Big Fall In Gold Rates In India Today: 22K & 24K/100 Gms Drops Over Rs 9,000; Why MCX Gold Losing Glitter?

Gold prices in India saw a substantial drop today on the occasion of Guru Nanak Jayanti (November 5, 2025), reflecting investors' cautious mood. In India, 24 carat gold costs Rs 12,148 per gram, 22 carat gold costs Rs 11,135 per gram, and 18 carat gold costs Rs 9,111 per gram. The drop occurs as expectations of more monetary easing are dampened by three Federal Reserve members' refusal to anticipate another interest rate cut in the next month. Meanwhile, the US dollar is still close to a multi-month high, which puts additional pressure on metal prices and restricts the potential for gold and silver prices to rise.

Gold Prices In India Today

Today 24k of 10 grams of gold will cost Rs 1,21,480, which was Rs 1,22,460 yesterday, representing a price drop of Rs 980. This means that 24k of 100 grams of gold has become cheaper by Rs 9,800 in India today, priced at Rs 12,14,800.

In India, the price of 22k of 10 grams of gold reached Rs 1,11,350 today, down Rs 900 from Rs 1,12,250 yesterday. This indicates that the cost of 22k of 100 grams of gold has dropped by Rs 9,000 to Rs 11,13,500.

The price of 18k of 10 grams of gold in India reached Rs 91,110 today, down Rs 730 from Rs 91,840 yesterday. This indicates that the price of 18k of 100 gms of gold dropped by Rs 7,300 overnight to reach Rs 9,11,100.

The price of silver in India today is Rs 150.50 per gram and Rs 1,50,500 per kilogram compared to Rs 151 and Rs 1,51,000 yesterday.

MCX Gold Outlook

"On the technical front, MCX Gold continued its subdued movement in yesterday's session without making much progress in price. It continued to face resistance near its short-term 10 & 20 DEMA lines. The daily structure remains weak, showing no meaningful signs of reversal. Immediate resistance is placed at 122,450, while support is seen at 118,700. Traders can consider selling MCX Gold near 122,450 for a target of 118,700, with any sustained strength above 122,520 to be taken as a stop-loss for the current view," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

"MCX Gold Dec is expected to slip towards ₹120,000 level as long as it stays below ₹122,500 level," said the technical research analysts of ICICI Direct.

MCX Silver Outlook

"MCX Silver Dec is expected to dip further towards ₹145,000 level as long as it stays below ₹149,800 level," commented the technical research analysts of ICICI Direct.

Spot Gold Outlook

"Spot Gold is likely to slip further towards $3940 level amid strong dollar and rise in US treasury yields across curve. Further, Beijing tweaked a long-standing tax exemption for the metal that is likely to hit retail demand. Moreover, investors will remain cautious ahead of private payroll data to assess the chance of US rate cut in December meeting. As per CME FedWatch tool traders are now pricing a 65.3% chance of a rate cut in December, down from a near certainty before Fed meeting. Additionally, US government shutdown has interrupted the flow of economic data at the time of uncertainty among policymakers, trying to assess direction of inflation and weakening labor market. Investors and policymakers will have to depend on limited non government sources for economic data," commented the technical research analysts of ICICI Direct.

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