look news india
New Delhi: As the festive season ends and just before the beginning of the auspicious time of marriage, a very relieving news has emerged from the bullion market for the common man and the jewelery buyers. A softening of gold prices has been observed on Thursday, 12 November 2026, the very next day of the holy festival of Bhai Dooj. The price of yellow metal, which has been skyrocketing for the last several days, now seems to be taking a break. Today, the price of 22 carat gold has slipped to ₹ 1,30,290 per 10 grams in the bullion market of the national capital Delhi. For those buyers who were hesitant to visit jewelery showrooms during festivals due to high prices, this decline is no less than a big gift. Market experts believe that this pressure has arisen on prices due to the strength of the dollar in the international market and slight slowdown in festive demand at domestic level.
The country’s capital Delhi, which is one of the largest bullion hubs of North India, is witnessing a falling trend in prices since this morning. According to the latest data from major jewelery markets like Delhi’s famous Dariba Kalan and Karol Bagh, 10 grams of 22 carat gold (91.6% purity) is now trading around ₹ 1,30,290. If we look at it per gram, the price of 1 gram 22 carat gold in Delhi remains between ₹ 13,028 to ₹ 13,029. At the same time, if we talk about 24 carat gold (99.9% purity), which is considered the purest from investment point of view, its price has also slipped to around ₹ 1,42,120 per 10 grams. Moreover, the price of 18 carat gold, preferred for modern and lightweight jewellery, was recorded at ₹1,06,590 per 10 grams in Delhi today. Keep in mind that these prices currently do not include 3 percent GST and the making charges charged by jewelers.
It is often seen that on big festivals like Dhanteras, Diwali and Bhai Dooj, there is huge purchase of gold in India, due to which the prices skyrocket. But as soon as the festival passes, profit booking starts in the market. This time also there has been a slight slowdown in domestic demand after Bhai Dooj. Along with this, fluctuations are also being seen in the future prices of gold on the International Commodity Market (COMEX) and Multi Commodity Exchange (MCX). Globally, the US inflation data and the strengthening of the US dollar index have dimmed the shine of gold in the international market, which has had a direct impact on the Indian bullion market. Bullion market experts say that until global economic signals stabilize, similar fluctuations in gold prices may continue.
Today, not only Delhi, but also other metros and states of the country are witnessing a softening trend in gold prices. In the financial capital Mumbai, Kolkata and Bengaluru, the prices of 22 carat and 24 carat gold have also come down as compared to the last session. The price of 22 carat gold in Mumbai remains in the range of ₹1,30,150 to ₹1,32,200 per 10 grams, while in Chennai, a major market in South India, prices remain slightly higher due to local taxes and demand. In major cities of Uttar Pradesh like Lucknow, Kanpur, Noida and Ghaziabad, similar decline in prices has been recorded as in Delhi, due to which local jewelers are expected to increase the footfall of customers. There is slight variation in prices in each city due to transportation costs and local bullion association premiums.
The big season of weddings starts across the country from the month of November with Devuthani Ekadashi. For those families who have a wedding in the coming weeks or months, this fall in the price of gold is no less than a boon. Market experts advise that instead of buying all the gold at once, customers should adopt the strategy of ‘buy on dips’. Since 22 carat gold has come down to ₹1,30,290 in Delhi today, you can book some portion of your requirement now. Due to this, if prices increase again in future, there will be no additional burden on your budget.
If you are planning to take advantage of this decline and visit a jewelery showroom today, then it will be beneficial for you to take some very important precautions. First of all, always buy hallmarked gold certified by the Bureau of Indian Standards (BIS). Make sure to check the hallmark mark ‘916’ on 22 carat jewelery and ‘750’ on 18 carat jewelery and the 6 digit alphanumeric HUID code. Secondly, do not forget to negotiate with the jeweler on the making charge, because the making charge can range from 8 percent to 25 percent in different showrooms. Finally, make sure to get a confirmed GST bill of purchase, so that when you sell or exchange the gold in future, you get the full price and your hard-earned money remains safe.