Gold prices in India are trading slightly lower on Saturday, 15 November 2025, after an overnight slide in global bullion and a sharp drop in MCX gold futures. Across most major cities, 24-carat (999) gold is hovering around ₹12,700 per gram, while 22-carat (916) gold is near ₹11,600 per gram, with modest day‑on‑day declines.
At the exchange level, MCX Gold December futures closed about 2.6% lower on Friday at ₹1,23,400 per 10 grams, tracking a ~2% fall in international gold prices to around $4,090 per ounce.
Below is a detailed, news‑style breakdown of today’s gold price in India, city‑wise rates, and the global cues driving the move.
Gold price today in India: key numbers at a glance (15 November 2025)
Pan‑India averages (retail bullion / jewellery reference)
Based on data collated from Goodreturns, IBJA-linked feeds and brokerage research:
- 24K gold (999 purity)
- Around ₹1,27,030 per 10 g or ₹12,703 per gram (pan‑India reference)
- 22K gold (916 purity)
- Around ₹1,16,440 per 10 g or ₹11,644 per gram
- 18K gold
- Roughly ₹9,527 per gram
- Silver
- Around ₹173.20 per gram or ₹1,73,200 per kg in most metros
Goodreturns’ national rate page, which is widely tracked by jewellers, also shows 24K gold at ₹12,508/g and 22K at ₹11,465/g, both down about ₹180–₹200 per gram compared with yesterday, underlining a clear cooling in domestic prices.
Because different providers update at slightly different times (and some quote IBJA benchmark rates while others use local jeweller polls), you will see today’s 24K rate anywhere between about ₹12,500 and ₹12,700 per gram depending on the source and the city.
Tip for buyers: Treat these figures as benchmarks. Final jewellery prices will be higher once GST (3%), making charges and retailer margins are added.
City-wise gold rate today (15 November 2025)
Most large metros are trading in a tight band, with Chennai still at a premium. Consolidating early‑morning price snapshots from News24, Mathrubhumi and Samco, here’s where 24K and 22K gold stand today:
Approximate retail reference rates
All prices are for standard hallmarked gold; actual retail quotes may vary slightly by jeweller.
- Delhi
- 24K: ~₹1,27,180 per 10 g (₹12,718/g)
- 22K: ~₹1,16,590 per 10 g (₹11,659/g)
- Mumbai
- 24K: ~₹1,27,030 per 10 g (₹12,703/g)
- 22K: ~₹1,16,440 per 10 g (₹11,644/g)
- Chennai
- 24K: ~₹1,28,060 per 10 g (₹12,806/g)
- 22K: ~₹1,17,390 per 10 g (₹11,739/g)
- Kolkata
- 24K: ~₹1,27,030 per 10 g (₹12,703/g)
- 22K: ~₹1,16,440 per 10 g (₹11,644/g)
- Bengaluru
- 24K: ~₹1,27,030 per 10 g (₹12,703/g)
- 22K: ~₹1,16,440 per 10 g (₹11,644/g)
- Hyderabad & Kerala (indicative)
- 24K: ~₹1,27,030 per 10 g (₹12,703/g)
- 22K: ~₹1,16,440 per 10 g (₹11,644/g)
These city‑wise numbers are broadly consistent across News24, Mathrubhumi and brokerage Samco’s morning bulletin, all of which source base data from Goodreturns and IBJA.
Meanwhile, Goodreturns’ live city table is slightly more conservative, putting Mumbai, Bengaluru, Hyderabad and Pune at ₹12,508/g (24K) and ₹11,465/g (22K), with Chennai at about ₹12,600/g (24K).
MCX gold rate today: futures drop over 2.5%
On the derivatives side, Indian gold prices took a more pronounced hit:
- MCX Gold December futures fell 2.64% (₹3,351) to about ₹1,23,400 per 10 g on Friday’s close.
- MCX silver December contracts also slumped over 4% to roughly ₹1,55,530 per kg.
According to data cited by Livemint and IBJA, spot 24K bullion around mid‑day today was near ₹1,23,900 per 10 g, with 22K at about ₹1,13,575 per 10 g in key hubs, showing how quickly domestic reference prices have responded to the global sell‑off.
This means:
- Retail jewellery quotes in the morning still reflected earlier, higher levels (~₹1,27,000 per 10 g).
- Exchange‑traded and wholesale reference prices have already cooled to around ₹1,23,000–₹1,24,000 per 10 g.
