For 10 g of 24-carat in Delhi: ~ ₹ 1,25,660 (down ~₹ 330).
City-wise example: In Delhi, 24 K = ~₹ 1,23,950 per 10g; 22 K = ~₹ 1,13,621 per 10g.
What’s the trend?
The rates show a slight correction / drop today in many places (e.g., in Delhi 24 K down ~₹ 330 per 10 g).
Earlier in November, prices had risen sharply: from ~₹ 1,17,628/10 g to ~₹ 1,25,839/10 g in about 10 days.
The near-term outlook: Strong support for gold is expected around ~₹ 1,22,900-1,23,800 per 10 g, while resistance is seen at ~₹ 1,26,500-1,27,900 per 10 g.
What’s driving the movement?
Global cues: A weaker U.S. dollar and speculation that the Federal Reserve (Fed) may cut interest rates are supporting gold’s appeal (since gold is a non-yielding asset, rate cuts make it relatively more attractive).
However, some caution remains as profits are being booked, and equity markets have shown some rebound.
Domestic demand: After the festival & wedding season, demand in India has softened, causing dealers to widen discounts to attract buyers.
What this means for buyers/investors
If you are buying jewellery: The slight dip today might be a minor opportunity—but making charges, GST, and local taxes still matter.
If investing (bars/coins/digital gold): Keep an eye on global indicators (US inflation data, Fed decisions, dollar index) because these will impact price direction.
Outlook suggests that if gold breaks above ~₹ 1,26,500 per 10 g and holds, it may target higher zones; conversely, if it falls below ~₹ 1,22,900, further downside can happen.
