Gold prices started the day on a softer note as the market reacted to the stronger US dollar and the weak global mood. The early dip in gold prices created a steady buzz across the bullion market, especially with traders watching how the yellow metal and silver would move through the session.
Through the morning, gold and silver worked their way through a broader risk-off environment, making “gold price today” one of the most searched terms across financial platforms. And with MCX Gold rate slipping sharply, the focus stayed on price levels in major cities like Mumbai, Delhi, Bengaluru, and Chennai.
Market Performance: Gold Prices Ease as MCX Gold Rate Slips
The early hours on 18 November saw a clear shift in the tone of the precious metals market. Gold prices reacted quickly, and the drop was visible across both spot rates and MCX futures.
MCX Gold December futures declined 1.3% to ₹1,21,333 per 10 grams, while MCX Silver December contracts registered an even deeper fall of 2.38% at ₹1,51,608 per kg.
According to India Bullion data:
- 24 karat gold rate: ₹1,21,780 per 10 gm
- 22 karat gold rate: ₹1,11,632 per 10 gm
- Silver price: ₹1,52,370 per kg (999 fine)
The fall aligned with the pressure coming from the global market. With the dollar firming up, gold shifted into a corrective phase, a move that felt almost expected after the sharp price run-up seen over the year.
Main News: Gold Price Today Across Major Indian Cities
The spotlight today was on how gold and silver rates moved across India’s bullion hubs. From Mumbai to Chennai, the pricing landscape carried a similar tone—muted, softer, and shaped by macro trends.
Below is a city-wise snapshot for 18 November, covering both 22 karat gold rate and 24 karat gold rate, along with updated silver prices and MCX rates.
Gold and Silver Prices in Mumbai — 18 November
- 24 karat gold rate: ₹1,21,440/10 gm
- 22 karat gold rate: ₹1,11,320/10 gm
- MCX Gold rate: ₹1,21,140/10 gm
- Silver price: ₹1,52,110/kg
- MCX Silver 999: ₹1,52,110/kg
Mumbai saw steady gold prices, moving in line with the national trend.
Gold and Silver Prices in New Delhi — 18 November
- 24 karat gold rate: ₹1,21,230/10 gm
- 22 karat gold rate: ₹1,11,128/10 gm
- MCX Gold rate: ₹1,21,140/10 gm
- Silver price: ₹1,51,850/kg
- MCX Silver 999: ₹1,51,850/kg
Delhi’s bullion market mirrored Mumbai, showing softer gold and silver prices.
Gold and Silver Prices in Kolkata — 18 November
- 24 karat gold rate: ₹1,21,280/10 gm
- 22 karat gold rate: ₹1,11,173/10 gm
- MCX Gold rate: ₹1,21,140/10 gm
- Silver price: ₹1,51,740/kg
- MCX Silver 999: ₹1,51,740/kg
Kolkata followed the national downtrend as well.
Gold and Silver Prices in Ahmedabad — 18 November
- 24 karat gold rate: ₹1,21,600/10 gm
- 22 karat gold rate: ₹1,11,467/10 gm
- MCX Gold rate: ₹1,21,140/10 gm
- Silver price: ₹1,52,150/kg
- MCX Silver 999: ₹1,52,150/kg
Ahmedabad recorded marginally higher prices compared to some other cities.
Gold and Silver Prices in Bengaluru — 18 November
- 24 karat gold rate: ₹1,21,530/10 gm
- 22 karat gold rate: ₹1,11,403/10 gm
- MCX today gold rate: ₹1,21,130/10 gm
- Silver price: ₹1,52,120/kg
- MCX Silver 999: ₹1,52,120/kg
The Bengaluru bullion market held steady within the broader national range.
Gold and Silver Prices in Hyderabad — 18 November
- 24 karat gold rate: ₹1,21,620/10 gm
- 22 karat gold rate: ₹1,11,485/10 gm
- MCX Gold rate: ₹1,21,130/10 gm
- Silver price: ₹1,52,240/kg
- MCX Silver 999: ₹1,52,240/kg
Hyderabad saw one of the highest 24K price prints among major cities.
Gold and Silver Prices in Chennai — 18 November
- 24 karat gold rate: ₹1,21,790/10 gm
- 22 karat gold rate: ₹1,11,641/10 gm
- MCX Gold rate: ₹1,26,991/10 gm
- Silver price: ₹1,52,440/kg
- MCX Silver 999: ₹1,21,130/kg
Chennai recorded the highest 24 karat gold rate at ₹1,21,790 per 10 grams.
Company Details: Gold’s Two-Decade Climb
Even with today’s correction, the long-term story of gold remains one of steady growth. Over the last 20 years, gold prices have climbed 1,200%, rising from ₹7,638 in 2005 to above ₹1,25,000 in 2025 (as of September).
Gold delivered positive returns in 16 out of 20 years and gained 56% on a YTD basis.
This historical context is what keeps the gold market firmly in focus, especially during volatile periods in global currencies and commodities.
Summary: Key Takeaways on Gold Price Today (18 November)
- Gold prices dropped in early trade due to a stronger US dollar.
- MCX Gold rate fell 1.3% to ₹1,21,333 per 10 grams.
- MCX Silver rate declined 2.38% to ₹1,51,608 per kg.
- 24 karat gold rate ranged between ₹1,21,230–₹1,21,790 across major cities.
- 22 karat gold rate ranged between ₹1,11,128–₹1,11,641.
- Silver prices stayed around ₹1,51,700–₹1,52,440 per kg.
- Chennai posted the highest gold rate of the day.
- The broader bullion market reflected weak global cues.
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