Archive · 29 Nov 2025
Gold Dips, Silver Rises Amid Market Trends
On November 28, 2025, gold prices saw a small drop, while silver prices continued to rise.
In most cities, 10 grams of 22K gold jewelry costs between Rs 1,33,000 and Rs 1,36,000, including extra charges like making fees and taxes.
Silver is expected to reach Rs 1,80,000 per kilogram by the end of the year due to strong industrial demand, especially from solar and electric vehicle industries.
The wedding season and the recent Dhanteras festival are also driving demand.
Additionally, the US Federal Reserve is likely to cut interest rates in December, which could affect gold and silver prices.
The domestic stock market indices, Sensex and Nifty 50, reached new highs, but experts believe that both equities and precious metals can rise together due to various economic factors.
Silver prices in global markets edged closer to their all-time high, buoyed by firm industrial demand and expectations of a US Fed rate cut.
Gold prices dipped slightly on November 28, 2025, with 10 grams of 22K jewelry costing Rs 1,33,000–1,36,000 in most cities.
Silver prices rose by Rs 400 per kilogram and are projected to reach Rs 1,80,000 per kilogram by year-end due to industrial demand.
Making charges for jewelry range from 5% to 15%, while coins and bars have no making charges.
Hallmarking fees range from Rs 45 to Rs 200 per item, and local taxes/transport costs in Chennai and southern cities are Rs 30–60 higher.
The wedding season, Dhanteras festival, and expected US Fed rate cuts in December are key factors influencing gold and silver prices.
- Who
- Investors, jewelers, and consumers in major Indian cities, global markets
- What
- Minor dip in gold prices, steady rise in silver prices amid market trends
- When
- November 28, 2025
- Where
- Delhi, Mumbai, Chennai, and other major cities in India, global markets
- Why
- Market fluctuations, wedding season demand, expected US Fed rate cuts, industrial demand, and global economic factors
- Gold Price (22K, 10g)
- Rs 1,33,000–1,36,000
- Silver Price (1kg)
- Rs 1,80,000 (projected)
- Making Charges
- 5–15% on jewellery (zero on coins/bars)
- Hallmarking Fee
- Rs 45–200 per item
- Local Taxes/Transport (Chennai)
- Rs 30–60 higher
- US Fed Rate Cut
- Expected in December 2025
- Key Demand Drivers
- Wedding season, Dhanteras, industrial demand (solar + EVs)
- Sensex (November 28, 2025)
- 85,832.07
- Nifty 50 (November 28, 2025)
- 26,239.45
- MCX Gold (3-month gain)
- 24.23%
- MCX Silver (3-month gain)
- 38.80%
- Gold Support (MCX)
- ₹1,22,000
- Silver Support (MCX)
- ₹1,51,000
- Gold Resistance (MCX)
- ₹1,28,150
- Silver Resistance (MCX)
- ₹1,65,740
Sources
Gold Rate Today (November 28, 2025) Minor Dip in Gold, Steady Silver - Check Prices Across Delhi, Mumbai, Chennai & Other Major Cities
Gold & Silver Prices Rise, Strong Spot Demand & US Federal Reserve Rate Cut Expectations Lift Investor Sentiment
Silver sparkles worldwide, approaching record high on demand strength and dovish Fed Reserve outlook
Sensex, Nifty 50 at record high! Can the rally in Indian stock market weigh on gold, silver prices?
Industrial demand for silver outpaces production, fueling strong momentum: GJEPC
