across major cities

For 24-carat gold, one gram costs ₹12,366, while ten grams are priced at ₹1,23,660, based on GoodReturns data. Yesterday, the rate was ₹12,540 per gram. Mumbai and Kolkata listed ten grams at ₹1,23,660, while Chennai quoted a slightly higher rate of ₹1,24,370.

For 22-carat gold, the national average was ₹11,350 per gram. Ten grams sold at ₹1,13,500 in Mumbai, Kolkata, Bengaluru, and Hyderabad, with Chennai slightly higher at ₹1,14,000. Yesterday, 22-carat gold was priced at ₹11,495 per gram.

18-carat gold is priced at ₹9,274 per gram, down from ₹9,405 yesterday.

Gold prices in major cities (November 18, 2025)

Silver prices in India

Silver recorded a correction compared with gold. One kilogram of silver in Delhi, Mumbai, and Kolkata traded at ₹1,62,000, while Chennai quoted a premium at ₹1,70,000 per kilogram. On a per-gram basis, silver was priced at ₹162. Analysts noted that domestic silver rates remain highly sensitive to global bullion movements and currency fluctuations, with a weaker rupee often amplifying local price changes.

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.