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Gold prices in India dropped again on 21 November as global markets weakened due to a stronger US dollar and reduced investor interest. International gold rates slipped to $4,061.53 per ounce, leading to a decline in domestic prices across major cities. In Delhi, 24-carat gold fell to ₹1,24,400 per 10 grams, while 22-carat stood at ₹1,14,040.
Gold Turns Cheaper Nationwide as Global Rates Slide
New Delhi: On November 21, gold prices continued to fall. The strengthening of the dollar in the international market and weak investor interest have put pressure on gold prices. The global price of gold has fallen to $4,061.53 per ounce. This has had a direct impact on the Indian market, where gold prices have softened today.
The price of 24-carat gold in the national capital has fallen to ₹1,24,400 per 10 grams. Meanwhile, 22-carat gold was recorded at ₹1,14,040 per 10 grams. This is the second consecutive time that gold prices have seen such a decline in the domestic market. Experts say that the weak global trend may continue for some more days.
Gold Price Today: Yellow metal falls on Monday; Latest city-wise rates inside
Gold rates also declined in the country's major economic centers—Mumbai, Kolkata, Chennai, and Hyderabad. In all these cities, 22-carat gold was recorded at ₹1,13,890 per 10 grams, and 24-carat gold at ₹1,24,250 per 10 grams. Gold prices generally remain similar in these cities, due to similar tax structures and trade policies.
Delhi: 24K – ₹1,24,400 | 22K – ₹1,14,040
Ahmedabad: 24K – ₹1,24,300 | 22,000 – ₹1,13,940
Chennai: 24,000 – ₹1,24,250 | 22,000 – ₹1,13,890
Kolkata: 24,000 – ₹1,24,250 | 22,000 – ₹1,13,890
Hyderabad: 24,000 – ₹1,24,250 | 22,000 – ₹1,13,890
Jaipur: 24,000 – ₹1,24,400 | 22,000 – ₹1,14,040
Bhopal: 24,000 – ₹1,24,300 | 22,000 – ₹1,13,940
Lucknow: 24,000 – ₹1,24,400 | 22K – ₹1,14,040
Chandigarh: 24K – ₹1,24,400 | 22K – ₹1,14,040
These figures clearly show that gold prices have seen a similar decline across the country.
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Like gold, silver prices have also seen a sharp decline. On November 21, the price of silver fell to ₹1,64,900 per kilogram. Meanwhile, the spot price of silver in the international market fell to $50.73 per ounce. This is considered the biggest decline in silver prices in a week.
No single institution or agency in India controls the determination of gold prices. Several factors are responsible for this:
When the dollar strengthens, gold prices usually rise. However, when global prices fall, gold also becomes cheaper in the domestic market.
