Gold Rate Today, Nov 16: Prices in Bangalore & Chennai Stable on Nov 16: Still Rs.31,800/100g Cheaper

Gold prices in Bangalore & Chennai on November 16 are showing no significant movement after two major dramatic drops in the last two days. Currently, 24K, 22K, and 18K gold prices remain flat, while silver rates have also shown no major changes. This is a good time for buyer to make their purchase as the gold prices are trading below the record levels.

Gold prices weakened in the international market amid rising U.S. Treasury yields and hawkish remarks from Federal Reserve officials. The reopening of the U.S. government also triggered a broad market sell-off, pulling gold back from its three-week high.

Gold Price In Bangalore Today

Today the 22 carat gold price in Bengaluru is at Rs. 1,14,650 per 10 grams while the 24 carat gold is priced at Rs. 1,25,080 with no major movement in prices. 18 carat gold rates today is currently mirroring yesterday's last week's rates at Rs. 93,810.

For 100 grams of 24 carat yellow metal is currently at Rs. 12,50,800 and for 22 carat price is currently at Rs. 11,46,500.

Gold Price In Chennai Today

On 16 November, 10 grams of 22 carat gold rate in Chennai stood at Rs. 1,15,500 while the 24 carat gold held stable at Rs. 1,26,000. Likewise, the 18 carat gold rate Chennai maintained stability at Rs. 96,400.

Silver Prices In Bangalore On Nov 16

Bangalore silver prices remained unchanged compared to yesterday. Currently, the price of 1 kilogram of silver stands at Rs. 1,69,000. while 100 grams of silver is priced at Rs. 16,900.

Silver Prices In Chennai On Nov 16

1 kilogram of silver in Chennai observed no movement and currently stands at Rs. 1,75,000.Similarly, the price for 100 grams of silver cost Rs. 17,500. White metal prices have slipped sharply for the past two days by Rs. 8000 per kg.

Gold And Silver Future Price On MCX

By the end of trading on Friday on the Multi Commodity Exchange (MCX), the gold futures for December 5th, 2025, ended lower by 2.64%, at Rs. 1,23,400 per 10 grams. On the contrary, silver futures for the December 5th, 2025, expiry extended a huge decline from the past two sessions and settled 4.27% lower at Rs. 1,55,530.

Spot Gold And Silver Rates On December 16

"Spot Gold prices ended the day on the negative note losing 0 .56 % and closed below $4200 level, while Silver prices decline more than 1 . 7 % Yesterday." as per ICICI Commody report.

"Spot Gold is likely to correct further towards $4120 level amid rise in US treasury yields. Further, investors bet on rate cut in December meeting took a dive after hawkish comments from Fed officials. Boston Fed President Susan Collins, Cleveland Fed President Beth Hammack, and St. Louis Fed President Alberto Musalem all said they favored keeping interest rates steady. As per CME FedWatch tool traders are now pricing a 50.7% chance of a rate cut in December, down from about 62.9% a day ago. Meanwhile, sharp fall in the prices may be cushioned on strong central bank demand for gold and as the concern over Fed independence resurfaced." the report further aded.

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