Gold Rate In India Below Rs 1.25 Lakh; Is Gold Gearing Up For Meteoric Rise to Rs 1.5 Lakh? 10-15 Nov Outlook

Gold Rate in India: Gold prices in India continued to trade in a narrow range this week, as investors awaited a clear trigger to break the metal's sideways movement. While positive cues such as progress in US-China trade talks and fading hopes of further rate cuts lent some stability, concerns over the prolonged US shutdown and renewed trade tariff tensions kept sentiment in check, holding gold steady within the Rs 1.20-Rs 1.25 lakh/10 gram range.

A host of factors, including US-China improved ties, macroeconomic data release, US Shutdown resolution, etc, can impact the gold prices movement significantly in the coming week, ie 10 November to 15 November. Additionally, industrial demand and supply side bottlenecks may also impact the silver rate in India next week. Here are all the details you need to know about gold prices outlook for next week.

Gold Rate in India

The price of 24 karat gold in India remained stable at Rs 12,202 per gram on Sunday, 9 November. Whereas the rate of 22 karat gold in India remained at Rs 11,185 per gram. Meanwhile, the rate of 18 karat gold in India stood at Rs 9,152 per gram. Gold prices in India have corrected significantly over the past two weeks, but gold rates have still made around 50% jump since the beginning of the year 2025.

Silver Rate in India

The price of silver in India remained unchanged on Sunday. Silver rate in India stood at Rs 152.5 per gram and at Rs 1,52,500 per kilogram. The price of silver in India has increased phenomenally over the past few months. The silver price rally was fuelled by strong industrial demand and supply side bottlenecks.

Gold, Silver MCX

Gold futures with December expiry closed at Rs 121067 per 10 gram on Friday, November 7. Whereas, the silver futures with December expiry closed at Rs 147728 per kilogram. The international gold rate were recorded at $4,010 per ounce on Friday, according to Trading Economics.

Gold, Silver Price Outlook

The prices of gold in India may continue to hover in a range-bound manner, but factors like further extension of the US shutdown, delay in the release of macroeconomic data, and dovish US Fed comments could spark a phenomenal rally in gold prices. In contrast, positive developments in US-China trade talks, easing geopolitical tensions, could trigger another round of price correction.

"Gold prices firm amidst the complex global backdrop of shifting monetary expectations and geopolitical caution. The yellow metal, which tested key levels near $4,070, has near-term resistance around $4,120, suggesting the rally may pause for breath ahead of its next move. While safe-haven demand remains intact, the broader tone across markets seems to be one of measured restraint rather than exuberance," explained Ross Maxwell, Global Strategy Lead at VT Markets.

"Meanwhile, silver continues to shadow the path of gold higher but struggles for gains upon reaching levels near $49.85-$50.50. Traders are disinclined to forcefully chase prices without clearer signals provided by the forthcoming U.S. inflation data and dollar trends. Its role as both an industrial and investment asset has kept the metal sensitive to any shifts in global growth sentiment," Maxwell added.

Will Gold Prices Touch Rs 1.5 Lakh/10 Gram?

The stable prices of gold over a week can be an indication of strength beneath the surface and may lead to another rally, argued Harshal Dasani, Business Head, INVasset PMS. He believes that gold may remain stable over the coming weeks, but there could be a significant surge in rates by the end of 2025.

While, gold may try to break its all-time high levels in the next to months, a phenomenal gold price rally is unlikely next week.

"Gold has spent the entire week anchored above $4,000, forming a tight consolidation base that signals strength beneath the surface. With every close holding firm, the metal looks primed to retest and possibly break its all-time high near $4,400 before year-end. The surge is being driven by robust physical demand - led by China's continued reserve buildup and Poland's aggressive accumulation - alongside an important structural shift in the market: spot prices are now quoting higher than futures, a clear sign that demand for physical gold outweighs paper-market positions," stated Harshal Dasani.

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