Gold and silver prices in India continued their sharp upward rally on 29 November 2025, with 24K, 22K and 18K gold rates rising across major cities amid strong global cues
Mumbai: Gold prices in India recorded another strong rise on Saturday, 29 November 2025, following a significant rally earlier in the week. The surge in precious metal prices has pushed 24K, 22K and 18K gold rates closer to their record highs, creating added pressure on retail jewellery buyers during the peak wedding season.
On Friday, 28 November, the price of 24K gold increased by ₹71 per gram to ₹12,846 per gram. The rate of 22K gold rose to ₹11,775 per gram after a jump of about ₹65 per gram, while 18K gold advanced by roughly ₹53 per gram to ₹9,634 per gram. Silver also continued its strong upward movement, with the price reaching ₹176 per gram and ₹1,76,000 per kilogram.
The recent rally in both gold and silver is being driven by higher international prices, supported by expectations of a US Federal Reserve rate cut. With the week nearing its end and commodities trading shut for the weekend, gold prices in India are expected to remain broadly stable on Saturday. However, analysts note that a minor correction may occur following the steep gains recorded in the past three sessions.
According to experts, gold remains a preferred long-term asset for investors, supported by stability in the foreign exchange market. Market analysts also observe that MCX Gold has formed a strong support zone near ₹1,21,000–₹1,23,000, with an upper resistance band expected around ₹1,28,000–₹1,30,000. Any price dips within this range are likely to be viewed as potential buying opportunities.
Across major Indian cities, 24K gold prices ranged between ₹12,846 and ₹12,916 per gram on 29 November, while silver prices varied from ₹1,760 to ₹1,830 per 10 grams depending on local premiums.
Below are city-wise gold and silver prices for 29 November 2025:
Gold Prices (per gram):
| City | 24K (₹) | 22K (₹) | 18K (₹) |
|---|---|---|---|
| Chennai | 12,916 | 11,840 | 9,875 |
| Mumbai | 12,846 | 11,775 | 9,634 |
| Delhi | 12,861 | 11,790 | 9,649 |
| Kolkata | 12,846 | 11,775 | 9,634 |
| Bangalore | 12,846 | 11,775 | 9,634 |
| Hyderabad | 12,846 | 11,775 | 9,634 |
| Trivandrum | 12,846 | 11,775 | 9,634 |
| Kochi | 12,846 | 11,775 | 9,634 |
Silver Prices (per 10 grams):
| City | Price (₹) |
|---|---|
| Chennai | 1,830 |
| Mumbai | 1,760 |
| Delhi | 1,760 |
| Kolkata | 1,760 |
| Bangalore | 1,760 |
| Hyderabad | 1,830 |
| Trivandrum | 1,830 |
| Kochi | 1,830 |
Gold and silver prices maintained their upward momentum on 29 November 2025, supported by strong global market cues. The price of 24K gold in India rose to ₹12,846 per gram after gaining ₹71 per gram on Friday. At the same time, 22K gold increased to ₹11,775 per gram, and 18K gold climbed to ₹9,634 per gram.
Silver prices also surged, reaching ₹176 per gram and ₹1,76,000 per kilogram. The continued rise in precious metal prices comes amid expectations of an upcoming US Federal Reserve rate cut and increased investor demand. Domestic prices across Indian cities showed minor variations depending on local taxes and premiums.
Trading activity in commodities remains shut on Saturday due to the weekend, meaning gold and silver rates are likely to remain steady for the day. However, analysts suggest that a short-term correction is possible after the strong upward movement seen this week. Market commentary indicates that gold is increasingly being viewed as a long-term hedge, with technical charts showing strong support at ₹1,21,000–₹1,23,000 on the MCX.
(Disclaimer: Gold and silver prices mentioned above are based on available market data from jewellers and bullion associations in major Indian cities. Actual rates may vary depending on local taxes, making charges and individual retailer pricing. Readers are advised to verify rates with their local jeweller before making any purchase. This article is for informational purposes only and does not constitute financial advice.)
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