Gold and Silver Rates Today: 15 November Update

Gold Rate Today and Silver Rate Today: Key Price Movements on 15 November

The gold rate today slipped marginally by ₹10 for 24-carat gold, while the silver rate today increased by ₹100 in early morning trade. The small movement in domestic prices comes amid volatility in international bullion markets, where gold and silver showed mixed performance. Here is a detailed breakdown of gold price and silver price trends across major Indian cities, followed by global market context.

Domestic Gold Prices: Minor Decline Across Key Markets

24-Carat Gold Prices (10 grams)

• Pan-India average: ₹1,27,030
• Delhi: ₹1,27,180
• Mumbai: ₹1,27,030
• Kolkata: ₹1,27,030
• Chennai: ₹1,28,060

The price of 24-carat gold saw a uniform decline of ₹10 across most cities, reflecting subdued domestic movement early in the day. Chennai, however, continues to trade at a higher range compared to other metro cities.

22-Carat Gold Prices: Slight Dip of ₹10

22-Carat Gold Prices (10 grams)

• Pan-India average: ₹1,16,440
• Delhi: ₹1,16,590
• Mumbai: ₹1,16,440
• Kolkata: ₹1,16,440
• Bengaluru: ₹1,16,440
• Hyderabad: ₹1,16,440
• Chennai: ₹1,17,390

Prices of 22-carat gold also slipped by ₹10, showing a similar trend to 24-carat gold. Delhi continues to trade at a small premium over other metros.

Silver Prices: ₹100 Rise in Early Trade

Silver Price (1 kilogram)

• Delhi: ₹1,73,200
• Mumbai: ₹1,73,200
• Kolkata: ₹1,73,200
• Chennai: ₹1,79,900

The silver rate today increased by ₹100, bringing the price to ₹1,73,200 per kg in most major cities. Chennai continues to show a higher price band due to local market dynamics and making charges.

City-Wise Price Table for Quick Reference

Gold & Silver Rate Today (15 November)

This table summarises gold and silver prices as of early morning on 15 November, making it easier for readers to compare rates across regions.

International Gold and Silver Prices: Notable Weekly Movements

Global Gold Prices

Gold prices in the international market saw a sharp decline following broader market weakness influenced by hawkish comments from U.S. Federal Reserve officials.

• Spot gold: Fell 1.9% to $4,092.72/oz
• Intraday decline: Over 3% at the day’s low
• Weekly performance: Up 2.3% so far
• US gold futures (December): Down 2.4% at $4,094.20/oz

The decline in global prices was primarily driven by expectations that interest rates might remain elevated longer than anticipated, reducing short-term appeal for non-yielding assets such as bullion.

Global Silver and Other Precious Metals

Silver showed mixed movement compared with gold, sliding in intraday trade but still staying positive on a weekly basis.

• Spot silver: Down 2.8% to $50.84/oz
• Weekly change: Up 5.2% so far

Other metals also declined during the session:

• Platinum: Down 2.1% to $1,547.30/oz
• Palladium: Down 2.8% to $1,387.25/oz

Despite the dip, both platinum and palladium remain higher for the week.

Understanding Price Variation Across Cities

Gold and silver prices differ across Indian cities due to:

• Local taxes and transportation costs
• Varying making charges
• Regional demand fluctuations
• Differences in market liquidity

This leads to slight price variations, as seen especially in Chennai, which consistently trades at a premium.

How Global Trends Influence Domestic Gold Prices

Domestic precious metal prices often mirror global trends, as India imports a significant portion of its gold and silver. Factors influencing international prices include:

• U.S. interest rate sentiments
• Dollar strength
• Bond yields
• Geopolitical developments
• Global investment flows into safe-haven assets

This backdrop explains the movement seen in the gold rate today and silver rate today, even when domestic demand factors remain stable.