Gold Rates Drops In India After 2 Days of Continuous Rise: 24K & 22K/100 Gm Falls Over Rs 3,000; Here's Why

After rising for the previous two days, gold prices in India fell on Wednesday, November 12. Today, the price of gold in India fell to Rs 9,413 per gram for 18 carat gold, Rs 11,505 per gram for 22 carat gold, and Rs 12,551 per gram for 24 carat gold. This followed India's gold prices continuing to rise for the second straight session on November 11, 2025. Ten grams of 24-carat gold cost Rs 12,584, up Rs 202 from Rs 12,382 the day before. In a similar vein, the price of 22-carat gold increased by Rs 185 from Rs 11,350 on November 10 to Rs 11,535 per 10 gms.

Gold Price In India Today

Gold rates in India today reached Rs 1,25,510 for 24k of 10 grams compared to Rs 1,25,840 yesterday representing a price drop of Rs 330 hence 24k of 100 grams of gold has become cheaper by Rs 3,300 in India today, priced at Rs 12,55,100.

Gold prices in India today were Rs 1,15,050 for 22k of 10 grams, down Rs 300 overnight from Rs 1,15,350 on Tuesday. As a result, on Wednesday, the price of 22k of 100 grams of gold in India dropped by Rs 3,000 to Rs 11,50,500.

Gold prices in India were Rs 94,130 for 18k of 10 grams today, down Rs 250 from Rs 94,380 yesterday. As a result, the price of 18k of 100 gms of gold dropped by Rs 2,500 overnight, reaching Rs 9,41,300 on Wednesday.

MCX Gold Outlook Today

"On the technical front, MCX gold witnessed some profit booking in yesterday's session; however, it remains well above the consolidation zone breakout levels. The yellow metal appears to have regained its positive momentum, and a sustained move could take it towards recent highs. Immediate support is placed at ₹122,500, while resistance is seen at ₹125,839- ₹126,900. Since the current momentum is positive, traders may consider buying around ₹123,913 for a target of ₹125,839-₹126,900, with a stop-loss at ₹122,500 on a sustained breakdown below that level," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

"MCX Gold Dec is expected to rise back towards ₹126,000 level as long as it stays above ₹123,000 level," said the technical research analysts of ICICI Direct.

Spot Gold Prediction Today

"Spot Gold is likely to rise towards $4170 level amid weakness in dollar and softening of US treasury yields across curve. Further, re-opening of US government will unleash a flood of economic data, which may provide much needed clarity on the state of economy. If the data continues to point slowing economy, then it would increase bet for another rate cut by US Fed in December meeting," commented the technical research analysts of ICICI Direct.

"As per CME FedWatch tool traders are now pricing a 68% chance of a rate cut in December, up from about 62% day ago. U.S Senate has approved a bill that would end the longest government shutdown in history. Now it heads to the Republican-controlled House of Representatives. Moreover, strong central bank demand for gold will be supportive for the prices," they further added.

MCX Silver Outlook Today

MCX Silver Dec is expected to rally towards ₹156,500 level as long as it stays above ₹152,000 level, says the technical research analysts of ICICI Direct.

Gold & Silver Price Fundamental Outlook Today

"Gold and silver prices are trading mix today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly lower for the day; as gold prices held steady, consolidating three days of growth, as traders weighed the imminent restart of the US government and the prospect of further interest-rate cuts in a subdued labor market," commented the research analysts of Nirmal Bang Securities.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred to as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.