By Vikrant Singh Shekhawat
Updated on: 20-Nov-2025 07:56 AM IST
On November 20, the Indian markets witnessed a significant increase in the prices of both gold and silver. This surge can be attributed to a blend of domestic and global factors that consistently influence the precious metals market. For investors and consumers alike, this marked a notable day as prices climbed to new highs across various cities.
Gold Prices Witness Sharp Rise
On this day, gold prices experienced a distinct upward trajectory. In the national capital, Delhi, the price of 24-carat gold soared to ₹125,020 per 10 grams, reflecting robust market demand and prevailing global trends. This increase was not limited to Delhi; other major cities across the country also reported a rise in gold prices, indicating a widespread market phenomenon.
Delhi’s Latest Gold Rates
In Delhi, the 24-carat gold was recorded at ₹125,020 per 10 grams, while the 22-carat gold was priced at ₹114,610 per 10 grams. Cities such as Jaipur, Lucknow, and Chandigarh mirrored these rates, showcasing a consistent price hike across these regions.
24-Carat Gold Prices in Major Cities
Several prominent Indian cities maintained high prices for 24-carat gold. In Mumbai, Chennai, Kolkata, Hyderabad, Pune, and Bengaluru, the price stood at ₹124,870 per 10 grams. Meanwhile, Ahmedabad and Bhopal saw this variant priced at ₹124,920 per 10 grams. This data indicates a nationwide increase in the value and demand for 24-carat gold, with only minor variations across different urban centers.
The prices of 22-carat gold also experienced a parallel increase. In Mumbai, Chennai, Kolkata, Hyderabad, Pune, and Bengaluru, 22-carat gold was recorded at ₹114,460 per 10 grams, while in Ahmedabad and Bhopal, the price was ₹114,510 per 10 grams. These figures highlight that the cost of 22-carat gold, commonly used in jewelry, has also risen across the country, making purchases more expensive for consumers.
Global Gold Market Performance
On the global front, the spot price of gold remained strong. On November 20, the global spot gold price was recorded at $4,114.01 per ounce. This international strength directly influences gold prices in the Indian market. Factors such as global demand and supply, geopolitical developments, and the status of the US dollar determine international gold prices, which ultimately impact domestic rates.
Silver Prices Also Witness an Uptick
Mirroring gold’s performance, silver prices also saw an increase on November 20. In the domestic market, silver reached ₹168,100 per kilogram. This surge reflects the growing popularity of silver among investors and its industrial demand. Silver is often considered an alternative to gold, and its prices tend to move in tandem with the yellow metal.
Global Silver Market Overview
In international markets, the spot price of silver rose to $52.26 per ounce. This global strength in silver plays a crucial role in pushing up domestic prices. The demand for silver in industrial applications, investment, and jewelry manufacturing influences its prices globally. Any fluctuations in the international market are quickly reflected in the Indian silver market.
Factors Influencing Precious Metal Prices
The prices of gold and silver within the country are influenced by both domestic and global factors. Domestic factors include local demand, festive seasons, import duties, and government policies. Conversely, global factors primarily encompass international gold and silver prices, the strength or weakness of the US dollar, the global economic situation, geopolitical tensions, and the monetary policies of central banks.
The complex interplay of all these factors leads to the daily fluctuations observed in precious metal prices. The surge witnessed on November 20 is a result of a favorable combination of these elements, propelling both gold and silver to higher levels.
In conclusion, the significant rise in gold and silver prices on November 20 reflects a broader trend influenced by various market dynamics. As investors and consumers navigate these changes, staying informed about market conditions will be crucial for making informed decisions.
English 