Gold Rates In India SUPER RALLY; 100 Grams Gold Up Rs 27,800 In 2 Days, Silver Up Rs 6K; 24K, 22K, 18K Gold

Gold rates in India continued their super rally for the second consecutive day on November 26. The 100-gram gold price has climbed by Rs 27,800 in 2 days in row, while 10 grams surged by Rs 2,780 in 24 carat. Meanwhile, 1Kg silver price in India also soared by a whopping Rs 6,000. One of the key reason why gold and silver rates are rising is the delayed release of US economic data which has reaffirmed hopes for rate cut from US Federal Reserve in December policy.

"Gold and silver ended the session close to two-week high as delayed US economic data boosted expectations of a December Fed rate cut. September retail sales grew just 0.2%, signalling softer consumer demand, while PPI figures aligned with expectations. Recent dovish remarks from Fed officials have further pushed market pricing for a 25 bps cut to over 80%," said Rahul Kalantri, VP Commodities, Mehta Equities.

Another key driving factor is the dollar index which slipped below 100, lending additional support to bullion. However, analyst said, "upside momentum in gold was limited amid easing geopolitical risk after Ukrainian authorities reportedly agreed to a roadmap to end the conflict with Russia."

Gold Rates In India:

24 Carat Gold Prices:

On November 26, 10 grams gold price soared by Rs 870 to Rs 1,27,910, 100 grams climbed by Rs 8,700 to Rs 12,79,100, 8 grams jumped by Rs 696 to Rs 1,02,328 and 1 gram gold is up by Rs 87 to Rs 12,791.

On the previous day, 100 grams and 10 grams gold prices were up by Rs 19,100 and Rs 1,910 respectively.

Accordingly, from November 25-26, gold rates in 24 carat has skyrocketed by Rs 27,800 in 100 grams and up by Rs 2,780 in 10 grams.

22 Carat Gold Prices:

In case of 22 carat, 10 grams gold rate is at Rs 1,17,250, higher by Rs 800. Further, 100 grams gold in this carat surged by Rs 8,000 to Rs 11,72,500. Among the smaller grams, gold is up by Rs 640 to Rs 93,800 per 8 gram and higher by Rs 80 to Rs 11,725 per 1 gram.

18 Carat Gold Prices:

10 grams gold price in 18 carat surged by Rs 650 to Rs 95,930, while 100 grams gold zoomed by Rs 6,500 to Rs 9,59,300. Additionally, 8 grams and 1 gram gold rates soared by Rs 520 and Rs 65 to Rs 76,744 and Rs 9,593 respectively.

Silver Rates In India:

Silver rates have also seen a significant jump over two days straight. On November 26, 1KG silver price surged by Rs 2,000, which comes after Rs 4,000 upside on November 25. In these two days, 1Kg silver is up by Rs 6,000.

Currently, 1Kg silver rate is at Rs 1,69,000, 100 grams at Rs 16,900, 10 grams at Rs 1,690 and the cheapest silver is of Rs 169 per 1 gram.

Gold & Silver Rates Outlook:

Looking ahead, Kalantri said, " Gold has support at $4100-4065 while resistance at $4170-4195. Silver has support at $51.00-50.65 while resistance is at $51.85-52.20. In INR gold has support at Rs1,24,350-1,23,580 while resistance at Rs1,25,850-1,26,500. Silver has support at Rs1,54,850-1,53,600 while resistance at Rs1,57,110, 1,58,000."

MCX Gold Price + MCX Silver Price

At the time of writing, MCX gold with December 2025 expiry, soared by Rs 718 or 0.6% to trade at Rs 1,25,943 per 10 grams. The bullion touched an intraday high of Rs 1,26,078 per 10 grams in the opening bell.

BUY MCX Gold?

As per analysts at Nirmal Bang, gold prices are expected to rise. One can buy at 124700 with a stop loss of 124200. Prices are expected to test 125500-126200.

Moreover, MCX silver performed at Rs 1,58,168 per 1Kg, up by Rs 1,847 or 1.2%. The silver is near its intraday high of Rs 1,58,293 per 1Kg.

BUY MCX Silver?

The analysts said, silver prices are expected to rise. One can buy at 156800 with a stop loss of 155000 for the target 159000-160700.

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