Introduction: India’s Gold Market Sees Slight Decline on November 7, 2025
Gold Rate Today, November 7: The price of gold in India has seen minor fluctuations after a brief rebound earlier this week. As of Friday, November 7, 2025, gold prices have dropped slightly across all major cities including Chennai, Mumbai, Delhi, Kolkata, Hyderabad, and Bengaluru.
According to the latest market data, the 24-carat gold price stands at Rs 12,202 per gram, while 22-carat gold is priced at Rs 11,185 per gram. Meanwhile, the 18-carat gold rate has fallen to Rs 9,152 per gram.
This mild correction comes after gold touched its all-time high in early October at around Rs 132,770 per 10 grams (24K). The recent dip can be attributed to global market adjustments, changes in the US dollar index, and profit booking by investors.
Gold Prices Today, November 7, 2025: City-Wise Rates
The gold rate in India varies slightly from city to city due to local taxes, making charges, transportation costs, and regional demand. Here’s a detailed look at the gold rates for 18, 22, and 24-carat gold across major Indian cities.
| City | 24 Carat Gold (1g) | 22 Carat Gold (1g) | 18 Carat Gold (1g) |
|---|---|---|---|
| Delhi | ₹12,220 | ₹11,200 | ₹9,155 |
| Mumbai | ₹12,210 | ₹11,190 | ₹9,150 |
| Chennai | ₹12,230 | ₹11,210 | ₹9,160 |
| Kolkata | ₹12,200 | ₹11,185 | ₹9,150 |
| Bengaluru | ₹12,205 | ₹11,190 | ₹9,152 |
| Hyderabad | ₹12,202 | ₹11,185 | ₹9,152 |
| Ahmedabad | ₹12,210 | ₹11,190 | ₹9,155 |
| Pune | ₹12,215 | ₹11,195 | ₹9,152 |
| Lucknow | ₹12,225 | ₹11,205 | ₹9,160 |
| Patna | ₹12,210 | ₹11,190 | ₹9,155 |
Note: Prices are indicative and may vary slightly based on market conditions and jeweller-specific rates.
Gold Price Trend in India: October to November 2025
Over the past few weeks, gold prices in India have experienced volatile movements, influenced by both international and domestic factors.
Key Highlights of Recent Gold Price Trends:
- Early October 2025: Gold prices surged to a record high of ₹132,770 per 10 grams due to global economic uncertainty and Middle East tensions.
- Mid-October 2025: Prices stabilized amid positive cues from the US Federal Reserve and a stronger Indian rupee.
- Late October 2025: A mild correction began as investors booked profits following the rally.
- Early November 2025: Gold prices fell slightly before rebounding briefly.
- November 7, 2025: Another small decline of ₹50-₹55 per gram across purity levels.
These fluctuations underline how gold remains sensitive to global market signals such as inflation data, central bank policies, and geopolitical developments.
Why Are Gold Prices Falling Today?
Experts suggest that the slight dip in gold prices on November 7 is due to multiple global and domestic triggers.
1. Strengthening of the US Dollar
A firm US dollar index (DXY) has put pressure on precious metals, making gold more expensive for other currency holders.
2. Cooling Global Inflation
With global inflation rates easing slightly, the demand for gold as a safe-haven asset has softened.
3. Higher Bond Yields
Rising US Treasury yields have made interest-bearing assets more attractive compared to gold, leading to mild selling pressure.
4. Domestic Market Adjustments
In India, local gold prices also fluctuate due to import duty, making charges, and festive season demand cycles.
Gold Price Comparison: November 7 vs November 6, 2025
| Date | 24K Gold (per gram) | 22K Gold (per gram) | 18K Gold (per gram) |
|---|---|---|---|
| Nov 6, 2025 | ₹12,257 | ₹11,235 | ₹9,193 |
| Nov 7, 2025 | ₹12,202 | ₹11,185 | ₹9,152 |
| Change | -₹55 | -₹50 | -₹41 |
The decline, although minor, reflects short-term corrections after weeks of price volatility.
