Gold and Silver rates witness a big fall ahead of wedding season
·4 hours ago·2 min read
Key Points
Gold and silver prices declined in India on November 12, 2026, bringing relief to jewellery buyers ahead of the wedding season. Check the latest 24K, 22K and 18K gold rates, along with MCX and international silver prices.
Bhubaneswar, Nov 12: Gold and silver prices witnessed a significant decline in the Indian market on Thursday, November 12, 2026, bringing some relief to customers planning to purchase jewellery ahead of the upcoming wedding season. After the Diwali and Bhai Dooj festivities, the fall in precious metal prices has come as welcome news for gold and silver buyers.
Gold and silver prices opened lower on Thursday in the Multi Commodity Exchange (MCX).
December delivery gold prices declined by Rs 689 to trade at Rs 1,39,028 per 10 grams.
Similarly, silver prices witnessed a sharp fall of approximately Rs 2,000 per kilogram on MCX, reaching Rs 1,82,700 per kg. Meanwhile, the market price of silver was reported at around Rs 1,83,510 per kilogram.
Gold and silver prices opened lower on Thursday in the Multi Commodity Exchange (MCX).
December delivery gold prices declined by Rs 689 to trade at Rs 1,39,028 per 10 grams.
Similarly, silver prices witnessed a sharp fall of approximately Rs 2,000 per kilogram on MCX, reaching Rs 1,82,700 per kg. Meanwhile, the market price of silver was reported at around Rs 1,83,510 per kilogram.
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The decline in both precious metals has attracted the attention of investors and jewellery buyers, particularly ahead of the busy wedding season.
Customers planning to purchase gold jewellery can check the indicative prices of different gold purities below.
24-Carat Gold: Rs 1,39,790 per 10 grams
22-Carat Gold: Rs 1,28,141 per 10 grams
18-Carat Gold: Rs 1,04,843 per 10 grams
These are indicative market rates. Actual gold rates may also vary slightly depending on the city, jeweller and applicable taxes.
The downward trend was not limited to the Indian bullion market. Gold and silver also witnessed losses in international trading.
According to the available market figures:
COMEX Gold: Fell by 0.41% to $3,983.90 per ounce.
International Silver: Declined by 1.25% to $51.350 per ounce.
The weakness in international precious metal prices has also put pressure on domestic gold and silver rates.
Customers planning to purchase gold jewellery can check the indicative prices of different gold purities below.
24-Carat Gold: Rs 1,39,790 per 10 grams
22-Carat Gold: Rs 1,28,141 per 10 grams
18-Carat Gold: Rs 1,04,843 per 10 grams
These are indicative market rates. Actual gold rates may also vary slightly depending on the city, jeweller and applicable taxes.
The downward trend was not limited to the Indian bullion market. Gold and silver also witnessed losses in international trading.
According to the available market figures:
COMEX Gold: Fell by 0.41% to $3,983.90 per ounce.
International Silver: Declined by 1.25% to $51.350 per ounce.
The weakness in international precious metal prices has also put pressure on domestic gold and silver rates.
The decline in gold and silver prices has brought relief to consumers who are planning to purchase jewellery ahead of the wedding season. Lower prices could help families manage their jewellery budgets, particularly those preparing for weddings and other celebrations.
However, gold and silver prices are influenced by several factors, including international market movements, investor demand, currency fluctuations and global economic conditions. Therefore, prices may change throughout the trading session.
However, gold and silver prices are influenced by several factors, including international market movements, investor demand, currency fluctuations and global economic conditions. Therefore, prices may change throughout the trading session.
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