Tag: GoldPricesToday

Gold and silver futures on the Multi Commodity Exchange of India (MCX) climbed on Friday, fueled by expectations of a U.S. Federal Reserve rate cut and strong domestic demand ahead of the wedding season.

MCX December gold contracts rose 0.39% to ₹1,25,999 per 10 grams, while silver December contracts gained 0.85% to ₹1,63,849 per kilogram in early trading.

Analysts said the rally was driven by a softer U.S. dollar, healthy spot-market demand, and a high probability of a Fed rate cut in December. Some profit-booking was also seen, reflecting caution amid global market volatility and currency fluctuations.

With both global cues and domestic buying supporting the market, bullion, particularly gold, remains in focus for investors.

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Gold prices eased on Thursday as traders booked profits following a steady rise over the past few sessions. On the Multi Commodity Exchange (MCX), December gold futures slipped around 0.36% to nearly ₹1,25,480 per 10 grams in early trade. Silver prices also softened, with futures hovering close to ₹1,60,950 per kg. The dip is largely seen as a temporary correction rather than a shift in trend.

The focus of global markets now shifts to the U.S. Federal Reserve, which is set to review its interest-rate policy next week. Investors are anticipating signals on whether the Fed will begin cutting rates in the coming months. Recent U.S. economic data, including slower retail sales and cooling inflation, has strengthened expectations of monetary easing, an outcome generally positive for gold.

A weaker U.S. dollar this week has also lent support to bullion, as a softer dollar makes gold more attractive for international buyers. However, analysts caution that the metal may continue to face short-term volatility depending on how the dollar and U.S. Treasury yields move ahead of the policy announcement.

In the domestic market, experts believe gold will trade within a narrow band. Key support levels lie around ₹1,24,350–₹1,23,580 per 10 grams, while resistance is expected near ₹1,25,850–₹1,26,500. Globally, support is estimated around $4,100 per ounce.

Traders see Thursday’s decline as a healthy pullback after recent gains, with the broader outlook remaining cautious but stable. The Fed’s commentary will be the next major trigger that could shape gold’s direction in the short term.

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Gold and silver opened slightly higher on Wednesday, reflecting steady demand and positive global cues. The price of 24-carat gold moved up by ₹10, bringing it to ₹1,27,050 per 10 grams. Silver also saw a mild rise, gaining ₹100 to trade at ₹1,67,100 per kilogram.

The increase wasn’t dramatic, but it shows that buyers are slowly returning to precious metals as expectations grow that the US Federal Reserve may cut interest rates in December. Lower interest rates typically make gold more attractive since it becomes easier for investors to shift money into safe-haven assets.

In the 22-carat category, gold was priced at ₹1,16,460 per 10 grams. Rates varied slightly across major cities: Mumbai and Kolkata saw 24-carat gold at ₹1,27,050, while Chennai quoted a slightly higher price of ₹1,27,870.

Overall, the market remains cautious but optimistic, with traders watching global economic signals closely. Precious metals could see more movement in the coming weeks depending on how rate-cut expectations evolve.

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Gold and silver prices in India rose sharply on Tuesday as global markets increasingly bet on a possible US Federal Reserve rate cut in December. On the Multi Commodity Exchange (MCX), gold futures gained about ₹1,070 to reach ₹1,24,924 per 10 grams, marking a strong upward move. Silver futures also surged, rising nearly ₹1,900 to about ₹1,56,380 per kilogram.

In the international market, spot gold slipped slightly after a strong rally the previous day, but overall sentiment remains positive. A firm U.S. dollar, currently near six-month highs, acted as a mild drag, yet investors continued to show preference for precious metals on expectations of lower interest rates ahead.

Investor confidence in a December rate cut has strengthened significantly. Market indicators now reflect an estimated 81% probability of the Federal Reserve trimming rates, up from about 40% just a week earlier. Lower interest rates typically boost demand for gold, as they reduce the opportunity cost of holding non-yielding assets.

However, some US Federal Reserve officials remain cautious. A few policymakers have suggested that it may be premature to ease monetary policy, warning that cutting rates too soon could pose risks to economic stability.

In India’s physical bullion market, prices also moved higher across major cities. In Delhi, 22-carat gold is trading around ₹93,176 per 8 grams, while 24-carat gold is priced at roughly ₹1,00,224 per 8 grams. Mumbai, Chennai and Hyderabad reported similar firming in rates.

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Gold and silver prices in India softened at the start of the week, reflecting a shift in market sentiment as investors grew doubtful about the chances of a policy rate cut in the upcoming RBI meeting. After several weeks of steady gains, bullion prices showed a mild pullback, signalling a more cautious mood among traders.

