Gold Rates Today Skyrocket Again, Nov 10: 24K Gold Rises By Rs. 1,2000/100g in Chennai, Bengaluru & Hyderabad

Last week was quite volatile for the yellow metal, as gold rates kept moving up and down across major cities in India, including Chennai, Bengaluru, Hyderabad, Delhi, and Mumbai. After touching record highs in October, gold prices underwent a few sharp corrections but have now regained strength. So far, gold prices in India are up nearly 24% since May 2025.

One of the main factors behind the rise in gold rates today is due to growing concerns over the US economy and rising expectations of another US Federal Reserve rate cut in December, which usually supports gold prices globally. Spot gold is currently well above $4000 per ounce.

On the domestic side the next major boost to gold prices in India will likely come in the upcoming wedding season, a time when gold jewellery purchases surge across cities like Hyderabad, Chennai, and Bengaluru. After the festive season, the wedding demand picks up, gold rates are expected to stay firm or even rise further in the coming weeks.

Gold Rate in Chennai Today

As of Monday, November 10, the 24-carat gold rate in Chennai rallied by Rs. 1200 per 10 grams to cost Rs. 1,24,480 per 10 grams. While the 22-carat gold prices in Chennai today spiked by Rs. 1100 and currently cost Rs. 1,14,100 per 10 grams. Even the 18-carat gold rate today jumped by Rs. 900 per 10 grams to cost Rs. 95,150.

Gold rate in Bangalore today

In a similar manner, the 24-carat gold prices in Bangalore jumped by Rs. 1200 to retail at Rs. 1,23,220 per 10 grams. The 22-carat gold rate in Bangalore now stands at Rs. 1,12,950 per 10 grams after rising by Rs. 1100. Likewise, the 18-carat gold rate surged by Rs. 900, and the current rate is at Rs. 92,420 per 10 grams.

Gold Rate in Hyderabad Today

Hyderabad gold prices today also moved upward. The 24-carat gold rate rose by Rs. 1,200, bringing the current price to Rs. 1,23,220 per 10 grams. Meanwhile, the 22-carat gold rate in Hyderabad climbed by Rs. 1,100, now trading at Rs. 1,12,950 per 10 grams. The 18-carat gold price also witnessed a sharp increase of Rs. 900, with the latest rate recorded at Rs. 92,420 per 10 grams.

Gold Price Outlook Ahead

"Gold prices are expected to rise. Traders can buy at Rs. 122000 with a stop loss of Rs. 121500 for the target at Rs. 122800- Rs. 123500." as per Nirmal Bang Securities Commodity Report.

"Gold and silver prices are trading higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day, as gold prices rose for a second day as a weakening US economy outweighed progress on ending the government shutdown in Washington" The report further stated.

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures which are due mature on December 5th are trading at Rs. 1,22,465 rising by 1.15%. Similarly, silver futures, which are set to expire on December 5th, 2025, jumped sharply by 2% and are trading at Rs. 1,50,680 at the time of writing on November 10.

Spot Gold Prices + Spot Silver Price Today

As per the data from spotgold.org, Spot gold surged today, reaching $4,054.17 per ounce, up $51.08 or 1.28%, while spot silver also climbed to $49.23 per ounce, advancing $0.91 or 1.88%.

"Spot gold jumped above $4050/oz, buoyed by U.S. economic slowdown signalled by several private job market reports and consumer sentiment, limiting the impact from reports suggesting that the U.S. government shutdown." According to the Kotak Securities Commodity Report

Silver Rate in Chennai Today

Silver prices in Chennai today surged sharply after three consecutive days of steadiness. On November 11th, 1 kg of silver in Chennai cost Rs 1,67,000 after jumping by Rs 2000. While 100 g of silver rates in Chennai is currently at Rs16,700, which rose by Rs. 200.

Silver Rate in Bangalore Today

The silver rate in Bangalore today also jumped similarly to Chennai. At present, 1 kg of silver in Bangalore costs Rs. 1,55,000, which surged by Rs. 2500. While 100 g of silver rates in Bangalore cost Rs 15,500 after rising Rs 250.

Silver Rate in Hyderabad Today

The silver rate in Hyderabad today moved upward matching the trend seen in Bengaluru and Chennai. Currently, the price of 1 kg silver in Hyderabad stands at Rs. 1,67,000, with an increase of Rs. 2,000 from the previous rate. Similarly, the price of 100 grams of silver has risen by Rs. 200, now costing Rs. 16,700 in the local bullion market.

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