Now Reading: Gold prices fall across Indian cities on 14 November
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Gold prices fall across Indian cities on 14 November
The Story in Brief
Gold prices fell across major Indian cities on Saturday, 14 November, with the national rate for 1 gram of 22-carat gold at Rs 12,695, down by Rs 43 from the previous session. Eight grams of 22-carat gold was priced at Rs 1,01,560, a drop of Rs 344.
The sharpest declines were seen in cities including Coimbatore, Visakhapatnam, Madurai and Thrissur, where 1 gram of 22-carat gold was Rs 12,615, down by Rs 80. Bhubaneswar and Patna recorded the highest 22-carat rate at Rs 12,765 per gram. For 24-carat gold, the national rate for 1 gram was not quoted, but city-level prices showed a uniform drop of Rs 84 per gram across all centres.
Indian Opinion Analysis
The uniform Rs 80 drop in 22-carat and Rs 84 drop in 24-carat prices across most cities suggests a broad-based correction rather than a localised dip. Bhubaneswar and Patna retained the highest rates among the cities listed, while southern centres such as Coimbatore and Madurai recorded the lowest. The absence of a quoted national rate for 24-carat leaves buyers without a single benchmark for the purest gold. The next daily update will show whether this decline extends or reverses.
Source: thehindubusinessline.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
