Gold prices in India witnessed a significant upswing on Tuesday, November 25, propelled by growing anticipation of an interest rate reduction by the US Federal Reserve next month. The domestic futures market saw a robust rally, reflecting the positive sentiment among investors.
Market Rally: Gold and Silver Futures Climb
In the commodities market, MCX Gold December futures registered a strong gain of 0.85%, trading at ₹1,24,907 per 10 grams as of 9:08 PM. The rally was even more pronounced in silver, where MCX Silver December contracts jumped by 1.33% to reach ₹1,56,543 per kg.
According to data from India Bullions, the spot prices followed suit. The rate for 24-carat gold was quoted at ₹1,25,480 per 10 grams, while 22-carat gold was available at ₹1,15,023 per 10 grams. Silver (999 Fine) also saw heightened demand, with its price touching ₹1,57,130 per kg.
A Glittering Long-Term Performance
The day's gains are part of a much larger, impressive trend for the yellow metal. Over the past two decades, gold prices have skyrocketed by approximately 1,500%. To put this in perspective, an investment of ₹7,638 in 2005 would be worth over ₹1,25,000 as of September 2025.
This long-term bull run has been remarkably consistent, with gold delivering positive returns in 16 out of the last 20 years. The momentum has been particularly strong this year, with prices gaining an impressive 56% on a year-to-date (YTD) basis.
City-Wise Gold Price Breakdown
For retail buyers, the prices vary slightly from city to city. Here is a snapshot of the gold rates across major Indian urban centers for November 25. It is important to note that the final retail cost will be higher, as jewellers add making charges, taxes, and GST to these base prices.
Mumbai: 24K - ₹1,25,470; 22K - ₹1,15,014
Delhi: 24K - ₹1,25,290; 22K - ₹1,14,849
Kolkata: 24K - ₹1,25,340; 22K - ₹1,14,895
Ahmedabad: 24K - ₹1,22,580; 22K - ₹1,15,188
Bengaluru: 24K - ₹1,25,590; 22K - ₹1,15,124
Hyderabad: 24K - ₹1,25,610; 22K - ₹1,15,143
Chennai: 24K - ₹1,25,790; 22K - ₹1,15,308
The bullish trend in precious metals is being closely watched by global analysts, with some, like Robert Kiyosaki, warning of a potential major market crash and advocating for investments in safe-haven assets like gold, silver, and Bitcoin.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment.
