Gold prices extend their decline on Monday, slipping below the Rs 1.25 lakh mark per 10 grams in Mumbai, tracking a sharp global fall amid easing US-China trade tensions. Gold Rate in India: Gold prices in India extended their decline on Tuesday, November 5, with 24K, 22K, and 18K gold witnessing another sharp drop. Gold , silver prices see a major decline on Friday amid profit-booking and following reports that precious metals were excluded from US President Donald Trump's "reciprocal" tariffs. Gold Market: Discover why gold prices dropped by Rs 1,200 amid weak global signals and Fed comments, impacting expectations for rate cuts.