Gold prices in India saw a mild decline on Thursday, with 24K gold trading at ₹12,147 per gram in Mumbai, while silver eased to ₹1,50,400 per kg. Experts say the bullion market is entering a phase of consolidation after months of strong rally driven by global factors.
Mumbai: Gold prices in India registered a mild decline on Thursday, reflecting subdued demand and the impact of inflationary pressures.
As per the latest market update, the price of 24-karat gold (999 purity) stands at ₹₹12,147 per gram, while 22-karat gold (91.67% purity)—widely preferred for jewellery—has slipped to ₹₹11,134 per gram.
The price of 18-karat gold is currently ₹9,110 per gram, indicating a slight drop across all purity levels compared to Tuesday’s rates.
After a strong rally in 2025, the price of gold (globally and in India) is entering a phase of consolidation and caution.
According to the World Gold Council the metal rose around 26 % in USD-terms in H1 2025, driven by a weaker US dollar, stable to range-bound interest rates and elevated geopolitical risk.
Silver rate in India
Silver prices also weakened, settling for ₹150.40 per gram or ₹1,50,400 per kilogram. Despite the short-term pullback, silver continues to enjoy long-term investor confidence amid strong industrial demand and supply constraints.
Gold prices across major Indian cities (per gram)
| City | 24K (₹) | 22K (₹) | 18K (₹) |
| Chennai | 12,196 | 11,179 | ₹9,324 |
| Mumbai | 12,147 | 11,134 | 9,110 |
| Delhi | 12,162 | 11,149 | 9,125 |
| Kolkata | 12,147 | 11,134 | 9,110 |
| Bangalore | 12,147 | 11,134 | 9,110 |
| Hyderabad | 12,147 | 11,134 | 9,110 |
| Kerala | 12,147 | 11,134 | 9,110 |
Silver prices across major Indian cities
| City | 10g (₹) | 100g (₹) 1 | 1kg (₹) |
| Chennai | 1629 | 16,290 | 1,62,900 |
| Mumbai | 1,504 | 15,040 | 1,50,400 |
| Delhi | 1,504 | 15,040 | 1,50,400 |
| Kolkata | 1,504 | 15,040 | 1,50,400 |
| Bangalore | 1,504 | 15,040 | 1,50,400 |
| Hyderabad | 1,629 | 16,290 | 1,62,900 |
| Kerala | 1,629 | 16,290 | 1,62,900 |
Market Outlook:
Gold appears resilient but less explosive than in earlier months. The structural bullish case remains intact (hedge, safe-haven) but with a more measured pace and greater emphasis on timing the dips rather than expecting steep upside immediately.
Published: 06 Nov 2025, 09:15 am IST
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