Gold Rate in India Sees Humongous Jump! 24K Rallies Rs 21,800/100 Gm In Week; Will Prices Rise? 26 Nov Outlook

Gold Rate in India: Gold and silver prices surged sharply across India on Tuesday, driven by rising expectations of a US Federal Reserve rate cut that kept global investors cautious. The 24-karat gold price jumped over Rs 191 per gram, while silver also witnessed strong upward momentum. With key US economic data due on Wednesday, market participants now await the next major trigger that could influence gold and silver price trends on November 26.

The US will release key macroeconomic data, including GDP, initial jobless claims, crude oil inventories, core PE price index, etc, on Wednesday. These data numbers will impact the sentiment around precious metal commodities.

Gold Rate in India

The price of 24 karat gold in India increased by nearly Rs 191 per gram to Rs 12,704 per gram on Tuesday, November 25. The rate of 22 karat gold in India jumped from around Rs 175 per gram to Rs 11,645 per gram. The price of 18 karat gold in India increased by nearly Rs 143 per gram to Rs 9,528 per gram.

Silver Rate in India

The price of silver in India increased by Rs 167 per gram, to Rs 1,67,000 per kilogram. Silver rate in India is closely tracked by investors and retail jewellery buyers because of its strong industrial demand and supply side constraints.

Gold, Silver MCX Rates

MCX Gold futures with December expiry stood at Rs 1,25,163 per 10 grams at 6 pm on Tuesday, November 25. MCX Silver Futures with December expiry closed at Rs 1,56 531 per kilogram. The international gold prices on Tuesday stood at $ 4,120 per ounce on Tuesday.

Gold, Silver Price Outlook

Gold prices may remain volatile on Wednesday, as investors may react to anticipation around US key macroeconomic data. "Many bullish drivers fueling the recent rally, including expectations of rate cuts, a softer U.S. dollar, rising ETF allocations, and continued central-bank accumulation, are largely priced in. As a result, the next leg higher will likely require fresh catalysts," noted Ross Maxwell, Global Strategy Lead at VT Markets.

"Gold's trajectory will depend on developments such as deeper monetary easing, geopolitical disruptions, or a sustained drop in real yields-all of which could reinforce momentum. On the flip side, a firmer U.S. dollar, rising real interest rates, or cooler central-bank demand may limit gains or trigger corrective phases," Maxwell added.