Between the end of the festival season and the start of weddings, gold and silver prices fell on November 12 in the Sarrafa market. On the Multi Commodity Exchange (MCX), the 24‑carat gold price slipped 0.46 % to ₹1,39,075 per 10 g.
Gold had closed at ₹1,39,716 per 10 g on the previous trading day, a drop of ₹641 today. Silver also fell 0.94 %, sliding to ₹1,82,788 per kilo from ₹1,84,525 the prior session.
New gold and silver rates in major cities
In various cities across the country, 24‑carat gold (10 g) prices vary. In Delhi, Lucknow, Aligarh, Meerut, Ayodhya, Kanpur, Mathura, Agra, Gorakhpur, Varanasi, Ghaziabad, Noida, Gurugram and Chandigarh, gold is selling at ₹1,39,950 per 10 g.
Additionally, gold is priced at ₹1,39,800 per 10 g in Mumbai, Kolkata, Chennai and Guwahati, while in Patna, Bhopal, Indore and Ahmedabad it is recorded at ₹1,39,850 per 10 g. As for silver, a kilo is priced at ₹2,00,000 in Jaipur as well as Delhi, Mumbai, Kolkata, Chennai, Patna, Lucknow, Kanpur, Varanasi, Ghaziabad, Noida, Gurugram, Chandigarh, Ludhiana, Guwahati, Bhopal and Ahmedabad.
International market and bullion update
On November 12, the international market price of gold remained at $3,984.40 per ounce and silver at $51.43 per ounce. According to bullion market data, the spot silver price is estimated at ₹1,83,290 per kilo. The price drop during this wedding season is expected to boost market purchases.