Gold prices declined in India on Tuesday, November 4, 2025, tracking weakness in the global market. A steady US dollar and easing trade tensions between the United States and China reduced the safe-haven appeal of gold, leading to lower domestic futures prices.
On the Multi Commodity Exchange (MCX), gold futures for December delivery dropped by Rs 836 or 0.69 percent to Rs 1,20,573 per 10 grams. The dip came amid an increase in the US dollar index to 99.95.
Globally, Comex gold futures for December also traded lower, slipping by USD 19.19 or 0.48 percent to USD 3,994.81 per ounce. Market sentiment reflects lower expectations of a rate cut by the US Federal Reserve next month.
| City | 22K Gold Price | 24K Gold Price |
|---|---|---|
| Delhi | Rs 11,240 | Rs 12,251 |
| Mumbai | Rs 11,225 | Rs 12,246 |
| Bengaluru | Rs 11,225 | Rs 12,246 |
| Chennai | Rs 11,250 | Rs 12,273 |
| Kolkata | Rs 11,225 | Rs 12,246 |
| Hyderabad | Rs 11,225 | Rs 12,246 |
| Ahmedabad | Rs 11,230 | Rs 12,251 |
| Jaipur | Rs 11,240 | Rs 12,251 |
| Bhubaneswar | Rs 11,225 | Rs 12,246 |
| Kanpur | Rs 11,240 | Rs 12,251 |
Key factors influencing today’s decline include:
Strengthening US dollar
Reduced global risk sentiment
Mild optimism in US-China trade relations
Lower expectations of Fed rate cuts
Analysts suggest continued volatility in gold prices depending on:
Global inflation trends
US monetary policy updates
Geopolitical shifts affecting safe-haven demand
Investors are advised to monitor the international market and currency movements before making large purchases.
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