The gap you see between MCX/IBJA rates and jeweller quotes is normal and usually reflects:
- Contract specifications and settlement dates
- Local taxes, logistics and margins
- A short lag before smaller jewellers fully re‑price inventory
Global gold price today: sharp overnight slide
Internationally, gold has just come off one of its sharper sessions in recent weeks:
- COMEX gold futures for the front month closed near $4,094 per ounce, down around 2.4% from the previous session.
- Spot gold quotes from major bullion desks put live prices around $4,080–$4,095/oz, a fall of roughly 2% in 24 hours.
A Samco market note points out that:
- Spot gold slid about 1.9% intraday, briefly dropping more than 3% at the day’s low.
- US gold futures mirrored this move, declining about 2.4%.
An Economic Times commodity wrap and other global reports trace the overnight plunge to a mix of factors:
- Hawkish commentary from US Federal Reserve officials, dampening hopes of quick rate cuts.
- Firm US bond yields and a stronger dollar index, which typically pressure dollar‑priced assets like gold.
- A short‑term “risk‑on” mood in global equities, reducing safe‑haven demand.
Despite the correction, both global and Indian gold prices are still sitting on very strong medium‑term gains:
- Trading Economics data show gold still up nearly 60% year‑on‑year in dollar terms.
- Indian media have highlighted that domestic gold prices hit an all‑time high of around ₹1,28,395 per 10 g in mid‑October 2025, with gains of over 60% so far this year.
Why are Indian gold prices still high?
Even with today’s dip, Indian buyers are still dealing with historically expensive gold. Several structural factors explain why:
- Import duty & taxes
- India’s effective gold import duty is currently about 6% (5% basic customs duty plus 1% cess), after being reduced from 15% in 2024–25.
- On top of that, you pay 3% GST on the invoice and jeweller making charges. All this keeps retail prices well above pure international parity.
- Rupee movement
- A softer rupee against the US dollar magnifies global price moves when converted into INR, even if the dollar price is stable.
- Demand patterns
- A Reuters survey this week noted that Indian dealers were offering record discounts (up to about $43/oz) to global spot prices as consumers waited for a pullback after the post‑Diwali surge, but overall levels remain high compared with earlier this year.
- The wedding season and ongoing festival spill‑over keep underlying jewellery demand resilient, even if buyers negotiate aggressively or down‑trade on weight and karatage.
- Safe‑haven and investment flows
- High global uncertainty, central‑bank buying, and volatility in equity markets continue to support allocations to gold ETFs, bars and coins worldwide – and India is no exception.
What today’s gold move means for buyers and investors
For jewellery buyers
- Today’s dip of roughly ₹180–₹200 per gram from recent peaks (depending on your city and data source) offers a modest breather, not a deep discount.
- If you have a near‑term wedding or fixed occasion, it may make sense to:
- Lock in prices in tranches instead of one big purchase.
- Consider 22K over 24K jewellery for better durability and slightly lower cost per gram.
- Always insist on BIS hallmarking, clear breakup of weight, purity, making charges and GST.
For long‑term investors
- Gold has already delivered very strong 1‑year returns, so fresh lump‑sum entries are inherently risky if your horizon is short.
- Many advisors prefer staggered investments through:
- Gold ETFs or gold mutual funds
- Sovereign Gold Bonds (when available)
- Systematic accumulation during dips rather than chasing spikes
For active traders
- The MCX December contract will remain highly sensitive to:
- Upcoming US data (inflation, jobs, Fed minutes)
- Moves in the US 10‑year yield and dollar index
- Any fresh geopolitical flare‑ups or risk‑off waves
- Short‑term intraday strategies are likely to focus on selling rallies as long as global yields stay firm and the dollar remains strong, but volatility cuts both ways, so strict risk management is crucial.
Important: All of the above is general information, not personalised investment advice. Always consult a SEBI‑registered adviser or your financial planner before making big investment decisions.
How to check the most accurate gold rate before you buy
Because today’s numbers clearly vary by source, a quick checklist before stepping into a store:
- Look up at least two independent rate providers
- Example: Goodreturns, Samco’s daily note, or other financial portals.
- Cross‑check IBJA or local bullion association rate (many jewellers display this on their boards).
- Confirm with your jeweller in real time
- Ask explicitly for today’s rate per gram for 24K and 22K, and how much of the final bill is making charge and GST.
- For investment‑grade coins/bars, ensure:
- Proper certificate from a recognised refiner
- Correct weight and purity stamped
- Buy‑back terms are clearly written on the invoice
Done right, this lets you use today’s dip to your advantage without getting mis‑priced on charges.
