Today Gold Price: Gold prices in India are once again in the headlines. While 24-carat gold reached a record high of ₹1,32,770 per 10 grams in early October, its price has now steadily declined. This news is important for investors and consumers, as gold is known not only as a jewelry item but also as a hedge against inflation.
Rise followed by another decline
Gold prices began a downward trend in October amid fluctuations in international markets and a strengthening dollar. Last week, global markets saw a slight rise, which was reflected in Indian markets on Monday. However, on November 4, gold prices fell once again.
Today’s Latest Rate: 24-Carat Gold ₹12,246 per gram
Today, the price of 24-carat gold in the Indian market was recorded at ₹12,246 per gram. Meanwhile, 22-Carat gold is selling at ₹11,225 per gram, and 18-Carat gold at ₹9,184 per gram. Prices vary slightly across major cities—prices in major centers like Mumbai, Delhi, Chennai, and Kolkata are fluctuating in line with international cues.
What are the signals for investors?
Experts believe that the current decline in gold prices may be short-lived. International economic uncertainty, potential changes in central bank interest rates, and geopolitical tensions could push gold prices higher again in the coming days. Domestic demand is expected to improve due to the festive and wedding season.
Confidence in Gold’s Stability
Despite fluctuations, investors remain confident in gold. 24-carat gold, considered the purest form, has always been a safe bet for long-term investment. 22-carat and 18-carat gold are primarily used in jewelry, maintaining their market demand.
Gold prices in India saw a slight decline on November 4, 2025. The coming global economic situation and the dollar’s movements will determine whether this precious metal will shine again or continue to lose its luster.