Gold prices in India slipped on the Multi Commodity Exchange (MCX) on Wednesday, November 5, tracking global trends as the US dollar strengthened. The yellow metal witnessed mild pressure despite remaining near record levels seen earlier this year.
At 9:38 am on Wednesday, November 5, MCX Gold December futures fell 0.43% to ₹1,20,886 per 10 grams, while MCX Silver December contracts declined 0.41% to ₹1,47,154 per kilogram.
According to the latest data from the Indian Bullion Association (IBA), 24-carat gold prices stood at ₹1,21,120 per 10 grams at 9:56 am, while 22-carat gold was priced at ₹1,11,027 per 10 grams. Silver (999 Fine) was trading at ₹1,47,430 per kilogram.
Gold Prices Over the Years
Gold has been a consistently strong performer over the past two decades, rising nearly 1,200% — from ₹7,638 per 10 grams in 2005 to over ₹1,25,000 in 2025 (as of September). The precious metal has delivered positive annual returns in 16 of the last 20 years, and in 2025 alone, it has gained around 56% year-to-date (YTD), securing its place among the year’s top-performing asset classes.
Today’s Gold Rates Across Major Indian Cities (November 5)
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) |
|---|---|---|
| Mumbai | 1,20,940 | 1,10,862 |
| Pune | 1,21,010 | 1,10,926 |
| Delhi | 1,20,810 | 1,10,743 |
| Kolkata | 1,20,860 | 1,10,788 |
| Ahmedabad | 1,21,130 | 1,11,036 |
| Bengaluru | 1,21,070 | 1,10,981 |
| Hyderabad | 1,21,030 | 1,10,944 |
| Chennai | 1,21,190 | 1,11,091 |
City-Wise Gold and Silver Rates — November 5
Mumbai
- 24K Gold: ₹1,20,940/10 gm
- 22K Gold: ₹1,10,862/10 gm
- MCX Gold: ₹1,20,770/10 gm
- Silver Bullion: ₹1,47,230/kg
- MCX Silver 999: ₹1,47,025/kg
Pune
- 24K Gold: ₹1,21,010/10 gm
- 22K Gold: ₹1,10,926/10 gm
- MCX Gold: ₹1,20,770/10 gm
- Silver Bullion: ₹1,47,350/kg
- MCX Silver: ₹1,47,025/kg
Delhi
- 24K Gold: ₹1,20,810/10 gm
- 22K Gold: ₹1,10,743/10 gm
- MCX Gold: ₹1,20,770/10 gm
- Silver Bullion: ₹1,47,040/kg
- MCX Silver 999: ₹1,47,025/kg
Kolkata
- 24K Gold: ₹1,20,860/10 gm
- 22K Gold: ₹1,10,788/10 gm
- MCX Gold: ₹1,20,770/10 gm
- Silver Bullion: ₹1,47,100/kg
- MCX Silver 999: ₹1,47,025/kg
Ahmedabad
- 24K Gold: ₹1,21,130/10 gm
- 22K Gold: ₹1,11,036/10 gm
- MCX Gold: ₹1,20,770/10 gm
- Silver Bullion: ₹1,47,440/kg
- MCX Silver 999: ₹1,47,025/kg
Bengaluru
- 24K Gold: ₹1,21,070/10 gm
- 22K Gold: ₹1,10,981/10 gm
- MCX Gold: ₹1,20,770/10 gm
- Silver Bullion: ₹1,47,360/kg
- MCX Silver 999: ₹1,47,025/kg
Hyderabad
- 24K Gold: ₹1,21,030/10 gm
- 22K Gold: ₹1,10,944/10 gm
- MCX Gold: ₹1,20,770/10 gm
- Silver Bullion: ₹1,47,240/kg
- MCX Silver 999: ₹1,47,025/kg
Chennai
- 24K Gold: ₹1,21,190/10 gm
- 22K Gold: ₹1,11,091/10 gm
- MCX Gold: ₹1,20,770/10 gm
- Silver Bullion: ₹1,47,440/kg
- MCX Silver 999: ₹1,47,025/kg
Despite the slight decline on November 5, gold continues to hold firm as a preferred hedge against inflation and currency volatility, with investors closely tracking cues from global monetary policy and US economic data.