Gold Prices Plummet on November 15: Major City Rates Revealed

Gold prices experienced a significant decline on November 15, bringing relief to many potential buyers. The price drop, particularly in major cities across India, has led to a noticeable shift in gold rates, especially for 22K and 24K gold.

In Kolkata, the rates reflect this downward trend. The price for 18 carat gold now stands at ₹9,381 per gram, down by ₹147. For larger quantities, the cost is ₹93,810 for 10 grams and ₹938,100 for 100 grams, both dropping by ₹1,470 and ₹14,700, respectively.

When examining the rates for 22K and 24K gold in Kolkata, 1 gram of 22K gold is priced at ₹11,465, a decrease of ₹180, while 10 grams costs ₹114,650, down ₹1,800. For 24K gold, the price is ₹12,508 per gram (down ₹196) and ₹125,080 for 10 grams (down ₹1,960).

Gold Price Trends Across Major Cities

City rates reveal similar decreases. In Mumbai, the price of 22K gold per 10 grams is ₹114,650, falling by ₹1,800. The rate for 24K gold in the city is ₹125,080, also down by ₹1,960.

Delhi follows closely with its 22K gold priced at ₹114,800 for 10 grams (down ₹1,800) and 24K gold at ₹125,230 (down ₹1,960). In Hyderabad, the figures remain consistent, with 22K gold at ₹114,650 for 10 grams and 24K at ₹125,080, both reflecting a decrease of ₹1,800 and ₹1,960, respectively.

Jaipur mirrors Hyderabad’s rates, while Chennai shows slightly higher prices. In Chennai, 22K gold costs ₹115,500 for 10 grams, down ₹1,900, while 24K gold is priced at ₹126,000, decreasing by ₹2,070. Lastly, in Patna, 22K gold is listed at ₹114,700 for 10 grams (down ₹1,800) and 24K gold at ₹125,130 (down ₹1,960).

The fluctuations in gold prices can be attributed to various market factors, including international demand and supply dynamics. While these price reductions may bring a sense of relief to buyers, the market remains volatile, and continued monitoring is advised for those looking to invest or purchase gold.