Rs 61,100 Crash In Gold Rate: India vs UAE, Saudi Arabia, USA & China; Cheapest Gold Below Rs 12,000

Gold rates in India have crashed for the fourth consecutive day, with the 24-carat gold price declining by Rs 61,100 in 100 grams and Rs 6,110 in 10 grams, respectively. Gold prices came under pressure due to hotter-than-expected CPI inflation data in US and India.

At home, the inflation rate has surpassed the 6% upper target of RBI to 6.09%, which signals a rate hike scenario ahead. Physical gold rates also tracked MCX gold and spot gold performance, which stood around Rs 1.37 lakh and $3,900. Despite correcting significantly, gold sold in India is still more expensive than in other countries like UAE, Saudi Arabi, China, and the USA, among others.

The cheapest gold is of 1 gram and it is below Rs 12,000 in 24-carat. But the 999 purity continues to be most expensive in India.

Gold Rates In India In 4-Days Crash:

On November 13, the 24-carat gold price slipped by Rs 13,100 in 100 grams to Rs 13,84,900 and was down by Rs 1,310 to Rs 1,38,490 per 10 grams. Meanwhile, 22-carat gold price plunged by Rs 12,000 to Rs 12,69,500 per 100 grams and dropped Rs 1,200 to Rs 1,26,950 per 10 grams. Additionally, 18-carat gold prices tumbled by Rs 9,800 to Rs 10,38,700 per 100 grams and slipped Rs 980 to Rs 1,03,870 per 10 grams.

The 1 gram gold price stood at Rs 13,849 in 24-carat, at Rs 12,695 in 22-carat and at Rs 10,387 in 18-carat in India.

Gram	24K Gold	22K Gold	18K Gold
1g	₹13,849 (-131)	₹12,695 (-120)	₹10,387 (-98)
8g	₹1,10,792 (-1,048)	₹1,01,560 (-960)	₹83,096 (-784)
10g	₹1,38,490 (-1,310)	₹1,26,950 (-1,200)	₹1,03,870 (-980)
100g	₹13,84,900 (-13,100)	₹12,69,500 (-12,000)	₹10,38,700 (-9,800)

"Gold and silver are facing a sharp correction, with rising US Treasury yields and a stronger dollar weighing on precious metals. On the MCX, December gold was quoted at Rs 1,36,279 per 10 grams in early trade indications, down Rs 3,437 or 2.46% from the previous close. December silver fell to Rs 1,78,848 per kg, declining Rs 5,677 or 3.08%," said Vikram Subburaj, CEO, Giottus.com.

Internationally, December COMEX gold settled at $3,878.40 an ounce on November 12, down 2.85%. COMEX silver dropped 3.68% to $49.972 an ounce.

As per Subburaj, the decline reflects a shift in market expectations following stronger US inflation data. Investors are increasingly anticipating another Federal Reserve rate increase in December.

Also, Indian gold and silver prices are also impacted after the country's CPI inflation tops 6.09% in September, which is above RBI's upper target of 6% and highest level in 2-years. This indicates a further tightening of monetary policy and more rate hikes from RBI ahead, which makes gold less attractive, as it is a non-yielding asset.

Prior to the latest decline, 24-carat gold price plunged by Rs 21,800 in 100 grams on November 12th following a sharp decline of Rs 7,100 on November 11th and Rs 19,100 on November 10th. In these four days, gold has crashed by Rs 61,100 in 100 grams. During the start of the current week, gold had gained by Rs 10,300 due to Diwali festival. Gold is now marginally down, erasing its over 3% gains last week.

