Gold slips through Thursday, 24-carat ends at Rs 1,37,692 per 10 grams

Gold prices fell through the day on Thursday, November 12, according to data from the India Bullion and Jewellers Association (IBJA). In the morning, 24-carat gold was at Rs 1,40,603 per 10 grams. It dropped to Rs 1,38,294 in the afternoon and eased further to Rs 1,37,692 per 10 grams in the evening.

Other carats followed the same pattern. 22-carat gold was at Rs 1,40,040 in the morning, Rs 1,37,740 in the afternoon and Rs 1,37,141 per 10 grams in the evening. The 20-carat price was Rs 1,28,792 in the morning, Rs 1,26,677 in the afternoon and Rs 1,26,126 in the evening. 18-carat gold fell from Rs 1,05,452 in the morning to Rs 1,03,721 in the afternoon and Rs 1,03,269 per 10 grams in the evening. 14-carat gold was at Rs 82,253 in the morning, Rs 80,902 in the afternoon and Rs 80,550 per 10 grams in the evening.

According to IBJA, the evening rate was the same in Mumbai, Thane, Ratnagiri, Pune, Nagpur, Kolhapur, Chhatrapati Sambhajinagar, Jalgaon, Sangli and Baramati, at Rs 1,37,692 per 10 grams.

Silver followed the same trend. On Thursday morning it was priced at Rs 1,85,900 per kg. Its earlier rate was reported at Rs 1,82,868 per kg, a rise of Rs 3,032. In the afternoon silver fell to Rs 1,81,999 per kg and slipped further to Rs 1,81,040 per kg in the evening.

The gold and silver markets have seen sharp swings this year. Prices of both precious metals have come down from their peaks over the past few months. Silver stood at Rs 2.30 lakh on December 31, 2025, and climbed to an all-time high of Rs 3.86 lakh on January 29. It is now about Rs 2 lakh cheaper than that peak.

Gold's path has been similar. It was at Rs 1.33 lakh on December 31, 2025, and rose to a high of Rs 1.76 lakh on January 29. Prices then fell, and gold is now about Rs 35,000 cheaper. Experts say movements in global markets and shifts in demand and supply are behind the continuing swings in prices.