Gold Rate In India On Fire! 24K Up Rs 6,630 in 5 Days; What’s Next on Bihar Poll Result Day? 14 Nov Outlook

Gold Rate in India: Gold prices in India climbed to a three-week high on Thursday, November 13, tracking a rebound in international markets. The rally was driven by the resolution of the US government shutdown and anticipation ahead of key US economic data releases.

In the domestic market, 24-karat gold surged by around Rs 6,630 per 10 grams over the past five days. Silver prices also recorded notable gains. Investors are now watching Friday's session closely, which coincides with the announcement of the Bihar Election Result 2025.

Gold Rate in India

The price of 24 karat gold in India increased from around Rs 314 per gram to Rs 12,865 on Thursday, November 13. Whereas, the rate of 22 karat gold in India jumped from around Rs 285 per gram to Rs 11,790 per gram. The rate of 18 karat gold in India surged from around Rs 234 per gram to Rs 9,647 per gram. The gold price in India has increased by around 50% year to date since the beginning of the year.

Silver Rate in India

The price of silver in India has increased significantly since the beginning of the year 2025. Silver rate in India on Thursday increased to Rs 173 per gram and to Rs 1,73,000 per kilogram. The massive jump in silver prices has come against the backdrop of rising industrial demand and supply-side crunch.

Gold, Silver MCX

Gold futures with December expiry closed at Rs 126464 er 10 gram on Thursday. Whereas, silver futures with December expiry closed around Rs 162091 per kilogram. The international gold prices increased above $4,230 per ounce on Thursday, according to Trading Economics.

Gold, Silver Price Outlook

The prices of gold in India are likely to remain volatile on Friday, November 14. "On technical basis, the Gold target levels on the upside are at US$ 4368 and US$ 4600 per ounce. While, below US$ 4000, the support levels are at US$ 3890, and US$ 3510," noted Emkay Wealth Management in its report.

"Gold prices touched US$ 4368 in the last up move in prices earlier in Oct 25, and later the prices moved down to a shade lower than US$ 4000 by end Oct 25. The recent slide in gold from the peak levels to US$ 4000 is occasioned by the slight appreciation in the US Dollar against major currencies to the tune of 1.40 % in the last one month," the brokerage added.

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