Heavy Gold Price Fall Across Bangalore, Chennai & Hyderabad Today; 24K/100g Down Rs. 16,900 in 48 Hours

Gold prices today in South Indian cities such as Bengaluru, Chennai, and Hyderabad have seen a slight dip, but the overall trend for gold in 2025 remains bullish. The precious metal has already surged more than 40% this year, due to consistent demand despite occasional intraday declines.

Gold Rate in Chennai Today

On November 5th the 24-carat gold rate in Chennai declined by Rs. 760 per 10 grams to cost Rs. 1,21,970 per 10 grams. While the 22 carat gold prices in Chennai today fell by Rs. 700 and are currently retailing at Rs. 1,18,800 per 10 grams. Similarly, the 18-carat gold rate today also declined by Rs 650 per 10 grams to cost Rs 93,250.

Gold rate in Bangalore today

The 22-carat gold rate in Bangalore fell by Rs. 980 per 10 grams, bringing the price down to Rs. 1,21,480 per 10 grams. Meanwhile, the 24-carat gold price in Bangalore dropped by Rs. 900 now retailing at Rs. 1,11,350 per 10 grams. The 18-carat gold also saw a decline of Rs. 730 per 10 grams, currently priced at Rs. 91,110.

Gold rate in Hyderabad today

On November 5th, gold prices in Hyderabad also declined across all purity levels. The 24-carat gold rate in Hyderabad dropped by Rs. 980 per 10 grams, now priced at Rs. 1,21,480 per 10 grams. Meanwhile, the 22 carat gold price in Hyderabad today fell by Rs. 900, bringing the rate down to Rs. 1,11,350 per 10 grams. Even the 18-carat gold rate in Hyderabad saw a dip of Rs. 730, currently retailing at Rs. 91,110 per 10 grams.

Gold Target Price Ahead

"Gold prices are expected to correct. Traders can sell at Rs. 121200 with a stop loss of Rs. 121700 for the target at Rs. 120500- Rs. 119500." as per the Nirmal Bang Securities report.

"Spot gold is likely to remain volatile and move lower towards $3950 as long as it trades under $4060Spot Gold is expected to trade lower amid strong dollar. Furthermore, a recent move from China to abolish tax incentives on gold sales could bring further correction in prices. The new rule applies whether the gold is sold directly or processed into other forms, covering investment products like high-purity bars and coins as well as jewellery and industrial materials. " as per the commodity report by ICICI Direct.

MCX Gold and Silver Futures Update

Trading on the MCX closed today so on the previous day gold futures slated to mature on December 5 ended at Rs.1,19,749 after declining 0.04%. Similarly, silver futures, which are set to expire on December 5th rose by 0.04% to settle at Rs 1,45,540.

Silver Prices in Chennai Today

Silver Prices in Bangalore Today

Silver Prices in Hyderabad Today

Spot Gold Prices + Spot Silver Price Today

As per the latest Reuters commodity report, "Spot gold was down 1.5% to $3,940.75 as of 2:15 p.m. EST (1915 GMT). U.S. gold futures for December delivery eased 1.3% to settle at $3,960.50. Spot silver was down 1.5% at $47.32 per ounce."

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