According to the headline from Express Web Desk, as of Wednesday, November 19 2025, the approximate gold rates in India are:
24 carat gold: ~ ₹ 12,486 per gram
22 carat gold: ~ ₹ 11,445 per gram
18 carat gold: ~ ₹ 9,364 per gram
These are approximate national average rates; actual city-wise rates (for Chennai, Mumbai, Delhi, Kolkata, etc) may vary due to local taxes, making charges and stock.
What Other Sources Say
Recent credible data shows gold prices changing day-to-day:
According to one source, on Nov 18 (the previous day) gold prices in India were reported to be on a downward trend, reflecting weaker hopes of a U.S. Federal Reserve rate cut.
International spot gold also moved modestly as investors awaited U.S. jobs data and Fed minutes.
Historical data for India shows that around Nov 12, 2025 the price of 24 carat was around ₹12,551/gram, 22 carat around ₹11,505/gram and 18 carat around ₹9,413/gram.
Hence, the headline’s quoted rates are close to the trends and reasonably aligned.
Factors Influencing Today’s Gold Rate
1. Global interest-rate expectations
When central banks (especially the U.S. Fed) signal they might cut rates, gold (a non‐yielding asset) becomes more attractive. When cuts are unlikely, gold may come under pressure.
2. Dollar strength and currency effect
Gold priced in U.S. dollars becomes more expensive for Indian buyers when the dollar strengthens, often pushing Indian rupee gold rates higher.
3. Import cost & local tax/making charges
In India, gold import duties, local state taxes and jewellers’ making charges add to the base rate. City-to-city variation happens because of differences in VAT/GST and logistics.
4. Demand from festivals & weddings
This time of year typically sees increased demand for gold jewellery due to weddings and festivals, which can support higher local rates. One report noted a slight drop in rates despite rising wedding buying due to global factors.
5. Supply and global physical flows
Global central‐bank purchases, mining supply, and investor demand via ETFs all feed into the physical gold market. For example, large central‐bank buying in recent months has been noted.
Should You Buy Gold Today?
✔ Reasons to buy
If you believe gold will act as a hedge (inflation, geopolitical risk)
If you’re buying jewellery for long‐term holdings (wedding/heritage)
If today’s rate is acceptable for your budget and you expect further rise
✖ Why you might wait
If you expect rates to drop further (some indicators of correction exist)
Jewellery making charges and local taxes might make today’s effective cost higher
If you’re buying purely for short-term speculative gain, the risk is larger
Tip: Compare local city rates, check the purity and making charges, and if investing for the long term, consider gold ETFs or sovereign gold bonds as alternatives.
FAQs
1. Are the quoted rates exactly the same in every city?
No — rates for 24 K, 22 K and 18 K will vary across Chennai, Mumbai, Delhi, Kolkata, etc due to local taxes, making charges and jeweller margins.
2. Why is 22 carat gold cheaper than 24 carat?
Because 24 carat is pure gold (99.9%) whereas 22 carat has alloying metals and hence slightly lower purity and price.
3. What is 18 carat gold?
18 carat means the alloy is 75% gold and 25% other metals; hence lower price per gram.
4. Is gold rate per gram or per 10 grams?
Retail jewellery rates are usually quoted per gram in India (though some older quotes use per 10 grams). Always check the unit.
5. What should I check before buying?
Check: purity certificate/hallmark, making charges, local taxes, current base rate (gram price), and compare across stores.
Published on : 19th November
Published by : SMITA
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Source Credit: Content based on report from Express Web Desk.