Gold Prices in India Witness Downturn on November 24
After a recent surge, the gold market in India experienced a noticeable correction as of Monday, November 24, 2025. The prices of the precious metal declined across all major purity levels, marking a shift from the upward trend witnessed just a couple of days prior. This dip comes after gold had reached an all-time high in early October, showcasing the significant volatility that has characterized the market in recent times.
Today's Carat-Wise Gold Rates Per Gram
The price drop was uniform across different types of gold. For investors and buyers, the most significant change was seen in 24-carat gold, which is primarily used for investment. Its price slipped by ₹71, bringing it down to ₹12,513 per gram.
Similarly, the prices for gold used in jewellery also fell. 22-carat gold, a popular choice for making ornaments, decreased by ₹65 and was trading at ₹11,470 per gram. The rate for 18-carat gold also saw a decline of ₹53, settling at ₹9,385 per gram.
Market Context and Gold's Role
The fluctuation in gold prices is a regular feature of the market, influenced by a combination of global trends and local demand. The recent rise on November 22 was largely attributed to increased demand from the ongoing wedding season in India. However, the downward movement on November 24 highlights the metal's inherent price volatility.
Despite these short-term changes, gold continues to hold its status as a reliable hedge against inflation. Its long-term value and cultural significance, especially during festivals and weddings, keep it at the forefront of both investment portfolios and personal collections in India. The price movement in major metropolitan cities including Chennai, Mumbai, Delhi, and Kolkata reflects this national trend.
