World · India Bureau
Gold prices firm in India; 24K trades above Rs 1.41 lakh per 10 grams
Gold prices in major Indian cities remained elevated on November 11, with 24-karat gold trading at Rs 1,41,190 per 10 grams. The precious metal's 22-karat variant was quoted at Rs 1,29,424 per 10 grams across domestic markets.
LSN India ·
Gold continued to command premium valuations across India's key trading hubs on November 11, reflecting persistent demand for the precious metal amid broader market conditions. Twenty-four karat gold, the purest form traded in Indian markets, was priced at Rs 1,41,190 per 10 grams, while 22-karat gold—the standard for jewellery manufacturing and retail sales—stood at Rs 1,29,424 per 10 grams.
The pricing structure reflected the differential purity levels between the two grades, with the spread representing the cost implications of refining lower-karat ornamental gold. Quotations were consistent across major metropolitan centres including Mumbai, Delhi, and Bengaluru, indicating uniform market conditions nationwide.
Domestic gold prices remained subject to multiple factors, including international spot prices denominated in US dollars, rupee exchange rate movements, and local supply-demand dynamics. Market participants continued to monitor global economic developments and central bank policy shifts that typically influence precious metal valuations.
Retailers and investors tracking gold as a store of value or portfolio hedge noted the sustained elevation in prices, which reflected the metal's enduring appeal during periods of economic uncertainty.