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Gold and silver prices slipped across major Indian cities on 18 November 2025, with 24K gold averaging Rs 12,366 per gram, 22K gold around Rs 11,335 per gram, and silver hovering between Rs 162–170 per gram depending on the city. The nationwide fall reflects global market weakness, stronger US dollar cues, and investor profit-booking.
The gold prices in India were the same as the global prices due to the easing of geopolitical tensions and the expectation of slower central bank purchases. The stronger dollar in the US and the rising yields on Treasury securities in the US adversely affected the global gold market and, as a result, the price of the yellow metal in the spot market dropped.
Domestic rates, which mirror international benchmarks, have witnessed a correction between Rs 152 and Rs 174 depending on cities.
Consequently, in Hyderabad, the price of 24K gold came down to Rs 12,366 per gram, which was lower by Rs 174, while 22K gold lost ground to Rs 11,335 per gram, down by Rs 160. The 18K segment cooled to Rs 9,274 per gram, down Rs 131.
In Delhi, 24K gold was quoted at Rs 12,381 per gram, down Rs 174, while 22K gold stood at Rs 11,350 per gram, down Rs 160. 18K gold declined to Rs 9,291 per gram, down Rs 129.
Prices in Kolkata were practically identical to Hyderabad’s, with 24K ending at Rs 12,366 per gram, while 22K was at Rs 11,335 per gram, slipping Rs 174 and Rs 160 respectively. The 18K slid to Rs 9,274 a gram.
Chennai continued to remain the costliest among major metros, with 24K gold at Rs 12,437 per gram, down Rs 152. The 22K rate ended at Rs 11,400 per gram, lower by Rs 140.
Bhubaneswar, along with Hyderabad and Kolkata, had 24K gold priced at Rs 12,366 per gram and 22K gold at Rs 11,335 per gram, while 18K gold was quoted at Rs 9,274 per gram.
Silver prices also fell in all cities tracked, on the back of weak industrial demand and softness in international commodity markets.
In Hyderabad and Bhubaneswar, silver declined by Rs 3 to Rs 170 per gram while the quoted price per kg slumped to Rs 1,70,000 with a reduction of Rs 3,000.
While in Delhi and Kolkata, the price of silver was at Rs 162 per gram as both cities witnessed a fall of Rs 5. The price of one kilogram has fallen to Rs 1,62,000, which has dropped by Rs 5,000.
Market analysts attribute the slide to reduced buying from industrial units and concerns over a slower economic recovery in major manufacturing regions globally.
Also Read: Gold Price Today: Is the Rally Signaling a Fresh Wave of Global Inflation?
According to the experts, the ongoing correction is an opportunity for long-term investors. The buying of central banks, the uncertainties in geopolitics, and the need for inflation protection continue to be the factors that keep gold’s fundamentals very strong.
Silver, even though it is facing pressure shortly, is still considered a metal with long-term potential because of its growing importance in electric vehicles, solar energy, and electronics.
Despite this, the short-term investors will still be very cautious as there is a strong expectation of continued volatility, which will be driven by global economic indicators and foreign exchange market fluctuations.
