Gold rates in India give up previous gaining momentum and fall significantly on November 20, 2025. The 24-carat gold price in 10 grams is down by Rs 170, and 100 grams is lower by Rs 1,700. Meanwhile, MCX gold erased its Rs 1.23 lakh mark and traded marginally down. On the other hand, silver rates saw a mixed trend. Silver futures were up at MCX, but prices at retail stores they fell sharper than gold. The sentiment in precious metals is swayed due to lower expectations of rate cuts and upcoming job data. Also, a renewed bullish tone in equity markets also added to volatility in gold and silver.
100 grams gold price dropped by Rs 1,700 on November 20 to Rs 12,46,900, while 10 grams gold price slipped by Rs 170 to Rs 1,24,690, and 8 grams is down by Rs 136 to Rs 99,752. The cheapest gold price is at Rs 12,469, a dip of Rs 17 from previous day.
22 Carat Gold Prices:
Meanwhile, gold rates in 22 carat also plunged by Rs 1,500 to Rs 11,43,000 per 100 grams, and 10 grams dipped by Rs 150 to Rs 1,14,300. Additionally, 8 grams gold is lower by Rs 120 to Rs 91,440 and 1 gram gold is lower by Rs 15 to Rs 11,430.
18 Carat Gold Prices:
Under 18 carat, 100 grams gold stood at Rs 9,35,200 which was down by Rs 1,200. In case of 10 grams, the price slipped by Rs 120 to Rs 93,250, 8 grams is down by Rs 96 to Rs 74,816 and 1 gram is lower by Rs 12 to Rs 9,352.
What Is Impacting Gold Prices?
Analysts at Axis Securities explained that comex Gold experienced heightened volatility in the last session. Prices briefly surged past the $4,100 mark amid escalating geopolitical tension. However, the metal pared gains following the release of minutes from the Federal Reserve's latest meeting, as market participants turned their attention to upcoming economic data for further clues on the U.S. interest rate trajectory. Traders are now focusing on this week's non-farm payroll data.
Gold rates in India are also tracking the trends in global market. However, demand for precious metals remain strong.
According to Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), while concerns about getting interest-rate cuts globally have decreased, the demand for the yellow metal remains strong. Jewellery purchases are expected to increase moderately due to weddings, and investors should look at gold as a hedge against uncertainty.
Silver rates in India, on the other hand, underperformed gold in bearish trend. 1Kg silver price crashed by Rs 3,000 to Rs 1,65,000, while 100 grams and 10 grams silver is at Rs 16,500 and Rs 1,650 down by Rs 300 and Rs 30. The cheapest silver is at Rs 165 per 1 gram.
What Is Impacting Silver Prices:
Explaining further, Kamboj said, Global cues remain mixed and there will likely be volatility; however, the white-metal market is holding steady. The increase indicates a slight positive shift in sentiment due to domestic buying for jewellery and investment. While it is a small bump, a combination of safe-haven demand and seasonal interest will help support silver's present levels.
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