Gold prices opened firm on November 7, extending their steady upward trend as global cues turned supportive. A softer dollar and improved sentiment in international markets pushed investors back toward safe-haven assets. And when global momentum shifts even slightly, India’s gold market usually responds in seconds. Today was no different.

Across major Indian cities, both 24-carat gold and 22-carat gold edged higher, while silver prices also gained early traction. With MCX Gold futures moving up and retail bullion rates reflecting the same tone, the precious metals market stayed in focus for investors, jewellers, and traders tracking price swings closely.

Market Performance: MCX Gold and Silver Start the Day Higher

Gold began the session on a positive note, supported by global cues and domestic demand ahead of the wedding season.

Here’s how MCX prices moved during early trade on November 7:

• MCX Gold December futures: ₹1,20,850 per 10 grams (up 0.2%)
• MCX Silver December futures: ₹1,48,175 per kg (up 0.75%)

India Bullions data mirrored a similar trend:

• 24-carat gold: ₹1,21,260 per 10 grams
• 22-carat gold: ₹1,11,155 per 10 grams
• Silver (999 Fine): ₹1,48,670 per kg

Main News: City-Wise Gold and Silver Prices Across India

Gold prices stayed elevated in major metros, with most cities quoting 24-carat rates close to the ₹1.21 lakh per 10 grams mark. Here’s a clean breakdown of the retail bullion rates across key cities as of November 7.

24-Carat & 22-Carat Gold Prices Today

Mumbai

• 24-carat gold: ₹1,21,120 per 10 grams
• 22-carat gold: ₹1,11,027 per 10 grams
• MCX Gold: ₹1,20,929 per 10 grams
• Silver bullion: ₹1,48,500 per kg
• MCX Silver 999: ₹1,48,500 per kg

Pune

• 24-carat gold: ₹1,21,120 per 10 grams
• 22-carat gold: ₹1,11,027 per 10 grams
• MCX Gold: ₹1,20,915 per 10 grams
• Silver bullion: ₹1,47,930 per kg
• MCX Silver 999: ₹1,48,420 per kg

Delhi

• 24-carat gold: ₹1,20,900 per 10 grams
• 22-carat gold: ₹1,10,825 per 10 grams
• MCX Gold: ₹1,20,915 per 10 grams
• Silver bullion: ₹1,48,170 per kg
• MCX Silver 999: ₹1,48,170 per kg

Kolkata

• 24-carat gold: ₹1,20,980 per 10 grams
• 22-carat gold: ₹1,10,898 per 10 grams
• MCX Gold: ₹1,20,950 per 10 grams
• Silver bullion: ₹1,48,250 per kg
• MCX Silver 999: ₹1,48,250 per kg

Ahmedabad

• 24-carat gold: ₹1,21,310 per 10 grams
• 22-carat gold: ₹1,11,201 per 10 grams
• MCX Gold: ₹1,20,950 per 10 grams
• Silver bullion: ₹1,48,650 per kg
• MCX Silver 999: ₹1,48,650 per kg

Bengaluru

• 24-carat gold: ₹1,21,240 per 10 grams
• 22-carat gold: ₹1,11,137 per 10 grams
• MCX Gold: ₹1,20,950 per 10 grams
• Silver bullion: ₹1,48,570 per kg
• MCX Silver 999: ₹1,48,570 per kg

Hyderabad

• 24-carat gold: ₹1,21,330 per 10 grams
• 22-carat gold: ₹1,11,219 per 10 grams
• MCX Gold: ₹1,20,946 per 10 grams
• Silver bullion: ₹1,48,680 per kg
• MCX Silver 999: ₹1,48,680 per kg

Chennai

• 24-carat gold: ₹1,21,490 per 10 grams
• 22-carat gold: ₹1,11,366 per 10 grams
• MCX Gold: ₹1,20,946 per 10 grams
• Silver bullion: ₹1,48,880 per kg
• MCX Silver 999: ₹1,48,880 per kg

Company Details or Segment Insight

While gold often moves with global triggers, its long-term journey tells its own story. The metal has been a steady performer over the past two decades, rising more than 1,200% since 2005. Prices have moved from ₹7,638 per 10 grams in 2005 to over ₹1,25,000 in 2025 (as of September).

Out of 20 years, gold delivered positive returns in 16 years, reflecting its role as a preferred store of value.

On a year-to-date basis, gold prices gained 56%, showcasing strong momentum supported by global economic shifts, geopolitical tension, and the broader appetite for safe-haven assets.

Summary

Gold prices remained firm across India on November 7, with MCX Gold and retail 24-carat rates showing steady gains. A weaker dollar and supportive global cues kept the sentiment positive, while silver followed the same upward trajectory. With wedding-season demand and global momentum working together, both gold and silver stayed in focus for investors tracking daily price swings.