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Gold prices surged on November 29 amid expectations of a US Fed rate cut next month. 24K gold is trading above ₹1.27 lakh per 10 grams in Mumbai, Delhi, Bengaluru, and other major cities, while 22K gold is over ₹1.16 lakh. Silver prices also saw a slight rise.
24K, 22K Gold Prices Today in Major Indian Cities
New Delhi: Gold prices rose on Friday and continued their upward trend on Saturday, November 29. In the domestic futures market, the MCX Gold December contract rose 1.13% to close at ₹1,26,920 per 10 grams. Similarly, the MCX Silver March contract rose 0.21% to close at ₹1,75,340 per kg. This rise in the market was due to expectations of an interest rate cut by the US Federal Reserve next month.
At 6:55 am on Saturday, the price of 24-carat gold was ₹1,27,580 per 10 grams, while 22-carat gold was trading at ₹1,16,948 per 10 grams. The rate of 999 fine silver was ₹1,72,740 per kg. Gold prices have increased by nearly 1,500% over the past 20 years, rising from ₹7,638 in 2005 to over ₹1,25,000 in 2025. During this period, gold has delivered positive returns in 16 years, registering a year-to-date increase of 56%.
According to city-wise rates, 24-carat gold in Mumbai is ₹1,27,350 and 22-carat gold is ₹1,16,738 per 10 grams. In Delhi, 24-carat gold is ₹1,27,130 and 22-carat gold is ₹1,16,536 per 10 grams. In Kolkata, 24-carat gold is trading at ₹1,27,180 and 22-carat gold at ₹1,16,582 per 10 grams.
In Ahmedabad, 24-carat gold is trading at ₹1,27,520 and 22-carat gold at ₹1,16,893. In Bengaluru, 24-carat gold is trading at ₹1,27,450 and 22-carat gold at ₹1,16,921 per 10 grams. In Hyderabad, 24-carat gold is trading at ₹1,27,550 and 22-carat gold at ₹1,15,143, while in Chennai, 24-carat gold is trading at ₹1,27,720 and 22-carat gold at ₹1,17,077 per 10 grams.
Silver prices also saw a slight increase. Silver bullion in Mumbai is trading at ₹1,72,430 per kg, and MCX Silver 999 at ₹1,71,850 per kg. Silver bullion in Delhi closed at ₹1,72,130, and MCX Silver 999 at ₹1,71,850 per kg. Silver is trading at ₹1,72,200 per kg in Kolkata, ₹1,72,660 in Ahmedabad, ₹1,72,570 in Bengaluru, ₹1,72,700 in Hyderabad, and ₹1,72,930 per kg in Chennai.
Experts say that international markets, US interest rate policies, and domestic demand influence gold and silver prices. Customers are advised to consider city-wise rates and jeweler making charges, GST, and taxes when purchasing gold. Investors can earn better returns by holding gold for a longer period, while hobby buyers should buy based on freshness and prices.
Both gold and silver are considered safe investment options at this time, especially amid economic uncertainties and inflation.
