Gold Rate Today, November 2, 2025: Prices Dip Slightly Across India Amid Weak Demand and Inflation Pressure

Gold prices in India saw a modest decline on Sunday as demand softened amid persistent inflationary pressures and global market uncertainty. According to data from Goodreturns, 24K gold (999 purity) was priced at ₹12,300 per gram, while 22K gold (91.67% purity) stood at ₹11,275 per gram.

The marginal drop reflects a combination of profit booking, reduced jewellery demand, and subdued international cues, analysts said.

Gold Prices Across Major Cities (per gram)

Source: Goodreturns (as of November 2, 2025)

Gold’s Cultural and Financial Importance

Gold continues to hold a special place in Indian households, valued not only as jewellery but also as a safe-haven investment. Its ability to retain value during economic volatility makes it a preferred choice for investors seeking protection against inflation and market instability.

Experts note that the post-festive demand lull often leads to short-term price corrections, even as long-term interest in gold remains strong due to its role in wealth preservation.

What Drives Gold Prices in India

Gold rates in India are determined by a mix of global and domestic factors, including:

• International gold prices and dollar strength
• Rupee-dollar exchange rate
• Domestic demand during festive seasons
• Inflation trends and monetary policy signals

When inflation rises or the rupee weakens, gold prices typically gain traction as investors look for stability. Conversely, a stronger dollar or easing demand can exert downward pressure on prices.

Market Outlook

Despite the present dip, analysts suggest that gold could regain strength later in the month if inflation remains sticky or geopolitical tensions rise. For now, the metal continues to trade in a narrow range, reflecting the balance between domestic buyers’ restraint and global uncertainty.

Gold remains both a symbol of cultural heritage and a trusted store of value for millions of Indian households — a tradition that continues to shine even amid market fluctuations.