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Gold Prices Drop 1.5% on Dhanteras; Current Rates for 24K, 22K, and 18K
Sentiment: NeutralMedium Priority
What Happened?
On November 6, 2026, gold prices fell by 1.5% on the Multi Commodity Exchange, opening at ₹1.42 lakh per 10 grams. Consumers are monitoring rates ahead of Diwali.
Key points
- Gold prices decreased by 1.5% on the MCX.
- Current price for 24K gold is ₹14,602 per gram.
- 22K gold is priced at ₹13,385 per gram.
- 18K gold costs ₹10,952 per gram.
- Prices vary slightly across major cities in India.
Key insights
- Lower gold prices could encourage more purchases during Diwali.
- Consumers may seek to invest in gold as prices drop.
- The fluctuation in gold prices reflects broader market trends.
Why it matters
The decline in gold prices may influence consumer purchasing decisions during the festive season.
Source
Times Now
