Gold prices fell for the third day in a row, declining by ₹1,470 per 10 grams in early trade on Wednesday, November 13, due to a stronger US dollar in global markets. The American currency traded near three-month high levels ahead of the key inflation data which could give cues about possible rate cuts by the US Federal Reserve.
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Gold of 24K purity declined by ₹1,470 per 10 grams while gold of 22K variety tanked ₹1,350 per 10 grams in major Indian cities, marking their third straight day of decline. In three days, gold prices have corrected by around 2,080 per 10 grams due to global trends.
In early Asian trade, the spot gold price was $2,606 an ounce, up by 0.05%. In overnight trade, the metal dropped to an over two-month low of $2,597 an ounce.
Check the latest gold and silver prices across major cities today:
Gold Price Today in India (13 November, 2024)
In Delhi markets, 24K gold prices declined by ₹1,470 to ₹77,430 per 10 grams and 22K gold by ₹1,350 at ₹70,990 per 10 grams.
Gold Price Today in Major Cities:
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | ₹70,990 | ₹77,430 |
| Mumbai | ₹70,840 | ₹77,280 |
| Chennai | ₹70,840 | ₹77,280 |
| Kolkata | ₹70,840 | ₹77,280 |
Silver Price Today in India (13 November, 2024)
Silver prices retreated by ₹2,000 per kg in major Indian cities in early trade on Wednesday due to weak demand from industrial units. Falling for the third straight day, silver dropped ₹2,000 to ₹90,900 per kg in major Indian cities.
Spot Silver traded higher by 0.81% at $30.94 an ounce in global markets. The metal hit a low of $30.64 an ounce and a high of $30.98 an ounce in overnight trade.
Silver Price Today in Major Cities:
| City | Silver Price (per kg) |
|---|---|
| Delhi | ₹90,900 |
| Mumbai | ₹90,900 |
| Chennai | ₹99,900 |
| Kolkata | ₹90,900 |
Comparison of Gold and Silver Prices This Week
Gold prices continued to fall for the third day, in line with global trends. This was due to a firm US dollar ahead of key inflation data. President-elect Donald Trump’s expansionary policies have bolstered the US dollar.
Silver prices have also corrected around ₹3,100 per kg in three straight days of decline on weak domestic demand.
Here’s a comparison of gold and silver prices from earlier this week:
| Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
|---|---|---|---|
| Nov 13 | ₹70,840 | ₹77,280 | ₹90,900 |
| Nov 12 | ₹72,190 | ₹78,750 | ₹92,900 |
| Nov 11 | ₹72,740 | ₹79,350 | ₹93,900 |
| Nov 9 | ₹72,750 | ₹79,360 | ₹94,000 |
| Nov 8 | ₹71,990 | ₹78,550 | ₹92,900 |
| Nov 7 | ₹72,090 | ₹78,650 | ₹93,900 |
| Nov 6 | ₹73,540 | ₹80,230 | ₹95,900 |
All Mumbai rates