In the domestic market, 24-carat gold was quoted at around ₹1,23,146 per 10 grams for 999 purity in the evening trade on November 21. The metal had touched its recent peak earlier in the month, climbing to ₹1,26,554 per 10 grams on November 13, before gradually cooling. The latest decline suggests that buyers are now waiting for clearer cues from the central bank on whether monetary conditions will ease next month. A rate cut typically boosts gold demand by lowering opportunity costs, but the fading likelihood of such a move has slowed retail and wholesale interest.

Globally, the sentiment was also muted. Gold prices in the international spot market hovered close to US$4,056 per ounce, slipping slightly from the previous session. This global softness added to the downward pressure seen in domestic benchmarks.

Silver followed a similar direction but showed a sharper drop. Widely used in both industry and jewellery, silver was priced at ₹1,51,129 per kilogram for 999 purity in the evening session on November 21. This marked a significant fall from the afternoon price, where it traded near ₹1,55,840 per kilogram, indicating nearly a 2% decline within hours. In the global market, silver was trading just above US$50 per ounce, staying relatively subdued.

The combined movement of gold and silver highlights how sensitive bullion markets have become to policy expectations. With inflation still being watched closely and global monetary trends shifting, traders appear unwilling to take aggressive positions until the RBI clarifies its stance.

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Gold prices in India fell on Thursday, with MCX December futures trading around ₹1,22,373 per 10 grams, down from the previous close of ₹1,22,727. Silver also declined, slipping over 1% to ₹1,52,433 per kg in early trade.

Globally, spot gold eased 0.1% to $4,072.87 per ounce, while silver dropped about 0.5% to $50.35 per ounce. Analysts attributed the fall to stronger-than-expected U.S. non-farm payroll data, which showed 119,000 new jobs, and a rise in the unemployment rate to 4.4%.

The data suggested that the U.S. labor market remains resilient, reducing expectations of an imminent Federal Reserve rate cut. A stronger U.S. dollar also made bullion more expensive for holders of other currencies, adding further pressure on prices.

Market analysts expect gold to find support near ₹1,21,800–₹1,22,000 per 10 grams and resistance around ₹1,23,050–₹1,23,700, while silver may hold support near ₹1,52,350–₹1,53,050 per kg with resistance at ₹1,55,140–₹1,55,980.

Investors are closely watching global economic cues as bullion prices react to changing rate expectations and currency movements.

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Gold and silver prices in India rose slightly on Thursday. The price of 24-carat gold increased by ₹10 to ₹1,24,870 per 10 grams, while 22-carat gold rose to ₹1,14,460 per 10 grams.

Silver gained ₹100, trading at ₹1,68,100 per kilogram in Delhi, Kolkata, and Mumbai, with Chennai slightly higher at ₹1,76,100.

Globally, spot gold was up around 0.3% at US $4,092.98 per ounce and silver rose 0.4% to US $51.58 per ounce. Analysts said the gains are driven by anticipation of the upcoming US jobs report, which may influence the Federal Reserve’s interest-rate policy.

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On November 19, 2025, gold prices in India edged lower, while silver remained largely steady as investors stayed cautious.

24‑carat gold is trading at around ₹1,22,180 per 10 g, down from ₹1,22,924 the previous day, while silver (999 purity) is priced at ₹1,53,706 per kg.

In Delhi, 22‑carat gold is at ₹1,13,490 per 10 g and 24‑carat gold at ₹1,23,800 per 10 g. The modest decline in gold reflects uncertainty over global interest rate trends and subdued buying ahead of the wedding season.

Analysts say the dip may offer a short-term buying opportunity, but investors are advised to monitor international markets, currency movements, and domestic demand closely.

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Gold and silver prices in India fell on Tuesday. December gold futures dropped 1.14% to ₹1,21,521 per 10 g, while silver futures slipped 1.75% to ₹1,52,600 per kg.

The decline comes as the US dollar strengthened, making gold costlier for investors using other currencies. Expectations of a Federal Reserve interest rate cut in December have also diminished, reducing demand for safe-haven assets.

Analysts say gold has support around ₹1,21,780–1,22,350 per 10 g and resistance near ₹1,23,750–1,24,500 per 10 g. Silver support is at ₹1,52,100–1,53,850 per kg with resistance around ₹1,56,540–1,57,280 per kg.

Despite the dip, domestic demand remains steady, especially ahead of the wedding season, according to Aksha Kamboj, VP of the India Bullion & Jewellers Association. She suggests buyers could consider gradually entering the market during this price correction.

Investors are advised to monitor global developments closely, as gold and silver prices may continue to fluctuate in the short term.

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