Gold Rates Drop In India, Nov-25: 24K/100 Grams of Gold Dips Rs 10,900; 1 Kg Silver Rates Drop Rs 500

Gold prices in India fell precipitously on Monday, November 25, amid worrying geopolitical concerns, the ongoing Adani crisis, and the performance of global commodity markets. Gold prices dropped on Monday as traders awaited additional indicators to evaluate the interest rate forecast amid projections of Federal Reserve rate cuts. This week, gold rates are anticipated to stay in a volatile range due to a weak dollar index and 10-year Treasury yields supported by dovish U.S. policy signals, while investors await the Fed's November FOMC meeting minutes, GDP figures and core PCE numbers.

Gold Rates In India Today

In India right now, 22 carat gold costs Rs 7,200 per gramme, whereas 24 carat gold costs Rs 7,855 per gramme. While the price of 22k of 100 grammes of gold fell to Rs 7,20,000 on Monday from Rs 7,30,000 yesterday, reflecting a price drop of Rs 10,000, the price of 22k of 10 grammes of gold in India will now cost Rs 72,000 which was Rs 73,000 earlier representing a drop of Rs 1000.

While 24k of 10 grammes of gold in India now costs Rs 78,550, down from Rs 79,640 yesterday, marking a 1,090 rupee price drop, 24k of 100 grammes of gold in India today will cost Rs 7,85,500, down from Rs 7,96,400 before, marking a Rs 10,900 price drop in a single day.

While 18k of 100 grammes of gold fell to Rs 5,89,100 today from Rs 5,97,300 yesterday, marking a price loss of Rs 8,200, 18k of 10 grammes of gold fell by Rs 820 on Monday to Rs 58,910 from Rs 59,730 yesterday.

Spot Gold Today

Reuters reports that U.S. gold futures dropped 0.5% to $2,697.90 on Monday, while spot gold dropped 0.6% to $2,695.79 an ounce as of 02:46 GMT, easing gold prices off a three-week high. Palladium dropped 0.6% to $1,003.21, platinum down 0.3% to $960.85, while spot silver dropped 1% to $30.99 an ounce.

Silver Rates Today In India

Today, silver costs Rs 91.50 per gramme and Rs 91,500 per kilogramme in India. Ten grammes of silver will cost Rs 915 in India today, down from Rs 920 yesterday; 100 grammes of silver will cost Rs 9,150 on Monday, down from Rs 9,200 yesterday, a 50 rupee price decrease; and 1 kilogramme of silver will price Rs 91,500 today, down from Rs 92,000 yesterday, down 500 rupees.

MCX Gold Outlook Today

"Gold eased below $2,700 per ounce on Monday on a likely technical pullback after a 6% surge last week, driven by safe-haven demand amid escalating tensions in the Russia-Ukraine conflict. The domestic yellow metal MCX Gold (Dec 2024 Contract closed firm near the highs for the day forming a strong bullish candle on the daily chart. The commodity is presently approaching its crucial supply zones around 77900-78000 levels which should act as resistance. On the downside, support for MCX Gold lies at 75800/76000 levels, with a break below 75800 level potentially dragging prices toward 74000/73500 levels. Traders are advised to trade with strict stoploss as volatility may remain high due to ongoing geopolitical issues," said the research analysts of Way2Wealth Brokers Private Limited.

Gold & Silver Rates Outlook Today

"Gold and silver prices are trading slightly lower today on the international bourses. We expect gold and silver prices to trade range-bound to higher for the day; as gold prices are steady after jumping the most in 20 months last week as an escalation in the Russia-Ukraine war boosted haven demand," said the broking firm Nirmal Bang Securities Pvt. Ltd.

Disclaimer

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