Gold continues to shine in the Indian market as investors and buyers closely track the latest price movements. On Wednesday, November 12, 2025, gold prices in India held steady at high levels with minor fluctuations across cities. Both 24-karat and 22-karat gold rates saw slight variations depending on the region and local demand.
If you are planning to buy or sell gold, here’s a detailed breakdown of today’s gold rates, city-wise updates, and expert insights on where the market might be heading next.
1. Gold Price in India Today (12 November 2025)
As of Wednesday morning, 24-karat gold (pure gold) is priced at around ₹12,551 per gram, while 22-karat gold (commonly used in jewellery) is available at approximately ₹11,505 per gram. These rates represent the average retail market prices before adding making charges, GST, and hallmarking fees.
Here’s a snapshot of 10-gram prices for easy reference:
| City | 24K Gold (10g) | 22K Gold (10g) |
|---|---|---|
| Mumbai | ₹1,25,510 | ₹1,15,050 |
| Delhi | ₹1,25,660 | ₹1,15,200 |
| Bengaluru | ₹1,25,510 | ₹1,15,050 |
| Chennai | ₹1,26,560 | ₹1,16,000 |
| Ahmedabad | ₹1,25,500 | ₹1,15,000 |
| Kolkata | ₹1,25,480 | ₹1,15,020 |
| Hyderabad | ₹1,25,500 | ₹1,15,050 |
(Note: Prices may vary slightly between stores and include daily changes based on global gold spot prices.)
2. Why Gold Prices Fluctuate
Gold prices in India are influenced by both international and domestic factors. Here are the main drivers affecting today’s rates:
a) Global Economic Trends
Gold often reacts to global economic developments. A weaker US dollar or lower bond yields make gold more attractive for investors. As of this week, uncertainty over the US Federal Reserve’s interest rate decision and slower economic growth signals have kept gold demand strong worldwide.
b) Domestic Demand
India is one of the world’s largest consumers of gold, especially during wedding and festival seasons. In November, high jewellery demand from Diwali and marriage functions continues to support gold prices. Even though rates are high, buyers are active, keeping the market stable.
c) Import Duties and Taxes
Gold in India is largely imported. Hence, fluctuations in import duty, GST, or the Indian rupee’s exchange rate against the US dollar directly impact retail prices. Currently, with the rupee slightly weaker, imported gold becomes costlier, maintaining upward pressure on domestic rates.
d) Market Speculation and MCX Futures
Gold futures on the Multi Commodity Exchange (MCX) are trading near ₹1.24 lakh per 10g, indicating that traders expect steady prices in the near term. However, small intraday corrections are common due to profit-booking.
3. City-Wise Gold Price Overview
Let’s take a closer look at how gold prices differ across India’s major cities today:
Gold Price in Mumbai
Mumbai, India’s financial capital, reports 24K gold at ₹12,551 per gram and 22K gold at ₹11,505 per gram. Local jewellers note stable prices after a two-day increase earlier in the week.
Gold Price in Delhi
In the national capital, 24K gold stands around ₹12,566 per gram, and 22K gold at ₹11,520 per gram. Delhi often reflects global price movements quickly due to high trading volume.
Gold Price in Bengaluru
Bengaluru’s gold rates match Mumbai’s trends, showing 24K gold at ₹12,551 and 22K at ₹11,505 per gram. Demand remains high among tech professionals and investors diversifying their portfolios.
Gold Price in Chennai
Chennai usually records slightly higher prices due to strong traditional demand. On November 12, 24K gold is ₹12,656 per gram, while 22K gold trades at ₹11,600 per gram.
Gold Price in Ahmedabad
Ahmedabad and other cities in Gujarat report similar averages — 24K gold around ₹12,550 and 22K near ₹11,500 per gram. Wedding season has lifted local jewellery sales in the region.
4. Today’s Gold Market Trend
Gold prices have shown a mild correction after continuous gains over the last few weeks. Analysts say this pause is healthy for the market, preventing overheating.
Global Market Influence
Gold prices globally are influenced by:
- The possibility of US interest rate cuts next quarter.
- Ongoing geopolitical tensions in the Middle East.
- High global inflation and stock market volatility.
Together, these factors make gold a preferred safe-haven asset for investors worldwide.
India’s Domestic Outlook
In India, the domestic gold market remains strong due to:
- The upcoming wedding season boosting physical demand.
- Stable exchange rates supporting consistent import volumes.
- Traders expecting mild gains in the short term but cautioning against speculative buying.
5. Expert Analysis: Is It the Right Time to Buy Gold?
Financial experts suggest that the current price level represents a consolidation phase, meaning gold is neither cheap nor overpriced.
- Short-term buyers: If you are buying jewellery for personal use or upcoming events, this is a decent time — prices are steady, and you can avoid future volatility.
- Long-term investors: Gold continues to be a good hedge against inflation and economic uncertainty.
- Traders: Experts recommend caution and advise using dips to accumulate rather than chasing peaks.
If you plan to invest in gold ETFs, sovereign gold bonds, or digital gold, keep an eye on MCX futures trends and global cues.
6. Comparison: 24K vs 22K Gold
| Feature | 24 Karat Gold | 22 Karat Gold |
|---|---|---|
| Purity | 99.9% | 91.6% |
| Best For | Investment, coins, bars | Jewellery |
| Durability | Softer, bends easily | Stronger, suitable for wear |
| Price | Higher | Slightly lower |
In India, 22-karat gold remains the preferred choice for ornaments because it combines purity with strength, while 24-karat gold is used mainly for coins and bars.
7. Key Takeaways for Buyers and Investors
- Gold prices today remain firm but stable, hovering around record levels.
- The ₹12,500+ per gram zone has become the new average for 24K gold in metro cities.
- Expect mild volatility in coming days as global investors react to inflation and currency data.
- Domestic buyers should compare prices between jewellers and always verify hallmark certification before purchase.
- If you plan a bulk purchase (100 grams or more), negotiate making charges — even a 1% difference can save thousands of rupees.
8. Forecast: What Lies Ahead for Gold Prices?
Experts predict gold may remain range-bound in the near term, between ₹1,23,000 and ₹1,27,000 per 10g. Upside potential exists if the global economy weakens further or if central banks continue increasing their gold reserves.
In India, consistent demand from the jewellery sector and festive occasions will likely keep prices supported through the end of the year. A strong rupee or reduced import duty could offer minor relief, but a sharp fall appears unlikely.
Conclusion
To summarise, the gold price on November 12, 2025, across India stands strong — ₹12,551 per gram (24K) and ₹11,505 per gram (22K) on average. Despite small daily corrections, overall sentiment remains bullish due to sustained global uncertainty and festive-season demand.
For anyone looking to invest, buy, or sell gold, staying updated on daily market trends, verifying hallmark purity, and comparing city-wise rates is the smart way to make informed decisions.
