Gold Rate in India On Way To Reclaim Rs 1.3 Lakh Mark; Will 24K, 22K and 18K Gold Rise Further? 12 Nov Outlook

Gold Rate in India: Holding on to its past gains, the gold rate in India witnessed a sharp jump on Tuesday, with 24 karat gold prices jumping above Rs 1.25 lakh/10 grams. Silver rate in India also followed the trend and continued to rise. As the gold prices are re-entering their bullish territory, all eyes will be on the gold price movement on Wednesday, November 12.

Gold prices in India witnessed a sharp correction in the second half of October and in the first week of November. But the prices are now recovering, with some experts hoping that gold rates may cross Rs 1.5 lakh mark in the coming few months.

Gold Rate in India

The price of gold in India has increased significantly over the past few months. The price of 24 karat gold in India increased to Rs 12,584 per gram on Tuesday. Likewise, the price of 22 karat gold in India surged by Rs 185 per gram to Rs 11,535 per gram. The rate of 18 karat gold in India jumped around Rs 151 per gram to Rs 9,438 per gram.

Silver Rate in India

The prices of silver in India has increased significantly since the beginning of the year 2025. Silver rate in India jumped to Rs 160 per gram to Rs 1,60,000 per kilogram. Silver price rally over the past few months has come against the backdrop of strong industrial demand and supply side bottlenecks.

Gold, Silver MCX

Gold futures with December expiry were trading at Rs 1,24,898 per 10 gram on Tuesday at 7 pm. Whereas, the Silver futures with December expiry were trading at Rs 1,55,412 per kilogram. Meanwhile, the international gold prices increased to $ 4,130 per ounce as investors remained cautious due to extended US shutdown, tariff uncertainty, and lack of clarity due to delay in macroeconomic data on Tuesday, as per Trading Economics.

Gold, Silver Outlook

Gold prices may see a range-bound movement on Wednesday, November 11. However, extended US shutdown, US-CHina trade deal, dollar movement, etc may impact the gold and silver prices.

In the long-term, gold is likely to continue its upward trend. "The Gold target levels on the upside are at US$ 4368 and US$ 4600. While, below US$ 4000, the support levels are at US$ 3890, and US$ 3510," as per Emkay Wealth's technical analysis.

"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," added the brokerage in its report.