# Gold and Silver Prices Decline Amid Strong US Inflation Data Precious metals retreat as US inflation figures and rate hike expectations strengthen the dollar. - **Source:** [mint - money](https://www.livemint.com/rss/money) - **Published:** 2026-11-12 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/63543513-7bbe-4695-990c-bc78bd5978e8 ## Global Market Price Correction Gold prices experienced a decline on November 12, reaching their lowest point since November 4. Spot gold dropped 0.2% to $3,977.99 per ounce, while US gold futures for December delivery fell 0.4% to $3,983.20. This downward trend follows a period of significant volatility driven by recent macroeconomic data releases. ## US Inflation and Fed Impact The primary catalyst for the price drop is robust United States inflation data. This economic performance has intensified market expectations regarding potential interest rate hikes by the US Federal Reserve. Consequently, the strengthening of the US Dollar has exerted downward pressure on gold, which typically struggles when interest rates rise. ## Market Sentiment and Volatility Ilya Spivak, head of global macro at Tastylive, noted that the gold market has undergone a meaningful pullback over the past several days. Despite this correction, he observed that markets are currently struggling to maintain a clear direction or follow-through, reflecting uncertainty among global investors regarding future monetary policy shifts. ## Regional Price Variations India Retail rates for gold and silver across India showed slight variations on November 12. In Mumbai, 24-karat gold was priced at ₹1,39,250 per 10 grams, while Delhi saw rates at ₹1,39,010. These figures reflect the broader national trend, with bullion data confirming consistent pricing structures across major urban centers like Bengaluru and Chennai. ## Silver Market Performance Silver prices also faced downward pressure alongside gold, with 999 Fine silver trading at ₹1,83,010 per kilogram nationally. In specific hubs, prices remained closely aligned with this benchmark, such as ₹1,82,580 in Delhi and ₹1,83,430 in Chennai. The precious metal continues to track closely with global spot market trends and currency fluctuations. ## City-Specific Gold Benchmarks Bengaluru recorded a 24-karat gold price of ₹1,39,360 per 10 grams, while Kolkata reported ₹1,39,060. Chennai maintained a slightly higher rate at ₹1,39,650, and Coimbatore followed at ₹1,39,630. These localized retail rates are influenced by national bullion trends and are essential for consumers tracking the cost of 18K, 22K, and 24K gold. ## Investment Caution and Guidance Financial experts emphasize that these price fluctuations are part of broader market cycles influenced by international economic indicators. Investors are advised to treat current retail data as educational information rather than direct financial advice. Consulting with certified experts remains a critical step before executing any significant investment decisions in precious metals. ## Future Market Outlook The immediate future of gold and silver prices remains tethered to upcoming US economic reports and Federal Reserve communications. As the market struggles for a sustained trend, participants should monitor interest rate expectations closely. Any shift in the US Dollar's strength will likely continue to dictate the short-term trajectory of these commodities. ## Sources covering this story - https://www.livemint.com/money/gold-24k-22k-18k-999-fine-silver-prices-today-12-november-check-retail-rates-delhi-mumbai-bangalore-coimbatore-chennai-11794462245516.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._