Gold Prices Continue Upward Rally Amid Global Optimism
The Indian gold market witnessed another surge on November 12, 2025, as both gold and silver prices climbed sharply, fueled by strong global trends and supportive domestic factors. According to recent updates, 24-carat gold is trading at ₹1,25,980 per 10 grams in Delhi, marking a steady rise across major cities like Mumbai, Chennai, and Jaipur.
Analysts attribute this rally to global economic shifts, including a potential interest rate cut by the U.S. Federal Reserve and easing concerns about a U.S. government shutdown. The combination of these factors has boosted investor sentiment and pushed both gold and silver prices upward.
The latest comments from Federal Reserve Governor Stephen Miran have played a crucial role in the recent rally. He hinted at a 0.50% interest rate cut to combat rising unemployment and sluggish inflation in the U.S. Such monetary easing typically weakens the dollar and makes gold more attractive as an investment, leading to a surge in its global and domestic value.
Additionally, concerns over global economic stability and renewed demand from jewelry and investment buyers have strengthened gold’s position as a safe-haven asset. With the festive and wedding season in full swing across India, demand for gold jewelry has also surged, further supporting prices.
Here’s a look at the latest gold prices (per 10 grams) in major Indian cities:
| City | 22-Carat Gold (₹) | 24-Carat Gold (₹) |
|---|---|---|
| Delhi | 1,15,510 | 1,25,980 |
| Mumbai | 1,15,360 | 1,25,850 |
| Ahmedabad | 1,15,410 | 1,25,880 |
| Chennai | 1,15,360 | 1,25,850 |
| Kolkata | 1,15,360 | 1,25,850 |
| Hyderabad | 1,15,360 | 1,25,850 |
| Jaipur | 1,15,510 | 1,25,980 |
| Bhopal | 1,15,410 | 1,25,880 |
| Lucknow | 1,15,510 | 1,25,980 |
| Chandigarh | 1,15,510 | 1,25,980 |
Across most metros, prices for 24-carat gold remain between ₹1,25,850 and ₹1,25,980 per 10 grams, while 22-carat gold averages around ₹1,15,400 to ₹1,15,500 per 10 grams.
Internationally, gold prices have been rising amid strong investor demand and geopolitical uncertainties. Major financial institutions are optimistic about gold’s long-term outlook:
Goldman Sachs projects gold prices could reach $4,900 per ounce by December 2026.
ANZ Bank anticipates that by mid-2026, gold could stabilize around $4,600 per ounce.
Such forecasts indicate continued confidence in gold as a hedge against inflation and market volatility, prompting Indian investors to increase their exposure to the metal.
It’s not just gold that’s shining — silver prices have also surged, mirroring the trend in precious metals. On November 12, silver traded at ₹1,60,100 per kilogram, marking a sharp increase compared to the previous week. The rise is attributed to both industrial demand and festive buying, as silver continues to play a dual role — in jewelry and technology.
Experts suggest that as long as inflation remains subdued and interest rates continue to ease globally, both gold and silver will maintain upward momentum in the coming months.
Gold prices in India surged again, reaching ₹1,25,980 per 10 grams (24K) in Delhi.
The rise is driven by global rate-cut expectations and strong local demand.
Silver prices also gained, standing at ₹1,60,100 per kg.
Goldman Sachs and ANZ Bank forecast gold could hit new record highs by 2026.
With international markets turning bullish and the festive season keeping domestic demand strong, gold and silver are expected to remain in an upward trend through the end of 2025. Investors and jewelry buyers alike are advised to stay informed, compare city-wise rates, and make timely decisions as the precious metals market continues to glitter.
