National Desk: Strength has returned to the gold market once again. Positive cues from the international market, a weaker US dollar, and the end of the US government shutdown have boosted global demand for gold. This impact is clearly visible in the domestic market as well.
Gold Prices Rise in Delhi
On 14 November, gold prices increased in the national capital, Delhi.
- 24-carat gold: ₹1,28,780 per 10 grams
- 22-carat gold: ₹1,15,190 per 10 grams
Rates in Mumbai, Chennai, and Kolkata
Gold prices in major cities remained strong:
- 22-carat gold: ₹1,17,910 per 10 grams
- 24-carat gold: ₹1,28,660 per 10 grams
Rates in Pune and Bengaluru
Prices remained firm here as well:
- 22-carat gold: ₹1,17,910 per 10 grams
- 24-carat gold: ₹1,28,630 per 10 grams
Gold Rates in Major Cities (Today)
| City | 22-Carat Gold | 24-Carat Gold |
|---|---|---|
| Delhi | ₹1,18,060 | ₹1,28,780 |
| Mumbai | ₹1,17,910 | ₹1,28,660 |
| Ahmedabad | ₹1,17,960 | ₹1,28,630 |
| Chennai | ₹1,17,910 | ₹1,28,660 |
| Kolkata | ₹1,17,910 | ₹1,28,660 |
| Lucknow | ₹1,18,060 | ₹1,28,780 |
| Chandigarh | ₹1,18,060 | ₹1,28,780 |
Could Gold Reach $5,000 in the Future?
A Bloomberg report states that J.P. Morgan Private Bank expects gold to reach $5,000 per ounce by 2026.
Alex Wolf, Head of Macro and Fixed Income Strategy, believes gold could trade between $5,200 and $5,300 per ounce by the end of 2026.
Goldman Sachs predicts prices may rise to $4,900 per ounce by December 2026, while ANZ expects gold to stay around $4,600 per ounce by mid-next year.
Silver Prices Also Surge
Like gold, silver prices have also increased sharply.
- Above ₹1.5 lakh: On 14 November, silver reached ₹1,73,100 per kilogram in India.
- International market: Silver spot price climbed to $53.86 per ounce.
Gold and silver prices in India are influenced not only by domestic demand but also by global economic trends, dollar movement, and geopolitical developments.
