Gold prices fall again! Here are 24 karat, 22 karat rates in Mumbai, Delhi, Bengaluru and other cities on November 21 | Stock Market News
Gold has registered another decline in India, with futures on MCX for December delivery easing by roughly 0.52%. The spot rate for 24-karat gold in major metros such as Mumbai, Delhi and Bengaluru stood near ₹1,22,700 per 10 gms, while 22-karat gold was around ₹1,12,000 per 10 gms. The softness reflects pressure from international bullion markets, partly driven by reduced expectations of an imminent rate cut by the Federal Reserve. Silver also slipped about 1.8%, adding to the metals’ muted tone. While the long-term trend remains upward (gold has seen more than a ten-fold rise over two decades), the near-term mood is cautious as investors assess global policy and domestic demand cues.
The Key points
- Domestic futures on MCX dropped 0.52% for gold and 1.82% for silver.
- 24-carat gold averaged around ₹1,22,700 per 10 gms; 22-carat near ₹1,12,000.
- Mumbai: 24K at ~₹1,22,480; 22K at ~₹1,12,273.
- Delhi: 24K at ~₹1,22,200; 22K at ~₹1,12,017.
- Bengaluru and Hyderabad reported similarly near ₹1,22,580 for 24K and ~₹1,12,360 for 22K.
- Retail prices may be higher due to making-charges, GST and local premiums.
- Globally weaker bullion demand and stronger policy-rate outlook weighed on prices.
- Over the past 20 years, gold has delivered positive returns in roughly 16 of those years, rising more than 1,200%.
- Year-to-date gains for gold stand around 56%.
- Investors are advised to verify gold and silver data with certified sources before making investment decisions.
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