New Delhi: Gold rates plunged on Friday, currently standing at Rs 13,849 per gram for 24-carat purity on November 13, 2026. Rates for 22K and 18K gold are Rs 12,695 per gram and Rs 10,387 per gram, respectively.
Prices of precious metal dipped by Rs 131 for 24K purity, Rs 120 for 22K purity, and Rs 98 for 18K purity compared with November 12, 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 rose on Friday to $95.57 a barrel after the prices dropped on Thursday to $91.29. US President Donald Trump said that the US does not need a deal with Iran, sparking fresh concerns over the conflict in the Middle East. Earlier, he hinted towards easing of conflict in the Middle East region, saying 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 13,864/g
22K: Rs 12,710/g
18K: Rs 10,402/g
Mumbai
24K: Rs 13,849/g
22K: Rs 12,695/g
18K: Rs 10,387/g
Kolkata
24K: Rs 13,849/g
22K: Rs 12,695/g
18K: Rs 10,387/g
Ahmedabad
24K: Rs 13,854/g
22K: Rs 12,700/g
18K: Rs 10,392/g
Chennai
24K: Rs 13,849/g
22K: Rs 12,695/g
18K: Rs 10,390/g
Hyderabad
24K: Rs 13,849/g
22K: Rs 12,695/g
18K: Rs 10,387/g
Lucknow
24K: Rs 13,864/g
22K: Rs 12,710/g
18K: Rs 10,402/g
Patna
24K: Rs 13,854/g
22K: Rs 12,700/g
18K: Rs 10,392/g
Bangalore
24K: Rs 13,849/g
22K: Rs 12,695/g
18K: Rs 10,387/g
Bhopal
24K: Rs 13,854/g
22K: Rs 12,700/g
18K: Rs 10,392/g
Pune
24K: Rs 13,849/g
22K: Rs 12,695/g
18K: Rs 10,387/g
Thiruvananthapuram
24K: Rs 13,849/g
22K: Rs 12,695/g
18K: Rs 10,387/g
Amritsar
24K: Rs 13,864/g
22K: Rs 12,710/g
18K: Rs 10,402/g
Chandigarh
24K: Rs 13,864/g
22K: Rs 12,710/g
18K: Rs 10,402/g
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world news on Zee News English.