Mumbai, Nov 8 : Gold Prices Fall Again Across India After One Day Gain
After a temporary surge on Friday, gold prices in India witnessed a marginal decline on Saturday, November 8, 2025, tracking weak global cues and easing domestic demand post festive season. Both gold and silver rates dropped slightly across major Indian cities.
In New Delhi, 24-carat gold is priced at ₹1,22,160 per 10 grams, while 22-carat gold stands at ₹1,11,990 per 10 grams. Similar trends were recorded in Mumbai, Chennai, and Kolkata, where gold prices saw minor variations of ₹100–₹200 per 10 grams.
City-Wise Gold Rates (November 8, 2025)
City 22-Carat (₹/10g) 24-Carat (₹/10g)
Delhi 1,11,990 1,22,160
Mumbai 1,11,840 1,22,010
Ahmedabad 1,11,890 1,22,060
Chennai 1,11,840 1,22,010
Kolkata 1,11,840 1,22,010
Hyderabad 1,11,840 1,22,010
Jaipur 1,11,990 1,22,160
Lucknow 1,11,990 1,22,160
Bhopal 1,11,890 1,22,060
Chandigarh 1,11,990 1,22,160
In Pune and Bengaluru, 24-carat gold trades around ₹1,22,010 per 10 grams, while 22-carat gold is priced near ₹1,11,840. Overall, gold has declined by ₹150–₹200 per 10 grams compared to Friday’s closing rate.
Global Gold Market Trends
Globally, spot gold prices slipped to $3,996.93 per ounce, indicating a mild correction after reaching recent highs earlier in the week. The fall is linked to profit booking and slower central bank buying activity.
Despite this short-term correction, leading financial institutions maintain a bullish outlook for gold:
Goldman Sachs expects prices to reach $4,900 per ounce by December 2026.
ANZ Bank forecasts around $4,600 per ounce by mid-2026, citing persistent inflationary pressures.
DSP Merrill Lynch projects sustained investor interest due to gold’s status as a safe-haven asset amid global uncertainty.
Silver Prices Also Decline
Silver prices mirrored the trend, falling by nearly ₹200 per kilogram. On November 8, silver is trading at ₹1,52,400 per kilogram in major Indian cities.
Internationally, silver’s spot price stands at $48.48 per ounce, reflecting a minor drop after recent gains. The dip is attributed to weak industrial demand and short-term profit-taking, though long-term demand remains supported by its use in electronics, solar panels, and green technologies.
Why Gold and Silver Prices Are Falling
According to analysts, the latest dip in precious metal prices is driven by:
Global market correction after recent rally.
Weaker retail demand post-Diwali season.
Profit booking by investors.
Stronger U.S. dollar and higher bond yields.
The Bottom Line
On November 8, 2025, gold and silver prices in India declined marginally after a one-day rise.
24-carat gold: ~₹1,22,000 per 10 grams
22-carat gold: ~₹1,11,900 per 10 grams
Silver: ~₹1,52,400 per kilogram
While short-term fluctuations continue, experts remain optimistic about the long-term strength of both gold and silver due to persistent inflation, geopolitical uncertainty, and rising industrial demand.