Date	24K (10g)	22K (10g)	24K (100g)	22K (100g)
Nov 13, 2026	₹1,38,490 (-1,310)	₹1,26,950 (-1,200)	₹13,84,900 (-13,100)	₹12,69,500 (-12,000)
Nov 12, 2026	₹1,39,800 (-2,180)	₹1,28,150 (-2,000)	₹13,98,000 (-21,800)	₹12,81,500 (-20,000)
Nov 11, 2026	₹1,41,980 (-710)	₹1,30,150 (-650)	₹14,19,800 (-7,100)	₹13,01,500 (-6,500)
Nov 10, 2026	₹1,42,690 (-1,910)	₹1,30,800 (-1,750)	₹14,26,900 (-19,100)	₹13,08,000 (-17,500)
Nov 09, 2026	₹1,44,600 (+1,030)	₹1,32,550 (+950)	₹14,46,000 (+10,300)	₹13,25,500 (+9,500)
Nov 08, 2026	₹1,43,570 (0)	₹1,31,600 (0)	₹14,35,700 (0)	₹13,16,000 (0)
Nov 07, 2026	₹1,43,570 (+110)	₹1,31,600 (+100)	₹14,35,700 (+1,100)	₹13,16,000 (+1,000)
Nov 06, 2026	₹1,43,460 (-2,560)	₹1,31,500 (-2,350)	₹14,34,600 (-25,600)	₹13,15,000 (-23,500)
Nov 05, 2026	₹1,46,020 (+3,220)	₹1,33,850 (+2,950)	₹14,60,200 (+32,200)	₹13,38,500 (+29,500)
Nov 04, 2026	₹1,42,800 (+3,160)	₹1,30,900 (+2,900)	₹14,28,000 (+31,600)	₹13,09,000 (+29,000)

Gold Rates In Bahrain vs Gold Rates In Kuwait Vs Gold Rates In Saudi Arabia vs Gold Rates In Oman vs Gold Rates In Qatar vs Gold Rates In UAE:

The 999 purity or 24-carat gold price stood at Rs 11,929 per 1 gram in Bahrain, at Rs 11,960 in Kuwait, at Rs 12,124 in Oman, at Rs 12,172 in Qatar, at Rs 12,049 in Saudi Arabia and at Rs 11,931 in UAE's souk market like Dubai and Abu Dhabi. The cheapest gold as of now is in Bahrain among the Middle Eastern countries.

Gold Rates In Malaysia vs Gold Rates In Singapore:

After India, the 999 purity gold is most expensive in Singapore at Rs 12,581 while in Malaysia, the price is at Rs 12,148.

Gold Rates In USA vs Gold Rates In China:

In Indian rupee, gold price in China is at Rs 11,764 per 1 gram in 24-carat. While in the USA, the rate stood at Rs 12,058.

China has continued to increase its gold reserves significantly even when countries are reducing their gold reserves amidst price crashes. As per World Gold Council report, as of September 2026, two central banks have now bought more than 100 tonnes of gold in 2026. Poland leads with 123 tonnes through September, and China has just crossed into triple digits at 103 tonnes.

For October purchases, Krishan Gopaul, Senior Analyst, EMEA, at the World Gold Council, said that China bought 26 tonnes of gold, putting the nation's official reserves on nearly equal footing with those of other developed nations.

Gold Rates Outlook Ahead:

Gold is expected to face pressure from rising US dollar and a rate hike in December could be nail in the coffin. As per Subburaj, a stronger dollar makes bullion more expensive for overseas buyers. Rising Treasury yields also reduce the appeal of gold and silver, as both metals do not generate interest income. Higher oil prices amid renewed US-Iran tensions have added to inflation concerns, reinforcing expectations that monetary policy may remain restrictive.

He added, the near-term outlook remains cautious. Gold's ability to hold around the $3,900 international level and silver's performance near $50 will be important indicators. Investors should avoid panic selling or chasing volatile moves. Staggered buying and disciplined position sizing are more appropriate while global rate expectations remain unsettled.

Gold Rates City-Wise In India:

24-carat and 22-carat gold prices are the same in cities like Chennai, Hyderabad, Mumbai and Bangalore, while 18-carat is expensive in Chennai than others. In Delhi, gold is most expensive.

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