Gold Shines Bright as US Dollar Weakens
Gold prices in India witnessed a significant upswing during trading hours on November 13, driven primarily by a decline in the US dollar value. This dollar weakness emerged after US lawmakers successfully passed a temporary funding bill to end the federal shutdown, making gold more attractive to international investors seeking stable assets.
The precious yellow metal demonstrated strong performance across major Indian exchanges and retail markets. MCX Gold December futures increased by 0.55% to reach ₹1,27,166 per 10 grams around 1:03 pm, while the silver market showed even more impressive gains with MCX Silver December contracts rising 1.83% to ₹1,65,050 per kg.
Current Gold and Silver Rates Across India
According to India Bullions data collected at 1:08 pm on November 13, the prices of 24-carat gold stood at ₹1,27,490 per 10 grams, while 22-carat gold was trading at ₹1,16,866 per 10 grams. Silver prices for the 999 Fine variety reached ₹1,65,230 per kilogram during the same period.
The bullion market showed varied pricing across major Indian cities, with retail customers advised to account for additional charges that jewellers typically add to the final bill. These include making charges, applicable taxes, and GST, which can significantly increase the purchase price beyond the spot rates.
City-Wise Gold and Silver Rates
Mumbai: 24 karat gold - ₹1,27,260/10 gm, 22 karat gold - ₹1,16,655/10 gm, Silver - ₹1,64,930/kg
Delhi: 24 karat gold - ₹1,27,040/10 gm, 22 karat gold - ₹1,16,453/10 gm, Silver - ₹1,64,650/kg
Kolkata: 24 karat gold - ₹1,27,090/10 gm, 22 karat gold - ₹1,16,499/10 gm, Silver - ₹1,64,720/kg
Chennai: 24 karat gold - ₹1,27,630/10 gm, 22 karat gold - ₹1,16,994/10 gm, Silver - ₹1,65,410/kg
Bengaluru: 24 karat gold - ₹1,27,360/10 gm, 22 karat gold - ₹1,16,747/10 gm, Silver - ₹1,65,060/kg
Hyderabad: 24 karat gold - ₹1,27,460/10 gm, 22 karat gold - ₹1,16,838/10 gm, Silver - ₹1,65,190/kg
Ahmedabad: 24 karat gold - ₹1,27,430/10 gm, 22 karat gold - ₹1,16,811/10 gm, Silver - ₹1,65,150/kg
Pune: 24 karat gold - ₹1,27,260/10 gm, 22 karat gold - ₹1,16,655/10 gm, Silver - ₹1,64,930/kg
Gold's Remarkable 20-Year Growth Trajectory
The recent price surge continues a long-term bullish trend for gold in the Indian market. Over the past two decades, gold prices have skyrocketed by an astonishing 1,200%, climbing from just ₹7,638 in 2005 to over ₹1,25,000 in 2025 (as of September data).
This impressive growth story becomes even more remarkable when considering the consistency of returns. Gold has delivered positive annual returns in 16 out of the last 20 years, establishing itself as one of the most reliable investment assets in the Indian portfolio. The current year has been particularly strong, with gold prices gaining 56% on a year-to-date (YTD) basis.
Market analysts attribute gold's sustained performance to its traditional role as a safe-haven asset during economic uncertainties, currency fluctuations, and geopolitical tensions. The recent US government developments that weakened the dollar only reinforced this trend, prompting investors to flock toward the stability of precious metals.
While the short-term outlook remains positive due to ongoing global economic uncertainties, investors are advised to consult certified experts before making any investment decisions, considering their individual financial goals and risk appetite.
