Gold Rate in India Makes A Strong Comeback! Will 24K, 22K, 18K Gold Stay Strong Or Lose Ground? 11 Nov Outlook

Gold Rate in India: The prices of gold in India started the week on a strong note. The 24K, 22K, and 18K gold prices saw a sharp jump on Monday, eliminating hopes of further correction in gold prices. The rebound in gold prices coincided with a surge in silver prices in India. As precious metals remain an important asset class for investors, all eyes will be on the gold and silver price movement on Tuesday, November 11.

The prices of gold in India have surged significantly since the beginning of the year 2025. The yellow metal has rallied over 55% in 2025 so far. Silver prices, too, have jumped significantly since the beginning of the year. For the gold rate in India on Tuesday, a range of factors, including the development around the US shutdown, dollar performance, and updates on trade tariffs, will be in focus.

Gold Rate in India

The prices of 24 karat gold in India increased by Rs 180 per gram to Rs 12,382 per gram on Monday. Likewise, the rate of 22 karat gold in India surged by Rs 165 per gram to Rs 11,350 per gram. The rate of 18 karat gold in India jumped by Rs 135 per gram to Rs 9,287.

Silver Rate in India

The price of silver in India also showcased bullish momentum on Monday. Silver rate in India surged to Rs 157 per gram and to Rs 1,57,000 per kilogram. Silver rate has increased significantly since the beginning of the year 2025.

Gold, Silver Rate MCX

Gold futures with December expiry closed at Rs 121067 per 10 gram on Monday. Whereas silver futures with December expiry closed at Rs 147728 per kilogram. Meanwhile, the international gold rate increased to $4,080 per ounce on Monday, according to Trading Economics.

The rate of precious metal surged amid growing expectations of another US Federal rate cut next month. Additionally, there is a growing concern about US shutdown among investors.

Gold, Silver Price Outlook

The prices of gold may see another rise on Tuesday following the trend in international gold rates. In the long-term gold prices may see surge due to the ongoing geopolitical and macroeconomic conditions.

"Gold opened the week on a firmer note, hovering close to $4,050 per ounce in early Asian trade as investors positioned for potential U.S. monetary easing. Weak labor market signals have reinforced expectations that the Federal Reserve may trim rates in December, lending support to the precious metal. The sharp increase in job cuts-over 150,000 reported in October, the highest in more than two decades, underscored a cooling employment environment," explained Riya Singh - Research Analyst, Commodities and Currency, Emkay Global Financial Services.

"Market sentiment further shifted after the University of Michigan's Consumer Sentiment Index fell to 50.3 in November, its lowest level since mid-2022, reflecting growing unease over the U.S. economic outlook. These developments collectively pressured the dollar and Treasury yields, bolstering bullion's appeal as a hedge against economic uncertainty," Singh added.

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