Gold prices in India witnessed another decline on November 17, 2025, with both 24-karat and 22-karat variants slipping across major markets. The fall comes amid a stronger dollar and subdued demand, impacting domestic futures.
On the MCX, December gold futures dropped 0.88% to ₹1,22,468 per 10 grams, while silver futures fell 0.74% to ₹1,54,866 per kg.
In retail markets, 24-karat gold was priced at ₹1,23,150 per 10 grams, and 22-karat gold at ₹1,12,888 per 10 grams.
City-wise rates showed minor variations:
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Mumbai & Delhi: Around ₹1,23,370 (24K) and ₹1,13,089 (22K)
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Bengaluru: ₹12,497 per gram (24K) and ₹11,455 per gram (22K)
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Chennai: Slightly higher at ₹1,25,070 per 10 grams (24K)
Analysts note that gold’s volatility continues after hitting record highs in October, with investors balancing inflation-hedge appeal against global currency pressures.
The dip highlights the sensitivity of bullion prices to global economic cues, reinforcing gold’s dual role as both a safe-haven asset and a volatile commodity.
Sources: Livemint, Indian Express, Mathrubhumi, Angel One