Gold Rate Today, November 27: After rising for two consecutive days, gold prices cooled on Thursday from their two-week high, as market participants weighed the possibility of a December US interest rate cut amid conflicting signals from the Federal Reserve. In Mumbai, the price of 24-carat gold stood at Rs 1,27,920 per 10 grams, while 22k gold was available at Rs 1,17,260 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 1,69,100 per kg in the spot market.
On the MCX, gold fell by 0.32% to trade at Rs 1,25,531 per 10 grams for the December 5 contracts, whereas silver was trading marginally lower by 0.07% to trade at Rs 1,61,156 per kg in the futures market.
What Is The Price Of 22kt, 24kt Gold Rates Today
In India Across Key Cities On November 27?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,17,410 | Rs 1,28,070 |
| Jaipur | Rs 1,17,410 | Rs 1,28,070 |
| Ahmedabad | Rs 1,17,310 | Rs 1,27,970 |
| Pune | Rs 1,17,250 | Rs 1,27,910 |
| Mumbai | Rs 1,17,260 | Rs 1,27,920 |
| Hyderabad | Rs 1,17,260 | Rs 1,27,920 |
| Chennai | Rs 1,17,260 | Rs 1,27,920 |
| Bengaluru | Rs 1,17,260 | Rs 1,27,920 |
| Kolkata | Rs 1,17,260 | Rs 1,27,920 |
Ponmudi R, CEO of Enrich Money, said, “Comex Gold continues to trade within a contracting triangle pattern following its recent rally. The key upside breakout zone sits near $4,230/oz, and a decisive close above this level could trigger the next leg higher toward $4,250–$4,300/oz. The price action remains comfortably above short-term moving averages, confirming that the broader trend stays positive despite the ongoing consolidation phase.”
MCX Gold Futures are showing a similar tightening structure after a mild correction from record highs. Prices are consolidating near Rs 1,25,900, holding firmly above the 20-EMA (Rs 1,23,466) and well above the 50-EMA (Rs 1,19,894). This reinforces the bullish medium-term setup. Repeated higher-low formations further highlight strong buying interest on dips, he added.
“The immediate resistance for MCX Gold Futures is placed at Rs 1,26,800-Rs 1,27,500, and a convincing daily close above this zone could open the path toward Rs 1,29,000-Rs 1,30,500. On the downside, support lies at Rs 1,25,200, followed by a stronger base in the Rs 1,24,400–Rs 1,23,400 band. As long as gold holds above Rs 1,23,400, the overall bullish structure remains intact,” said Ponmudi.
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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