Gold Rate in India Reverses Losses! 24K On Way To Reclaim Rs 1.25 Lakh; Will Prices Rise Today? 20 Nov Outlook

Gold Rate in India: The price of 24, 22, and 18 karat gold in India saw a sharp rebound on Wednesday. Silver prices also recovered from past session's losses. The surge in precious metals rate aligns with jump in international prices ahead of the release of United States economic data. As investors continue to remain cautious about global economy, trade tensions, and geopolitical tensions, all eyes will be on gold and silver prices on Thursday, November 20.

Gold and silver will see a strengthened demand among international investors amid rising expectations of another rate cut by the US Federal Reserve and growing economic uncertainty. Back in India, the precious metals will remain in demand during the month because of the ongoing wedding season.

Gold Rate in India

The price of 24 karat gold increased by Rs 120 per gram to Rs 12,486 per gram on Wednesday, as per GoodReturns data at 11 pm on Nov 19. The rate of 22 karat gold in India increased by Rs 110 per gram to Rs 11,445 per gram. Likewise, the rate of 18 karat gold in India jumped around Rs 90 per gram to Rs 9,364 per gram.

Silver Rate in India

The price of silver also jumped on Wednesday. Silver rate in India increased to Rs 168 per gram and to Rs 1,68,000 per kilogram. SIlver prices have increased significantly since the beginning of the year 2025 due to strong industrial demand and supply side constraints.

Gold, Silver MCX Rate

The MCX rate of gold futures with December expiry closed higher at Rs 1,23,099 per 10 gram. Whereas, the MCX rate of silver futures with December expiry closed at Rs 1,55,380 per kilogram.

Gold, Silver Price Outlook

Gold and silver prices are likely to remain volatile on Thursday and may even showcase slightly upward momentum as investors will remain cautious ahead of the US job data release.

Short-term trajectory of gold and silver will be affected by the upcoming US jobs data and any fresh cues from Federal Reserves, noted Dr. Ravi Singh, Chief Research Officer from Master Capital Services Ltd.

"A softer labour print or signs of the Fed maintaining a dovish tilt could revive expectations of lower real interest rates, which historically lead a favourable scenario for gold. On the other hand, a resilient jobs market and stickier inflation may reinforce a higher-for-longer rate stance, limiting gold's near upside," stated Singh.

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