What we do know
- On the domestic futures side (Multi Commodity Exchange of India, MCX) the contract for December delivery was trading at around ₹1,25,007 per 10 g for gold.
- For major cities on 10 November 2025, the published physical rates were:
- Mumbai: 24 k at ~ ₹1,22,640 per 10 g; 22 k at ~ ₹1,12,420 per 10 g.
- New Delhi: 24 k at ~ ₹1,22,770 per 10 g; 22 k at ~ ₹1,12,539 per 10 g.
- Kolkata: 24 k at ~ ₹1,22,810 per 10 g; 22 k at ~ ₹1,12,576 per 10 g.
- Bengaluru: 24 k at ~ ₹1,23,120 per 10 g; 22 k at ~ ₹1,12,860 per 10 g.
City-wise snapshot (approx.) on 11 November 2025
WhatsApp Group Join Now
Given the data above and the upward momentum, one can reasonably infer the following approximate rates:
| City | 24 k Gold (per 10 g) | 22 k Gold (per 10 g) |
|---|---|---|
| Mumbai | ~ ₹1,22,600–1,23,000 | ~ ₹1,12,400–1,12,800 |
| Delhi | ~ ₹1,22,700–1,23,100 | ~ ₹1,12,500–1,12,900 |
| Kolkata | ~ ₹1,22,800–1,23,200 | ~ ₹1,12,500–1,12,900 |
| Bengaluru | ~ ₹1,23,100–1,23,500 | ~ ₹1,12,800–1,13,200 |
These are estimated ranges based on the latest published numbers and market trend of upward movement in gold prices.
Market Outlook / Key Observations
- The increase in domestic gold prices is being driven by a weakening U.S. dollar and strong global bullion markets.
- Despite strong global momentum, jewellery demand in India is somewhat subdued post-festival; dealers are offering larger discounts to incentivise buys.
- The futures price (~₹1,25,007 per 10 g) suggests room for further upside in the physical market, particularly in major centres.
