Sharp fluctuations are being seen in the prices of gold and silver in India. According to the Friday closing rates of the Jewelers Association, 24 carat gold closed at Rs 126591 per 10 grams. Due to the market being closed on weekends, the same prices will remain applicable on Saturday and Sunday also.
According to IBJA, 23 carat gold was at Rs 126084 per 10 grams, 22 carat gold was at Rs 115957 per 10 grams, 18 carat gold was at Rs 94943 per 10 grams and 14 carat gold was at Rs 74056 per 10 grams. Silver of 999 purity closed at Rs 164359 per kg.
Gold prices increased for the fourth consecutive day
A sharp rise in gold prices was recorded in Delhi’s bullion market on Friday. Due to strength in global markets and increasing interest from investors, 24 carat gold rose by Rs 700 to Rs 130160 per 10 grams. Gold of purity 99.5 percent increased by Rs 700 and closed at Rs 129560 per 10 grams. Silver also remained bullish for the 4th consecutive session and jumped by Rs 3000 to Rs 171200 per kg. On Monday, silver was Rs 155000 per kg, which has become costlier by Rs 16200 in 4 days.
In the international market, spot gold increased by 0.30 percent to $ 4169.88 an ounce, while spot silver increased by 0.77 percent to $ 53.81 an ounce. This was the 5th consecutive bullish day for silver
Heavy trading in MCX futures market
In MCX, the futures price of gold for December delivery registered a rise of Rs 596 and reached Rs 126100 per 10 grams. 4496 lots were traded in this. Contracts for delivery in February 2026 rose by Rs 669 to Rs 128336 per 10 grams with a deal of 10370 lots.
There was also a rise in silver futures contracts. Silver for December delivery increased by Rs 1183 to Rs 163650 per kg with a turnover of 5799 lots. Silver for delivery in March 2026 increased by Rs 1373 to Rs 167360 per kg and 15578 lots were traded. The attitude remained strong at the international level also. Comex gold rose by 0.53 percent to $ 4187.4 an ounce and silver by 1.71 percent to $ 53.82 an ounce.
Federal Reserve’s expectations increased gold’s shine
According to Saumil Gandhi, senior analyst at HDFC Securities, expectations of interest rate cut by the Federal Reserve in December have given strong support to gold.
He said that the stable dollar and possibilities of rate cuts strengthened gold throughout the week. According to Praveen Singh, Head of Commodity, Mirae Asset Sharekhan, the soft stance of the Federal Reserve officials has increased the interest of investors in gold due to which spot gold remains strong.