Factors Influencing Gold Prices in India
Gold prices in India are determined by a complex mix of global and local variables. Let’s look at the key factors affecting prices today:
1. International Gold Rates
India imports most of its gold, so any fluctuation in global spot prices directly impacts domestic rates.
2. US Federal Reserve Policies
Interest rate changes by the US Fed can strengthen or weaken the dollar, influencing gold prices globally.
3. Rupee-Dollar Exchange Rate
A weaker rupee increases gold import costs, while a stronger rupee helps stabilize prices.
4. Demand During Festivals and Weddings
Seasonal demand spikes during festivals like Diwali, Dhanteras, and Akshaya Tritiya can lead to short-term price increases.
5. Central Bank Purchases
Rising gold purchases by central banks, especially in Asia and the Middle East, often push up demand.
Gold Price Outlook for November 2025
Short-Term Outlook: Mild Volatility Ahead
Analysts predict that gold may continue to trade within a narrow range as investors await key global economic data releases.
Medium-Term Forecast: Potential Upside
If inflation picks up again or global uncertainties resurface, gold could reclaim its ₹132,000 per 10 grams mark.
Long-Term View: Positive
Over the long term, gold remains a stable investment and a hedge against currency depreciation and inflation.
Investment Tips: Should You Buy Gold Now?
With prices slightly down, investors may find November 2025 a good entry point for gold accumulation.
Expert Tips for Gold Investors:
- Buy in tranches: Instead of lump-sum buying, consider investing in small amounts over time.
- Track international prices: Keep an eye on COMEX gold rates and US dollar trends.
- Diversify holdings: Include digital gold, sovereign gold bonds (SGBs), and ETFs along with physical gold.
- Check purity and certification: Always buy hallmarked gold certified by BIS (Bureau of Indian Standards).
Types of Gold and Their Uses
1. 24-Carat Gold (99.9% Pure)
- Used primarily for investment purposes.
- Not suitable for jewelry due to its softness.
2. 22-Carat Gold (91.6% Pure)
- Ideal for jewellery making.
- A blend of gold with small quantities of metals like copper or silver for strength.
3. 18-Carat Gold (75% Pure)
- Commonly used in designer and lightweight jewellery.
- Durable and more affordable than 22K and 24K.
Global Gold Market Update
In the international market, gold prices have also seen a slight correction.
- Spot gold is currently trading near $2,332 per ounce, down by around 0.3%.
- Silver prices have also dipped slightly to $27.10 per ounce.
The US economic data, including job growth and inflation readings, continues to influence global precious metal markets.
Silver Prices in India – November 7, 2025
Alongside gold, silver prices also showed minor changes today.
| City | Silver Price (per kg) |
|---|---|
| Delhi | ₹146,200 |
| Mumbai | ₹145,950 |
| Chennai | ₹147,300 |
| Kolkata | ₹146,050 |
| Hyderabad | ₹145,980 |
Silver prices generally move in tandem with gold and are affected by industrial demand and global market cues.
Historical Gold Price Movement (Last 3 Months)
| Month | Average 24K Price (per gram) | Trend |
|---|---|---|
| September 2025 | ₹12,015 | Slightly Bullish |
| October 2025 | ₹12,300 | Record Highs |
| November 2025 | ₹12,202 (so far) | Mild Correction |
This data shows that gold prices remain robust over the medium term, despite short-term dips.
Conclusion: Gold Remains a Safe and Profitable Long-Term Asset
Despite the minor dip in gold prices today, gold continues to be a reliable investment avenue for Indian households and investors. The yellow metal’s long-term stability, its role as a hedge against inflation, and its cultural significance in India make it an integral part of every portfolio.
As global uncertainties and domestic festive demand evolve, gold prices are expected to remain firm with mild fluctuations in the coming weeks.
Key Takeaways:
Global cues and local factors continue to shape gold price trends.
Gold Rate Today (November 7, 2025):
24K: ₹12,202 per gram
22K: ₹11,185 per gram
18K: ₹9,152 per gram
Slight decline of ₹41–₹55 across categories.
Delhi, Mumbai, Chennai, Kolkata, Hyderabad report similar prices.
