Gold and Silver rates in India today: Prices dip marginally; check rates in Delhi, Kolkata, Mumbai

The minutes of the Federal Open Market Committee’s last meeting in October, released on Wednesday, showed many Fed officials are leaning toward keeping interest rates steady

The spot price of gold was hovering just above $4,065 per ounce for 24-carat purity on November 21, as of 8:22 a.m. That's marginally down 0.30 percent from yesterday's close at $4,077.

"Gold prices declined as markets absorbed stronger-than-expected US September jobs report, which tempered hopes for a December rate cut. The dollar index remained firm against its major crosses, sustaining above 100 mark. Rate-cut expectations have now eased, with probabilities hovering around 30 to 40 percent as traders weigh remarks from Federal Reserve officials alongside broader economic indicators. Meanwhile, ongoing developments related to a potential Russia-Ukraine peace agreement are influencing overall market sentiment," said Manav Modi,  Precious Metal Research and Analyst , Motilal Oswal Financial Services Ltd.

In India, the price of physical yellow metal stood at 1,22,149 per 10 grams of 999 purity, as per Indian Bullion and Jewelers Association (IBJA) in their 12:30 p.m. rate session. That’s around 0.37 percent dip from yesterday’s close at Rs 1,22,561 in the 18:30 p.m. rate session.

The price of gold in the domestic market peaked at Rs 1,26,554 per 10 grams of 999 purity on November 13, 2025.

“Even as the wedding-season demand is taking place, the price of the 24-karat metal is retracting slightly, signaling an alarming period for investors and consumers. With muted hopes of a rate cut and a stronger US dollar affecting market sentiment, the market is currently consolidating instead of moving sharply upward. As an investment opportunity, the recent pull-back provides an opportunity for progressive buying, but is still likely range-bound until global monetary policy provides clarity and we see the physical demand for domestic wedding-season buying carry through,” said Aksha Kamboj, Vice President, IBJA.

Gold prices vary by purity. Check out below to see prices of gold based on their purity.

Silver, on the other hand, continues to shine not just as a household essential but also as a key investment and industrial metal. The spot price of silver remains constant just about $50.

In the domestic market, the price of silver stood at Rs 1,51,375 per kilogram of 999 purity on November 21, as of 12:30 p.m. That’s 1.78 percent dip from yesterday’s close at Rs 1,54,8113 in the 18:30 p.m. rate session, according to IBJA data on precious metal prices.

The price of silver in the domestic market peaked at Rs 1,63,808 per 1 kg of 999 purity on November 13, 2025.

“While silver is still affected by demand for wedding season jewelry, its price has also edged a little lower, indicating a pause in momentum while industrial and investment interest continues to underpin it. From a market perspective, the small drop in silver rates shows the extent to which there has been a pull-back of safe-haven buying, in recognition of diminishing visibility on global rate cuts. For long-term investors, this dip is still a good opportunity to add positions, as the downside risk remains limited in the current environment,” said Kamboj.

Silver prices vary by city. Check out below to see the prices of 999 purity silver where you live.