Gold Rate Today, November 12, 2026: Gold prices have remained in focus following the Diwali festive season, with investors and jewellery buyers closely monitoring fluctuations in domestic and international markets. According to a report published on November 12, gold futures on the Multi Commodity Exchange (MCX) recorded a decline of ₹795 per 10 grams.

The reported fall of approximately 0.57% brought the MCX gold futures price to ₹1,39,730 per 10 grams, compared with the previous closing level of ₹1,40,525.

Despite the decline in futures prices, retail gold rates remain relatively high in several major Indian cities.

The report lists the indicative price of 24-carat gold at ₹1,42,130 per 10 grams in Delhi and several cities in Uttar Pradesh, while Mumbai and Kolkata are quoted at ₹1,41,980.

For consumers in Jaipur, the headline raises an important question: Has gold become cheaper after Diwali?

While the reported MCX decline indicates some downward movement in futures prices, the source does not provide a separately verified Jaipur retail gold rate. Buyers should therefore check quotations from local jewellers before making a purchase.

Here is a detailed look at the reported gold prices, purity-wise rates and factors influencing the precious metal market.

MCX Gold Price Falls ₹795 Per 10 Grams

Gold futures reportedly moved lower on the Multi Commodity Exchange, attracting attention from investors and jewellery buyers.

According to the source report, the futures price declined from ₹1,40,525 to ₹1,39,730 per 10 grams.

The reported figures are summarised below.

The Delhi bullion market figure was described in the report as inclusive of taxes.

Important: These are figures supplied by the original publication and have not been independently verified against live MCX or bullion market data.

MCX futures prices and retail jewellery prices are not directly interchangeable because they represent different markets and pricing arrangements.

Gold Price Today: 24K, 22K and 18K Rates

Gold is available in different purity levels, and its price varies accordingly.

The source report provides the following indicative rates.

These figures correspond to the rates listed for Delhi and several other northern Indian cities.

Actual jewellery prices may differ because of making charges, taxes, design costs and retailer margins.

Gold Price in Jaipur: Has the Rate Fallen After Diwali?

Jaipur is an important jewellery market, known for its traditional gold ornaments, gemstone jewellery and established bullion trade.

During the festive and wedding seasons, gold demand can attract considerable attention from buyers.

The reported decline in MCX gold futures suggests some easing in market prices.

However, a decline in futures prices does not necessarily mean that every jewellery shop in Jaipur will immediately reduce its selling rates by the same amount.

Local bullion quotations, the timing of price updates, purity and making charges can all influence the final price.

The source article does not provide a specific Jaipur gold rate for November 12, 2026.

Therefore, it would be misleading to present the Delhi rate as Jaipur's confirmed price.

Consumers planning to buy gold in Jaipur should compare quotations from authorised jewellers and verify the day's local bullion rate.

Gold Rates in Delhi, Lucknow, Meerut, Kanpur and Ayodhya

According to the report, gold prices were similar across several northern Indian cities.

The quoted rates for Delhi, Lucknow, Meerut, Kanpur and Ayodhya were:

• 24-carat gold: ₹1,42,130 per 10 grams.
• 22-carat gold: ₹1,30,300 per 10 grams.
• 18-carat gold: ₹1,06,640 per 10 grams.

These are indicative market quotations rather than guaranteed final jewellery purchase prices.

Customers buying ornaments may pay additional amounts for craftsmanship, taxes and other applicable charges.

Gold Price in Mumbai, Kolkata, Chennai and Patna

Gold rates also vary across other major cities.

The following table presents the purity-wise prices mentioned in the source report.

All prices are per 10 grams and are based on the supplied November 12, 2026 report.

The figures indicate relatively small differences between several cities.

However, these quotations should be verified before publication as live market prices or used for a financial transaction.

What Is the Difference Between 24K, 22K and 18K Gold?

Gold purity is one of the most important factors affecting jewellery prices.

24-Carat Gold

24-carat gold is considered the highest standard of purity commonly used in the retail gold market.

It is generally preferred for certain coins and investment products rather than many types of everyday jewellery.

