Gold rates dip on Nov 12: Check Prices in Delhi, Mumbai, and other cities

New Delhi: The precious metal plunged on Wednesday, currently standing at Rs 13,980 per gram for 24-carat purity on November 12, 2026. Rates for 22K and 18K gold are Rs 12,815 per gram and Rs 10,485 per gram, respectively.

Gold rates dipped by Rs 218 for 24K purity, Rs 200 for 22K purity, and Rs 164 for 18K purity compared with November 11, 2026.

Following the US mid-term election results uncertainty prevailed over the ongoing US-Iran conflict, easing inflation concerns sending the crude rates for a weekly decline.

Brent crude edged lower on Thursday by 1.58 per cent to $91.29 a barrel following Wednesday gains of 1.4 per cent. The correction follows the US President Donald Trump's hint towards easing of conflict in the Middle East region. He signaled that it is highly unlikely to launch fresh attacks on Iran as long as the talks proceed regarding ending the conflict. The easing crude prices with expectations of lowering tension in the Middle East supported bullion.

US Federal Reserve's decision to keep the interest rates unchanged however continues to weigh on bullion which face selling pressure on the face of elevated interest rates. At the same time, investors are assessing the US economic data for cues regarding future monetary policy decisions. Higher inflationary risk poses uncertainty for the investors.

Also, the conflicts involving the Middle East have continued to keep inflation fears high since the end of February.

US inflation data and interest rates set by the Federal Reserve continue to influence the yellow metal's trajectory. When the dollar is stronger and interest rates are high, the yellow metal comes under pressure due to the increased opportunity cost of holding it.

Gold continues to remain under pressure, as its trajectory is likely to be influenced by geopolitical concerns and energy prices, with the Federal Reserve's rate decisions further affecting its price.

On a different note, festive buying across India is also playing a role in determining the cost of the yellow metal in domestic market.

Check prices across India:

Delhi

24K: Rs 13,995/g

22K: Rs 12,835/g

18K: Rs 10,500/g

Mumbai

24K: Rs 13,980/g

22K: Rs 12,815/g

18K: Rs 10,485/g

Kolkata

24K: Rs 13,980/g

22K: Rs 12,815/g

18K: Rs 10,485/g

Ahmedabad

24K: Rs 13,985/g

22K: Rs 12,820/g

18K: Rs 10,490/g

Chennai

24K: Rs 13,980/g

22K: Rs 12,815/g

18K: Rs 10,490/g

Hyderabad

24K: Rs 13,980/g

22K: Rs 12,815/g

18K: Rs 10,485/g

Lucknow

24K: Rs 13,995/g

22K: Rs 12,835/g

18K: Rs 10,500/g

Patna

24K: Rs 13,985/g

22K: Rs 12,820/g

18K: Rs 10,490/g

Bangalore

24K: Rs 13,980/g

22K: Rs 12,815/g

18K: Rs 10,485/g

Bhopal

24K: Rs 13,985/g

22K: Rs 12,825/g

18K: Rs 10,490/g

Pune

24K: Rs 13,980/g

22K: Rs 12,815/g

18K: Rs 10,485/g

Thiruvananthapuram

24K: Rs 13,980/g

22K: Rs 12,815/g

18K: Rs 10,485/g

Amritsar

24K: Rs 13,995/g

22K: Rs 12,835/g

18K: Rs 10,500/g

Chandigarh

24K: Rs 13,995/g

22K: Rs 12,835/g

18K: Rs 10,500/g