Gold Prices Plummet on November 15: Key Rates Revealed

Gold prices experienced a significant decline on November 15, bringing relief to many consumers and investors. The drop in prices has been noted across major cities in India, affecting both 22K and 24K gold rates.

In Kolkata, the price for 18 carat gold now stands at ₹9,381 per gram, reflecting a decrease of ₹147. For 22K gold, prices are ₹11,465 per gram (down ₹180), ₹114,650 for 10 grams (down ₹1,800), and ₹1,146,500 for 100 grams (down ₹18,000). The 24K gold rates in Kolkata are ₹12,508 per gram (down ₹196), ₹125,080 for 10 grams (down ₹1,960), and ₹1,250,800 for 100 grams (down ₹19,600).

Gold Prices in Major Indian Cities

In Mumbai, the price for 22K gold is ₹114,650 for 10 grams, down ₹1,800. The 24K equivalent is priced at ₹125,080, also down ₹1,960. In Delhi, 22K gold is ₹114,800 for 10 grams (down ₹1,800) while 24K gold is priced at ₹125,230 (down ₹1,960).

Moving to Hyderabad, the rates mirror those in Mumbai, with 22K gold at ₹114,650 and 24K gold at ₹125,080 for 10 grams. In Jaipur, 22K gold also costs ₹114,800, and 24K gold is priced at ₹125,230 for 10 grams.

Chennai shows slightly higher rates; 22K gold is at ₹115,500 for 10 grams (down ₹1,900), while the 24K gold price drops to ₹126,000 (down ₹2,070). In Patna, 22K gold is available for ₹114,700 for 10 grams (down ₹1,800) and 24K gold at ₹125,130 (down ₹1,960).

The recent price drop can be attributed to various market factors, including shifts in demand and fluctuations in the international gold market. This development may stimulate buying activity among consumers looking to invest in gold as prices become more accessible.

As the market continues to evolve, consumers and investors will be watching closely for any further changes in gold prices.