Gold prices dropped to a one-week low on Thursday, November 12, 2026, amid strong U.S. inflation data and concerns over potential interest rate hikes by the Federal Reserve. Spot gold fell 0.2% to $3,977.99 per ounce, while U.S. gold futures for December delivery declined 0.4% to $3,983.20. Analyst Ilya Spivak of Tastylive noted that the market has seen a significant pullback in recent days due to rising rate hike expectations but struggled for a follow-through.
In India, gold bullion was trading at ₹1,39,510 per 10 grams, and silver was at ₹1,83,010 per kg. Prices varied slightly across major cities. In Mumbai, 24-karat gold was priced at ₹1,39,250 per 10 grams, while 22-karat gold was ₹1,27,646 per 10 grams. Silver in Mumbai was ₹1,82,680 per kg. Similar trends were observed in Delhi, Bengaluru, Kolkata, Chennai, Hyderabad, Ahmedabad, and Coimbatore, with minor variations in rates.
For instance, in Delhi, 24-karat gold was ₹1,39,010 per 10 grams, and silver was ₹1,82,580 per kg. In Bengaluru, 24-karat gold was ₹1,39,360 per 10 grams, and silver was ₹1,83,040 per kg. The prices in other cities like Chennai, Hyderabad, Ahmedabad, and Coimbatore followed a similar pattern, reflecting the overall national and global trends.
The disclaimer emphasized that the story was for educational purposes only and advised investors to consult certified experts before making any investment decisions.