Gold Rates In India Nears PEAK, 100 Grams Jump Rs 13,600 On Nov-29: Check 24K, 22K, 18K Gold Prices Here

Gold rates in India are nearing their peak ahead of wedding season. Rising for two consecutive days, the 10-gram gold rate is now closer to hit Rs 1.3 lakh mark in 24 carat. The big wedding season broadly kicks off in November and continues till March across the country. During this time, the demand for gold and jewelry is expected to be high. As per experts, the latest trend in gold is signalling a fresh bullish phase going ahead. Hence, it will be keenly watched if the gold price crosses a new peak by next week, as the Indian equity market has already factored in fresh lifetime highs this week.

Gold Rates In India:

24 Carat Gold Prices:

10 grams gold rate surged by Rs 1,360 to Rs 1,29,920 on Saturday, while 100 grams gold price soared by a whopping Rs 13,600 to Rs 12,98,200. Notably, this is the second consecutive upside in bullion.

In the previous day, 100 grams and 10 grams gold rate climbed by Rs 7,100 and Rs 710 respectively.

From November 28-29, 100 grams and 10 grams gold price has skyrocketed by Rs 20,700 and Rs 2,070 in 24 carats.

Apart from this, 8 grams and 1 gram gold prices are at Rs 1,03,856 and Rs 12,982 respectively. The prices surged by Rs 1,088 and Rs 136 on November 29.

22 Carat Gold Prices:

Gold prices in 22 carat climbed by Rs 12,500 to Rs 11,90,000 per 100 grams, while 10 grams surged by Rs 1,250 to Rs 1,19,000. Additionally, 8 grams and 1 gram gold price soared by Rs 1,000 and Rs 125 to Rs 95,200 and Rs 11,900 respectively.

18 Carat Gold Prices:

Under 18 carat, 10 grams gold price rallied by Rs 1,030 to Rs 97,370, 100 grams surged by Rs 10,300 to Rs 9,73,700, 8 grams climbed by Rs 824 to Rs 77,896 and 1 gram price was up by Rs 103 to Rs 9,737.

What Is Impacting Gold & Silver Rates?

As per Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions, gold and silver rose to over two-week highs, as the dollar declined and the opportunity cost of storing bullion decreased due to predictions of a looser US policy. Three more cuts are expected before the end of 2026, and markets currently price in an 85% chance of a 25-bps cut in December, a significant increase from approximately 30% a week ago.

Silver Rates In India:

Just like gold, silver rates in India also saw mega jump by Rs 9,000 to Rs 1,85,000 per 1Kg on Saturday. The price of 100 grams and 10 grams silver is also higher by Rs 900 and Rs 90 to Rs 18,500 and Rs 1,850. Furthermore, the cheapest silver is at Rs 185.

Gold & Silver Price Outlook:

Here are the key outlooks for next week on major gold and silver prices as per Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealthtech firm:

COMEX Gold Futures:

COMEX Gold has broken out of its symmetrical triangle slope resistance, confirming the start of a fresh bullish phase. Immediate resistance is seen near $4,286, and a sustained close above this level can extend the rally toward $4,300-$4,400. As long as Gold holds above the rising slope support near $4,200, the broader structure remains constructively bullish. However, a slip below $4,200 may lead to a corrective retest toward $4,080. Overall, the current structure clearly signals that volatility expansion on the upside is approaching fast.

COMEX Silver Futures:

COMEX Silver has confirmed a decisive structural breakout after marking a fresh lifetime high above the long-term ascending channel near $57, firmly establishing leadership across the global metals complex. The rally is backed by aggressive short-covering, strong momentum, and consistent higher-high formations, with the next upside trajectory now opening toward $58-$60-$65. The earlier resistance at $55.50 has clearly turned into a strong support base, while deeper demand remains positioned at $53.80-$52.80, keeping the bullish structure firmly intact.

MCX Gold Price:

MCX Gold is approaching a critical resistance zone near Rs.1,27,800. A decisive daily close above this level can trigger a major upside move toward Rs.1,29,000- Rs.1,30,500 in the coming week. On the downside, immediate support is placed near Rs.1,25,300, with a stronger demand base in the Rs.1,25,000- Rs.1,24,400 region. The broader bullish structure remains fully intact, keeping the medium-term trend firmly positive.

MCX Silver Price:

MCX Silver futures have also broken into fresh lifetime highs near Rs.1,72,099, confirming a strong trend shift supported by healthy accumulation. Immediate resistance is placed between Rs.1,73,500- Rs.1,75,000. A clean breakout above this zone can drive prices toward Rs.1,78,000- Rs.1,80,000 in the coming sessions. Strong support remains in the Rs.1,70,000- Rs.1,65,300 region. As long as Silver holds above this support band, the broader bullish trend stays firmly intact.

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