Gold Prices Today on November 12: 24K & 22K Rates Rise Across Major Indian Cities

Gold prices in India opened with a quiet but steady tone on November 12, and the movement felt familiar to anyone tracking precious metals during global shifts. Early trades hinted at a mild upward drift, supported by a softer dollar and chatter around the US Federal Reserve rate cut prospects.

Across the country—from Mumbai to Chennai and Delhi to Bengaluru—gold prices today showed a mix of small upticks, strong MCX cues, and city-level variations.

Market Performance: A Steady Start for Gold and Silver

The morning session carried a calm tone. On MCX Gold, the December futures contract moved just enough to show strength without breaking rhythm.

• MCX Gold December futures: up 0.05% at ₹1,23,970 per 10 grams
• MCX Silver December contracts: up 0.5% at ₹1,55,460 per kg

Both gold and silver prices aligned with global cues, especially the softening dollar and ongoing discussions around monetary easing.

Main News: Gold Prices Today Across India (November 12)

India Bullion’s early-morning snapshot painted a clear picture of the gold prices in India:

• 24-carat gold: ₹1,24,460 per 10 grams
• 22-carat gold: ₹1,14,088 per 10 grams
• Silver prices: ₹1,56,040 per kg (999 Fine)

These rates framed the day’s sentiment as jewellers, traders, and gold buyers checked how the metal was behaving in the early hours.

City-Wise Gold Rates: 24K & 22K Gold Prices Today

Here is how gold rates moved across major cities on 12 November. The differences reflect each region’s taxes, logistics, and bullion demand.

Gold Rates in Mumbai — November 12

• 24K gold price: ₹1,24,240/10 gm
• 22K gold price: ₹1,13,887/10 gm
• MCX Gold rate: ₹1,23,986/10 gm
• Silver price: ₹1,55,760/kg

Gold Rates in Pune — November 12

• 24K gold price: ₹1,24,190/10 gm
• 22K gold price: ₹1,13,841/10 gm
• MCX Gold rate: ₹1,23,943/10 gm
• Silver price: ₹1,55,690/kg

Gold Rates in Delhi — November 12

• 24K gold price: ₹1,23,980/10 gm
• 22K gold price: ₹1,13,648/10 gm
• MCX Gold rate: ₹1,23,943/10 gm
• Silver price: ₹1,55,430/kg

Gold Rates in Kolkata — November 12

• 24K gold price: ₹1,24,030/10 gm
• 22K gold price: ₹1,13,694/10 gm
• MCX Gold rate: ₹1,23,943/10 gm
• Silver price: ₹1,55,490/kg

Gold Rates in Ahmedabad — November 12

• 24K gold price: ₹1,24,360/10 gm
• 22K gold price: ₹1,13,997/10 gm
• MCX Gold rate: ₹1,23,943/10 gm
• Silver price: ₹1,55,900/kg

Gold Rates in Bengaluru — November 12

• 24K gold price: ₹1,24,400/10 gm
• 22K gold price: ₹1,14,033/10 gm
• MCX Gold rate: ₹1,24,050/10 gm
• Silver price: ₹1,55,930/kg

Gold Rates in Hyderabad — November 12

• 24K gold price: ₹1,24,500/10 gm
• 22K gold price: ₹1,14,125/10 gm
• MCX Gold rate: ₹1,24,050/10 gm
• Silver price: ₹1,56,050/kg

Gold Rates in Chennai — November 12

• 24K gold price: ₹1,24,660/10 gm
• 22K gold price: ₹1,14,272/10 gm
• MCX Gold rate: ₹1,24,050/10 gm
• Silver price: ₹1,56,260/kg

Company Details (Contextual Insight): Gold’s Long-Term Movement

Over the last two decades, gold prices in India have moved sharply upward.

• 20-year rise: from ₹7,638 (2005) to over ₹1,25,000 (2025)
• Total growth: nearly 1,200%
• Positive return years: 16 out of 20
• YTD gain: 56%

These numbers highlight why gold remains central to Indian households—whether for gold jewellery, savings, festivals, or long-term hedging.

Summary: Gold and Silver Stay Firm in Early Trades

Gold prices today on November 12 moved in a controlled, steady band. MCX Gold, 24-karat gold, 22-karat gold, and silver prices all showed mild upward momentum across cities.

Whether it was Mumbai, Delhi, Bengaluru, Chennai, or Pune, the trend stayed consistent: small gains backed by global cues and ongoing interest around the next US Federal Reserve rate cut.