Gold Rate in India Jumps Rs 46,900/100 Gm In Week! Time To Touch Fresh Highs Ahead? 1-6 December Outlook

Gold Rate In India: Gold and silver prices in India saw a sharp rebound in the last week of November. After continuing its range-bound movement in the first half of the week, gold prices jumped over Rs 46,900 (per 100 grams of 24 karat gold) in the last week. The sharp jump this time has come against the backdrop of rising expectations of a United States Federal Reserve rate cut in December. Silver prices have also surged significantly over the past few weeks.

As November comes to a close and we step into December, all eyes are now on the movement of gold and silver prices in the upcoming week, from December 1 to December 6.

Gold Rate in India

The price of 24 karat gold in India jumped over Rs 136 per gram to Rs 12,982 per gram on Saturday, November 29. Likewise, the rate of 22 karat gold in India increased over Rs 125 per gram to Rs 11,900 per gram. Similarly, 18 karat gold in India surged over Rs 103 per gram to Rs 9,737 per gram. The rate of gold in India has jumped more than 60% since the beginning of the year.

Silver Rate in India

The price of silver in India has also increased significantly in 2025 so far. Silver rate in India jumped to Rs 185 per gram to Rs 1,85,000 per kilogram. The rate of silver in India has increased in the year due to strong industrial demand and supply side constraints.

Gold, Silver MCX

MCX Gold futures with December expiry closed at Rs 1,26,920 per gram on Friday, November 28. Whereas, MCX Silver futures with December expiry closed at Rs 1,71,850 per kilogram. International gold prices on Friday closed at Rs 4,220 per ounce.

Gold, Silver Price Outlook Next Week

The price of gold saw a sharp surge last week. The bullish momentum in the precious metal is likely to continue next week as the market await the upcoming US Fed meeting. Additionally, the ongoing wedding season and continued purchase of gold jewellery will keep the domestic demand strong.

"Next week, gold is likely to trade in a stable with a slight bullish bias. Supported by global macro drivers but moderated by improved import supply under CEPA. Silver could outperform slightly, especially if global demand or investor rotation accelerates," stated Ross Maxwell, Global Strategy Lead at VT Markets.

"Large jewellers and bullion dealers could benefit from the India-UAE CEPA talks, which aims to provide an auction-based quota system for gold imports from the UAE. The aim is to increase organised supply which would help keep domestic premiums even if headline gold prices remain high. On the global front, gold continues to enjoy strong safe-haven demand amid geopolitical uncertainty and inflation concerns. We have seen recent volatility in gold and some dip buying opportunities, and this continues to be the safest approach which offers the best value," added Ross.

While gold rate in India has surged significantly over the past week, there could be some price consolidation if a stronger dollar or rising yields emerge, noted Kalp Jain, Research Analyst, INVasset PMS.

"In the near term, prices are likely to stay firm, though some consolidation would be healthy, especially if a stronger dollar or rising yields emerge. Still, with physical demand in key Asian markets holding up and institutional flows via ETFs remaining robust, the broader bias remains positive. For investors seeking ballast in uncertain times, gold continues to offer a compelling anchor," stated Jain.