Gold Rate Today:  Gold prices declined marginally on Friday, November 15th and it turned out to be the worst week for gold in more than 3 years. On Friday, gold was trading at $2,562.61 an ounce in the international market, falling 0.1% against the previous day's closing price. Throughout the entire week, the price of gold has decreased by more than 4% reaching a 2-month low level. In the international market gold price has declined by more than $220 from last month's record high.

Gold futures in the United States were trading 0.2% lower at $2,567.10. The rate of gold in India has declined as well. Today on November 15, the price of 10 grams of 24-carat pure gold in Delhi was Rs. 75,813, representing a decline of about Rs 1,200 from its previous day's price. 

The current gold and silver rates are at a two-month low, as prices below this were last recorded on September 20, 2024, when the 24-carat yellow metal was worth Rs 75,526.

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Factors Behind Gold Price Decline

-  The decline in the rate of gold this week has been impacted by various reasons. The primary reason for this was the strengthening of the U.S. dollar and the possibility that the Federal Reserve would not cut interest rates further.

- After Donald Trump emerged victorious in the US Presidential election, the dollar surged drastically. That makes gold more expensive for countries that buy it in other currencies. Analysts also noted that the expectation of fewer interest rate cuts in the upcoming months has also further put pressure on gold prices.

- Recent inflation data in America showed that prices increased more than expected in October. The CPI data in the United States, which came in at 2.6 per cent higher than the expected 2.4 per cent, led to a stronger dollar, which hurt gold prices globally.

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