Gold Sparkles Again: Rate-Cut Hopes and Strong Demand Push Prices Higher Across India

Image from India TV News

Gold prices extended their upward momentum during early trade on 26 November, building on the strong 1% surge from the previous session. Renewed buying in the spot market and rising expectations of a U.S. Federal Reserve rate cut have pushed the precious metal higher.

As of 10:50 am, MCX Gold December futures were up 0.58% at ₹1,25,953 per 10 grams, while MCX Silver December futures advanced 1.21% to ₹1,58,219 per kg.According to India Bullions, 24-carat gold stood at ₹1,26,690 per 10 gm and 22-carat at ₹1,16,133 per 10 gm, with silver priced at ₹1,58,950 per kg.

Gold’s Stunning 20-Year Performance

Over the past two decades, gold prices have skyrocketed 1,200%, jumping from ₹7,638 in 2005 to more than ₹1,25,000 in 2025. The metal has posted gains in 16 out of the last 20 years, and is already up 56% year-to-date, underscoring its reputation as one of the most consistent wealth protectors.

Below are the latest gold and silver prices across major Indian cities on 26 November. Final billing rates may vary depending on jeweller making charges, taxes, and GST.

Gold & Silver Prices – City-Wise (26 November)

Mumbai

• 24K Gold: ₹1,26,460/10 gm

• 22K Gold: ₹1,15,922/10 gm

• MCX Gold: ₹1,26,060/10 gm

• Silver Bullion: ₹1,58,660/kg

• MCX Silver 999: ₹1,58,660/kg

Pune

• 24K Gold: ₹1,126,370/10 gm

• 22K Gold: ₹1,15,839/10 gm

• MCX Gold: ₹1,25,974/10 gm

• Silver Bullion: ₹1,58,730/kg

• MCX Silver 999: ₹1,58,730/kg

New Delhi

• 24K Gold: ₹1,26,150/10 gm

• 22K Gold: ₹1,15,638/10 gm

• MCX Gold: ₹1,25,974/10 gm

• Silver Bullion: ₹1,58,460/kg

• MCX Silver 999: ₹1,58,460/kg

Kolkata

• 24K Gold: ₹1,26,200/10 gm

• 22K Gold: ₹1,15,683/10 gm

• MCX Gold: ₹1,25,974/10 gm

• Silver Bullion: ₹1,58,520/kg

• MCX Silver 999: ₹1,58,520/kg

Ahmedabad

• 24K Gold: ₹1,26,540/10 gm

• 22K Gold: ₹1,15,995/10 gm

• MCX Gold: ₹1,25,974/10 gm

• Silver Bullion: ₹1,58,940/kg

• MCX Silver 999: ₹1,58,940/kg

Bengaluru

• 24K Gold: ₹1,26,510/10 gm

• 22K Gold: ₹1,15,968/10 gm

• MCX Gold: ₹1,26,019/10 gm

• Silver Bullion: ₹1,58,850/kg

• MCX Silver 999: ₹1,58,850/kg

Hyderabad

• 24K Gold: ₹1,26,610/10 gm

• 22K Gold: ₹1,16,059/10 gm

• MCX Gold: ₹1,26,019/10 gm

• Silver Bullion: ₹1,58,970/kg

• MCX Silver 999: ₹1,58,970/kg

Chennai

• 24K Gold: ₹1,26,780/10 gm

• 22K Gold: ₹1,16,215/10 gm

• MCX Gold: ₹1,26,019/10 gm

• Silver Bullion: ₹1,59,180/kg

• MCX Silver 999: ₹1,59,180/kg