Gold Rate Today, November 25: After falling for two days in a row, gold prices saw an appreciation on Tuesday, after dovish comments from Fed policymakers revived prospects of a US rate cut in December.
In Mumbai, the price of 24-carat gold stood at Rs 1,27,040 per 10 grams, while 22k gold was available at Rs 1,16,450 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 1,62,900 per kg in the spot market.
On the MCX, gold rose by 0.93% to trade at Rs 1,25,009 per 10 grams for the December 5 contracts, whereas silver was trading higher by 1.28% to trade at Rs 1,56,463 per kg in the futures market.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On November 25?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,16,600 | Rs 1,27,190 |
| Jaipur | Rs 1,16,600 | Rs 1,27,190 |
| Ahmedabad | Rs 1,16,500 | Rs 1,27,090 |
| Pune | Rs 1,16,450 | Rs 1,27,040 |
| Mumbai | Rs 1,16,450 | Rs 1,27,040 |
| Hyderabad | Rs 1,16,450 | Rs 1,27,040 |
| Chennai | Rs 1,16,450 | Rs 1,27,040 |
| Bengaluru | Rs 1,16,450 | Rs 1,27,040 |
| Kolkata | Rs 1,16,450 | Rs 1,27,040 |
Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd, said, “Gold and silver remained highly volatile but sharply rebounded from low ahead of a heavy US data calendar following the end of the US government shutdown. Precious metals found support from the New York Fed Governor’s dovish remarks on a possible December rate cut, with market expectations for a 25-bps have surged to around 81%, up sharply from about 40% a week earlier. However, a stable dollar index and the Russia-Ukraine peace deal hopes are limiting gains of gold and silver. Investors now await key US data, including September retail sales, PPI figures and weekly jobless claims, for clearer insight into economic conditions and the Fed’s policy path.”
The next US Fed meeting will take place on December 9-10 and the decision will be announced on December 10.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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