Gold prices declined in India on Tuesday, November 4, as the U.S. dollar strengthened, weighing on demand for the precious metal. On the Multi Commodity Exchange (MCX), gold December futures dropped 0.43% to ₹1,20,886 per 10 grams at 9:38 a.m., while silver December futures slipped 0.41% to ₹1,47,154 per kg.
According to data from the Indian Bullion Association (IBA), 24-carat gold was priced at ₹1,21,120 per 10 grams and 22-carat gold at ₹1,11,027 per 10 grams around 9:56 a.m. Silver (999 Fine) stood at ₹1,47,430 per kg. Over the past two decades, gold prices in India have surged nearly 1,200%, rising from ₹7,638 in 2005 to over ₹1,25,000 in 2025 (as of September), yielding positive returns in 16 of those years. So far in 2025, gold has gained 56%, cementing its place among the year’s top-performing assets.
On November 4, 24-carat gold prices ranged from ₹1,20,810 in Delhi to ₹1,21,190 in Chennai, while 22-carat rates hovered between ₹1,10,743 and ₹1,11,091 per 10 grams. Silver bullion prices across major cities, including Mumbai, Pune, and Hyderabad, averaged around ₹1,47,300–₹1,47,440 per kg.