By Ira Deshpande
Delhi’s gold prices fell sharply on Tuesday, November 4, 2025. One gram of 24-carat gold fell 81 naira from the previous day’s price of ₹12,332 to ₹12,251. For larger quantities, the decrease was more noticeable: 10 grams lost ₹810, and 100 grams dropped by ₹8,100.
The slide wasn’t limited to 24-carat gold. The 22-carat version slipped to ₹11,240 per gram, down ₹63 from November 3. Ten grams cost ₹1,12,400 (down by ₹630), and 100 grams were priced at ₹11,24,000 (down by ₹6,300 in total).
Lower-karat gold was no exception. The 18-carat gold rate dropped by ₹52 to reach ₹9,199 per gram. For 10 grams the tally was ₹91,990 (down ₹520) and 100 grams cost ₹9,19,900, reflecting a fall of ₹5,200 from the day before.
Silver, too, mirrored this downward movement. In Delhi the metal was valued at ₹151 per gram, a small but definite slip of ₹3 from the prior day. The price per kilogram stood at ₹1,51,000 – ₹3,000 decrease.
Market watchers say the correction follows a recent spike in gold prices, when heightened demand and global uncertainty pushed rates higher. The sudden retreat suggests some of that momentum has eased. Some analysts believe the dip may provide a buying window. However, companies caution that the relief may not last long unless movement is sustained.
To put it briefly, this precipitous decline serves as a reminder of how strongly local supply and demand and global cues influence precious metal prices. Traders are now keeping an eye on the upcoming U.S. inflation data and tariff hearings, as any surprises there could quickly reverse the trend. For now, buyers remain cautiously optimistic, hoping the softer prices will hold through the festive season.