Gold prices in India climbed slightly on November 9, 2025, driven by firm global trends, a weaker rupee, and brisk festive buying across key markets. The precious metal, long considered both an investment and an emotional asset in Indian households, saw modest gains ahead of the peak wedding season, while silver prices remained largely unchanged.
Traders said the uptick reflects renewed safe-haven demand amid global economic uncertainty and expectations of U.S. interest rate cuts early next year.
Gold prices today
As of Sunday, 24K gold (99.9 percent purity) was priced at around Rs 12,202 per gram, while 22K gold (91.67 percent purity, commonly used for jewellery) traded at Rs 11,185 per gram nationally.
In major cities, the metal’s price varied slightly — Delhi saw 24K gold at Rs 12,217 per gram and 22K at Rs 11,200, while Mumbai and Kolkata matched the national average at Rs 12,202 and Rs 11,185 respectively. Chennai, traditionally one of the strongest bullion markets, recorded the highest price with 24K gold at Rs 12,328 per gram and 22K at Rs 11,300.
According to analysts, the steady rise in prices has been supported by robust retail demand during Diwali and Dhanteras, coupled with import cost inflation due to the rupee’s softness against the U.S. dollar.
“Gold prices are finding strong support from both international buying and domestic festive demand. However, sustained price hikes could moderate bulk jewellery purchases in the near term,” said a Mumbai-based bullion dealer.
Silver prices today
Silver, too, stayed firm in the domestic market, trading at approximately Rs 1,52,500 per kilogram for 999 purity metal. Sterling silver (925 purity) hovered around Rs 1,50,000 per kilogram.
Across top cities, silver was priced at Rs 1,525 per 10 grams in Delhi, Mumbai, and Kolkata, while Chennai quoted a higher rate of Rs 1,650 per 10 grams.
Market watchers said silver’s stability hides underlying volatility driven by industrial demand, particularly from solar, electronics, and electric vehicle sectors, and global metal supply dynamics. “While silver has underperformed gold this quarter, its industrial use could keep long-term demand intact,” said a commodities analyst.
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