Gold prices fell today across several major Indian metro cities, with the daily rate report covering Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Pune. The movement applies to both 22-carat and 24-carat gold, the two grades most commonly quoted to retail buyers in the country.
Rates differ marginally from one city to another. The variation is attributed to local taxes and levies, which add to the base price in each market, so the same grade of gold does not command an identical rate everywhere. Buyers comparing prices across cities are therefore advised to look at the quote in their own location rather than assume a national figure.
The report was published as a Hindu BusinessLine daily gold rate update dated November 11, 2026. It provides the metro-city quotes for both carat grades but does not state the exact per-gram or per-10-gram figures in the material available, and it does not give a reason for the decline in prices. The underlying cause of today's fall therefore cannot be established from the report.
For households, jewellers and investors tracking bullion, the daily rates across these seven cities serve as a reference point for purchase and sale decisions. Because local taxes shape the final figure, the metro-level comparison shows how far the quoted price can shift between cities even on a day when the broad direction of the market is the same.
Source: thehindubusinessline.com
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