Gold Price Today: Gold prices across the country have fallen for the third consecutive week. This time, gold prices have fallen by approximately ₹900 to ₹980. According to the latest data, 24-carat gold in Mumbai has fallen from ₹1,23,000 to ₹1,22,020 per 10 grams. 22-carat gold has fallen from ₹1,12,750 to ₹1,11,850 per 10 grams. This means that gold has become cheaper by approximately ₹980 in a week, which is a relief for both investors and buyers.
Why did gold prices fall?
Experts say that the strengthening of the US dollar and the Federal Reserve’s wait-and-see policy have reduced gold demand. When the dollar strengthens, the attractiveness of investing in gold decreases, leading to a drop in prices in the international market. This is directly reflected in the Indian markets as well.
International Market Situation
Globally, the spot price of gold has reached $3,996.93 per ounce. Goldman Sachs estimates that gold prices could reach $4,900 per ounce by December 2026. Some analysts believe prices could reach $4,600 per ounce by the middle of next year. Financial institutions like DSP Merrill Lynch believe that the long-term bull run in gold is not over yet, and the current decline is a temporary correction.
Today’s Gold Prices in Major Cities (November 9, 2025)
City 22 Carat (₹/10 grams) 24 Carat (₹/10 grams)
Delhi ₹1,12,000 ₹1,22,170
Mumbai ₹1,11,850 ₹1,22,020
Ahmedabad ₹1,11,900 ₹1,22,070
Chennai ₹1,13,000 ₹1,23,280
Kolkata ₹1,11,850 ₹1,22,020
Hyderabad ₹1,11,850 ₹1,22,020
Jaipur ₹1,12,000 ₹1,22,170
Bhopal ₹1,11,900 ₹1,22,070
Lucknow ₹1,12,000 ₹1,22,170
Chandigarh ₹1,12,000 ₹1,22,170
Silver prices rise slightly
While gold prices have declined, silver prices have seen a slight increase. Silver has gained ₹500 per kilogram this week. Currently, the price of silver on November 9, 2025, is recorded at ₹1,52,500 per kilogram. The spot price of silver in the global market has reached $48.48 per ounce. According to experts, the prices of both gold and silver are influenced by domestic economic conditions and international factors.
Today’s 24-carat gold price in Mumbai (₹)
Quantity (grams) Today’s price Yesterday’s price change
1 gram ₹12,202 ₹12,202 0
8 grams ₹97,616 ₹97,616 0
10 grams ₹1,22,020 ₹1,22,020 0
100 grams ₹12,20,200 ₹12,20,200 0
Gold prices in Mumbai in the last 7 days
Date 24-carat gold (₹/gram) change (₹) 22-carat gold (₹/gram) change (₹)
November 09 ₹12,202 0 ₹11,185 0
November 08 ₹12,202 0 ₹11,185 0
November 07 ₹12,202 (-55) ₹11,185 (-50)
November 06 ₹12,257 (+109) ₹11,235 (+100)
November 05 ₹12,148 (-98) ₹11,135 (-90)
November 04 ₹12,246 (-71) ₹11,225 (-65)
November 03 ₹12,317 (+17) ₹11,290 (+15)
Frequently Asked Questions (FAQs):
Question 1: Why have gold prices fallen in India?
Answer: The strengthening of the US dollar and the Federal Reserve’s policies have weakened gold demand.
Question 2: How much has the price of gold fallen this week?
Answer: 24-carat gold has become cheaper by ₹980 and 22-carat gold by ₹900 per 10 grams.
Question 3: What is the current international price of gold?
Answer: Currently, the spot price of gold in the global market is $3,996.93 per ounce.
Question 4: What is the average price of 22-carat gold in major cities of India?
Answer: On average, between ₹1,11,850 and ₹1,13,000 per 10 grams.