Gold prices across India exhibited a divergent trend on November 14, with national averages declining while the southern metropolis of Bengaluru recorded substantial increases. According to The Hindu BusinessLine, the national rate for 22-carat gold fell by ₹43 per gram to ₹12,695, and 8 grams of the same purity dropped by ₹344 to ₹1,01,560. This national downward movement was mirrored in most major metropolitan markets, where prices for both 22-carat and 24-carat gold decreased compared to the previous day.
Delhi, Mumbai, Kolkata, Chennai, Hyderabad, and Pune all reported declines in gold rates. In the capital, 22-carat gold fell by ₹80 per gram to ₹12,715, while 24-carat gold dropped by ₹84 to ₹13,351. Mumbai saw identical per-gram decreases of ₹80 and ₹84 for 22-carat and 24-carat gold, respectively. Kolkata, Chennai, Hyderabad, and Pune also recorded uniform drops of ₹80 and ₹84 per gram for the two purity grades. The Hindu BusinessLine reported that gold prices showed a mixed trend across metro cities, highlighting the stark contrast with Bengaluru’s performance.
Bengaluru stood out as the primary exception to the national decline. The Hindu BusinessLine reported that 22-carat gold in the city rose by ₹420 per gram to ₹12,725, with 8 grams increasing by ₹3,360 to ₹1,01,800. Similarly, 24-carat gold in Bengaluru jumped by ₹441 per gram to ₹13,361, and 8 grams rose by ₹3,528 to ₹1,06,888. This significant local surge meant that Bengaluru’s 22-carat rate surpassed that of Delhi, Mumbai, and other major hubs on the same day.
Beyond the metropolitan centers, other cities also experienced price reductions. The Hindu BusinessLine reported that gold prices showed a mixed trend across other cities, though the data indicated widespread declines. In Coimbatore, Nagpur, Visakhapatnam, Surat, Jaipur, Lucknow, and Chandigarh, 22-carat gold fell by ₹80 per gram, and 24-carat gold dropped by ₹84 per gram. These cities saw their 22-carat rates settle between ₹12,615 and ₹12,719 per gram, while 24-carat rates ranged from ₹13,246 to ₹13,355 per gram. The consistent downward pressure in these regions contrasted sharply with the volatility observed in Bengaluru.