Gold Rates In India Is Away Rs 69,300/100 Grams From Record Highs; 24K, 22K, 18K Gold Prices Weekly Outlook

Gold rates in India recorded a bearish last week, tracking selling pressures in the international market as expectations of a US Federal Reserve rate cut dimmed. As of now, the 10-gram gold price in 24 carat is away by Rs 6,930, and 100 grams is less than Rs 69,300 from the record high touched before the Diwali festival in October. Overall, in the month of November, 24-carat, 22-carat, and 18-carat gold prices are up by 2.31%. During the last trading week of the month, MCX gold is expected to range from Rs 116,000 to Rs 125,000 per 10 grams, and the silver rate is expected to be between Rs 142,000 and Rs 162,000 per 1 kg. Accordingly, the volatility will continue.

Gold Rates In India:

24 carat gold price stood at Rs 1,25,840 per 10 grams and 100 grams gold rate is at Rs 12,58,400.

That being said, 10 grams of 24 carat is less than Rs 6,930 from the all-time high of Rs 1,32,770 per 10 grams that was touched on October 17. Accordingly, 100 grams gold price is Rs 69,300 from away peak level of Rs 13,27,700.

Apart from this, as of November 23, 2025, 22 carat gold price stood at Rs 1,15,350 and 100 grams in the same is at Rs 11,53,500.

Under 18 carat, 10 grams gold rate is at Rs 94,380 and 100 grams at Rs 9,43,800.

According to analysts at SMC Global Securities, the broader market experienced a decline across asset classes, including a significant retreat in cryptocurrencies, with Bitcoin falling below $87,000, and generalized weakness in equities and some commodities in recent weeks. However, the bullion counter showed some resilience, limiting its decline due to consistent demand for its safe-haven status.

Additionally the analysts highlighted that Key market uncertainty stemmed from the delayed and volatile US economic data following a federal government shutdown. The significantly delayed September 2025 nonfarm payrolls data, released in late November, came in better than a revised August figure (which was a loss of 4,000 jobs) by adding 119,000 jobs, though the unemployment rate rose to 4.4%. Crucially, the October 2025 jobs data was not released due to the shutdown, creating a data vacuum that fuelled market uncertainty.

Silver Rates In India:

Silver price in 1Kg is at Rs 1,64,000, while 100 grams and 10 grams silver are at Rs 16,400 and Rs 1,640. The cheapest silver is priced at Rs 164 per 1 gram.

As per Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions, silver has become more volatile than gold because it occupies a position between a safe-haven for precious metals and industrial demand and therefore reacts more dramatically to releases of economic data. Unlike gold, close to 55-60% of silver demand is for industrial applications like solar, electronics, and especially EVs, meaning any changes in manufacturing demand, PMI numbers, or supply chain expectations can result in bigger swings.

Gold & Silver Rates Weekly Outlook:

Despite the general market turbulence, according to SMC analysts, safe-haven flows pushed gold to hold levels above $4,000 per ounce and propelled silver to temporarily breach the $50 per ounce mark in recent trading history. Chicago Fed President Austan Goolsbee repeated he is "uneasy" about frontloading interest-rate cuts, particularly with progress on inflation towards the Fed's 2% goal looking to have stalled and starting to go the wrong way. Cleveland Fed President Beth Hammack warned that cutting rates further right now carries a wide range of risks for the economy.

Looking ahead, SMC analysts added, traders anticipate that the yellow metal may trade in the COMEX range of $3,900-$4,150 per ounce, while silver is projected to trade between $45-$55 per ounce; on the MCX, Gold is expected to range from ₹1,16,000-₹1,25,000 per 10 grams and silver between ₹1,42,000-₹1,62,000 per kg.

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