India’s gold and silver prices saw a mild decline on Wednesday, November 13, amid easing global demand and fluctuations in the US dollar. According to
data from Goodreturns.com, the price of 24K gold (99.9% purity) stood at Rs 12,550 per gram, while 22K gold was priced at Rs 11,504 per gram. Gold, often seen as a safe-haven asset and a hedge against inflation, continues to experience modest volatility this festive season as traders weigh softening inflation and interest rate expectations globally. What’s Driving the Prices Experts attribute the current moderation in gold prices to a combination of global and domestic factors. The recent strengthening of the dollar index, subdued festive demand in urban India, and easing inflation pressures have all contributed to price corrections. In addition, a sustained fall in food inflation and GST rate rationalisations have influenced consumer purchasing power, indirectly shaping demand for physical gold. Internationally, the yellow metal has been hovering around $2,360 per ounce, down slightly from last week’s high. City-Wise Gold Rates (Per Gram) City As of November 13, 2025, the price of gold in major Indian cities stood as follows:
Chennai: Rs 12,655 (24K), Rs 11,599 (22K), Rs 9,664 (18K)
Mumbai: Rs 12,550 (24K), Rs 11,504 (22K), Rs 9,412 (18K)
Delhi: Rs 12,565 (24K), Rs 11,519 (22K), Rs 9,427 (18K)
Kolkata: Rs 12,550 (24K), Rs 11,504 (22K), Rs 9,412 (18K)
Bangalore: Rs 12,550 (24K), Rs 11,504 (22K), Rs 9,412 (18K)
Hyderabad: Rs 12,550 (24K), Rs 11,504 (22K), Rs 9,412 (18K)
Kerala: Rs 12,550 (24K), Rs 11,504 (22K), Rs 9,412 (18K)
Pune: Rs 12,550 (24K), Rs 11,504 (22K), Rs 9,412 (18K)
Vadodara: Rs 12,555 (24K), Rs 11,509 (22K), Rs 9,417 (18K)
Ahmedabad: Rs 12,555 (24K), Rs 11,509 (22K), Rs 9,417 (18K)
Silver Prices Remain Steady
Silver prices remained largely unchanged, with the metal trading at Rs 162.10 per gram and Rs 1,62,100 per kilogram, as per Goodreturns.com. Similar to gold, silver rates are influenced by international price trends, industrial demand, and the rupee-dollar exchange rate.
City-wise silver rates (per kilogram) on November 13:
Mumbai, Delhi, Kolkata, Bangalore, Pune, Ahmedabad, Vadodara: Rs 1,62,100
Chennai, Hyderabad, Kerala: Rs 1,73,100
Market Outlook
Analysts suggest that gold may continue to consolidate in the near term as investors await fresh signals from the US Federal Reserve on potential rate adjustments. Domestically, with inflation cooling to a decade-low and the rupee showing relative stability, bullion prices could remain range-bound.
However, any escalation in geopolitical tensions or a sharp correction in equity markets could once again drive safe-haven demand for gold and silver.
