On Monday, November 24, 2025, gold prices saw a significant decline in the domestic futures market. The Multi Commodity Exchange (MCX) gold futures contract for December 5, 2025, opened at Rs 1,22,743 per 10 grams. This was a drop from the previous trading day’s closing price of Rs 1,24,191 per 10 grams.
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By 10:30 AM on November 24, 2025, the MCX gold futures for December 5, 2025, were trading at Rs 1,22,749 per 10 grams. This marked a decrease of around Rs 1,440 from the previous day’s closing price. During the initial trading hours, the gold futures had reached a high of Rs 1,23,300, indicating some volatility in the early stages of the session.
Silver Prices Also Witness a Decline
Alongside gold, silver prices on MCX also saw a downturn. As of the latest available data, silver was trading at Rs 1,52,989 per kilogram. This was a decrease of around Rs 1,160 compared to the previous day’s closing price. At the start of the trading session, silver opened at Rs 1,53,913 per kilogram. The drop in both gold and silver prices has raised questions among market participants about the current trends and possible buying opportunities.
City-wise Gold Prices
Gold prices vary across cities in India, and the figures below represent the rates as of November 24, 2025, for different karatages.
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Delhi (per 10 grams):
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24 Carat: Rs 1,25,280
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22 Carat: Rs 1,14,850
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18 Carat: Rs 94,000
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Mumbai (per 10 grams):
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24 Carat: Rs 1,25,130
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22 Carat: Rs 1,14,700
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18 Carat: Rs 93,850
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Chennai (per 10 grams):
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24 Carat: Rs 1,25,670
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22 Carat: Rs 1,15,200
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18 Carat: Rs 96,100
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Kolkata (per 10 grams):
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24 Carat: Rs 1,25,130
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22 Carat: Rs 1,14,700
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18 Carat: Rs 93,850
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Ahmedabad (per 10 grams):
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24 Carat: Rs 1,25,180
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22 Carat: Rs 1,14,750
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18 Carat: Rs 93,900
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Lucknow (per 10 grams):
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24 Carat: Rs 1,25,280
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22 Carat: Rs 1,14,850
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18 Carat: Rs 94,000
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Patna (per 10 grams):
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24 Carat: Rs 1,25,180
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22 Carat: Rs 1,14,750
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18 Carat: Rs 93,900
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Hyderabad (per 10 grams):
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24 Carat: Rs 1,25,130
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22 Carat: Rs 1,14,700
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18 Carat: Rs 93,850
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Lower Prices Reflect Favorable Opportunity for Wedding Season Purchases
As the wedding season begins in India, lower gold and silver prices have brought smiles to potential buyers. The dip in gold and silver prices comes at an opportune time, with many Indians looking to buy jewelry for weddings and other celebrations. Experts are hopeful that demand for gold will rise significantly during this festive season.
The declining prices of precious metals, particularly gold, could encourage more buyers to make purchases, seeing the current market as a chance to invest or buy for personal use. The wedding season in India typically sees a surge in demand for gold, which is often considered an essential part of traditional ceremonies.
Although there has been a sharp decline in gold prices, experts suggest that the prices could stabilize in the coming weeks. The global economic situation, along with domestic demand during the wedding season, will likely play a key role in determining future trends in gold and silver prices. Given the fluctuation in the market, potential buyers are advised to keep an eye on further developments.
In summary, the ongoing decrease in gold prices, especially in the domestic futures market, presents a window of opportunity for those looking to make a purchase. As the wedding season progresses, it is expected that the demand for gold will pick up, potentially driving prices higher once again. For now, however, buyers can benefit from the current lower rates in various cities across India.