Because it contains a higher proportion of gold, its price is usually higher than lower-purity alternatives.

22-Carat Gold

22-carat gold contains approximately 91.67% gold, with the remaining portion consisting of other metals.

It is widely used for traditional gold jewellery in India.

The addition of other metals improves durability compared with very high-purity gold.

18-Carat Gold

18-carat gold contains 75% gold and 25% other metals.

It is commonly used in certain modern jewellery designs, including gemstone-studded ornaments.

Its lower gold content generally makes it less expensive per gram than 22-carat or 24-carat gold.

Why Do Gold Prices Change After Diwali?

Gold prices are influenced by multiple factors, including international demand, currency movements, interest-rate expectations and investor sentiment.

The festive season can also affect physical jewellery demand in India.

However, seasonal buying is only one factor determining market prices.

International gold prices are generally quoted in US dollars per troy ounce.

Changes in the rupee-dollar exchange rate can influence the cost of gold in India.

When the rupee weakens against the dollar, imported gold may become more expensive in rupee terms, even if the international price remains unchanged.

Similarly, changes in global interest-rate expectations and demand for safe-haven assets can influence gold prices.

A single day's decline does not necessarily indicate that gold will continue becoming cheaper.

MCX Gold Price vs Jewellery Shop Price: What Is the Difference?

Many consumers compare MCX gold futures quotations with the rates displayed by jewellery retailers.

However, these prices are not identical.

MCX gold futures represent exchange-traded contracts with specified terms, including contract size and expiry.

Retail jewellery prices depend on physical gold quotations, purity, making charges, taxes and other retailer-specific costs.

For example, a jewellery purchase may include the gold value plus making charges and applicable GST.

Some jewellery designs may also involve additional charges for stones or other components.

Therefore, a decline of ₹795 in an MCX futures quotation does not automatically mean a jewellery buyer will save ₹795 on every 10 grams purchased.

What Should You Check Before Buying Gold Jewellery?

Before purchasing gold, consumers should examine the purity, weight and billing details.

A few important precautions include:

1. Check BIS Hallmarking: Verify the applicable hallmark and HUID details for eligible hallmarked jewellery.
2. Compare Gold Rates: Ask more than one reputable jeweller for the current rate.
3. Review Making Charges: Understand whether making charges are calculated per gram or as a percentage.
4. Check the Invoice: Ensure the bill clearly mentions the weight, purity, rate, charges and applicable taxes.
5. Verify Stone Charges: If the jewellery contains gemstones, confirm how their weight and price are calculated.
6. Understand Exchange Policies: Ask about deductions, buyback conditions and resale arrangements.

Consumers can use the official BIS Care application to verify eligible hallmarked jewellery details.

Is This a Good Time to Buy Gold?

Whether to purchase gold depends on the buyer's financial situation and purpose.

Someone buying jewellery for an upcoming wedding may have different priorities from an investor considering gold for long-term diversification.

Short-term price declines can create buying opportunities, but they do not guarantee that prices have reached their lowest level.

Consumers should avoid making major financial decisions based solely on a single day's market movement.

For jewellery purchases, the final cost—including making charges and taxes—may be more important than a small difference in the quoted gold rate.

Investors should also consider risk, liquidity, investment horizon and overall portfolio allocation.

Final Takeaway

The November 12, 2026 report indicates that MCX gold futures declined by ₹795, or approximately 0.57%, to ₹1,39,730 per 10 grams.

The source lists indicative retail rates of ₹1,42,130 for 24-carat gold, ₹1,30,300 for 22-carat gold and ₹1,06,640 for 18-carat gold in Delhi and several northern cities.

However, the article does not provide a separately confirmed gold price for Jaipur.

Anyone planning to purchase gold after Diwali should verify the latest local bullion quotation, check jewellery purity and compare making charges before finalising a purchase.

Source Credit: Based on gold market information published by Journal India on November 12, 2026.

Disclaimer: Gold prices quoted in this article are based on the supplied source and have not been independently verified. Market prices fluctuate, and actual retail rates may vary by city, seller, purity and applicable charges. This article is for general information and does not constitute investment advice.