📊 Today’s Precious Metals Snapshot
- 24 Carat Gold: ₹12,425 per gram in India today. Goodreturns+2Groww+2
- 22 Carat Gold: ₹11,389 per gram. Goodreturns
- 18 Carat Gold: ₹9,318 per gram. Goodreturns
- Silver: ₹164.90 per gram (₹1,64,900 per kilogram) today. Goodreturns+1
🔍 What’s Driving These Rates?
1. Global & Local Currency Dynamics
Gold and silver prices in India are heavily influenced by global bullion rates denominated in US dollars and the strength or weakness of the Indian rupee. For example, when the USD strengthens, Indian rupee cost of gold tends to rise, and vice-versa. Groww+1
2. Demand from Festivals & Jewellery
In India, both gold and silver see demand surges during festivals, weddings and when investors seek safe-haven assets. These spur buying and can push prices up. For silver, industrial demand (electronics, solar panels etc) also plays a role. 5paisa
3. Supply & Import Costs
Customs duty, import charges, GST and local making charges all add to the final retail cost. Also, physical availability can influence premiums (especially for silver). Angel One+1
4. Recent Trends
- Silver has seen a strong upward trend in recent weeks/months. Goodreturns+1
- Gold has been relatively steadier but still elevated when compared to previous years. Groww+1
🛒 What This Means for Buyers & Investors
For Jewellery Buyers
- If you’re buying gold jewellery, take note: 22 K vs 24 K price difference is considerable.
- For silver, small fluctuations may not be dramatic per gram, but when buying in quantity (e.g., kg), the total impact is big.
- Check making charges and local city premiums as these vary widely.
For Investors
- Gold (and increasingly silver) continue to act as hedges against inflation and currency risk. Groww+1
- If you’re buying now, consider timing: entering just after a big jump might carry risk of correction.
- Also evaluate alternate forms: bars, coins, ETFs vs jewellery.
For Timing Considerations
- Because rates fluctuate daily (or even intraday), if you’re buying for a major purchase, keep an eye on the trend for several days.
- For sellers, similarly choose a day when prices are high and premiums minimal.
✅ Key Takeaway
Today (21 Nov 2025) in India: Gold is trading at high levels (24K: ~₹12,425/g) and silver at ~₹164.90/g. Both metals stay in demand for investment and ceremonial buying. If you’re planning to buy or invest, be mindful of timing, additional costs (making, taxes), and your underlying goal (use vs investment).
