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.
Mad Over Donuts steps into the holiday season with “Frosted With Cheer”, a Christmas collection built around… Read More
Discover Mumbai’s best festive menus of 2025 as CinCin, Le Café and Amaru unveil winter… Read More
Explore 9 beautifully decorated restaurants and hotels in Mumbai for Christmas 2025, offering festive brunches,… Read More
Delhi recorded more than 2 lakh acute respiratory illness cases between 2022–2024, government data shows.… Read More
EPFO launches Employee Enrolment Scheme 2025 to extend EPF benefits to unregistered workers. Learn how… Read More
The New Rent Rules 2025 bring digital registration, capped security deposits, structured rent hikes, and… Read More