Gold Price Today on November 27: Gold trading slightly up as hopes for Fed rate cut surge; check silver rates for 999 purity

Gold price at Rs 1,26,000 levels per 10 grams of 24-carat purity as hopes for Fed rate cut surge

The spot price of gold was hovering just above $4,162 per ounce for 24-carat purity on November 26, as of 12:11 a.m. That's up nearly 0.77 percent from the previous close at $4,130, with renewed hopes for another rate cut by the U.S. Federal Reserves.

As per CME FedWath Tool, the probability that the Fed would lower rates by 25 basis points to 3.50-3.75 percent at the December monetary policy meeting has risen to 85.3 percent from 50.1 percent a week ago.

Meanwhile, the price of December gold futures  on the Multi Commodity Exchange (MCX) stood at Rs 1,25,555 per 10 grams of 24-carat purity as of 12:53 p.m (IST). That’s 0.94 percent dip from the previous close. The yellow metal hit the lowest at Rs 1,25,107 and peaked at Rs 1,25,587 so far during the day’s trade.

“According to recent trends, gold is still gaining ground in India, which is indicative of both strong investment demand and jewelry purchases during the wedding season. Gold is experiencing a slight increase due to investor interest, despite ongoing global supply pressures. Expectations of a Fed cut have increased due to weak U.S. economic data, making gold a more alluring hedge against inflation and currency risk. The current wedding season is boosting demand for jewelry domestically and encouraging purchases. Overall, gold has slightly increased, supporting its status as a reliable, long-term investment,” said Aksha Kamboj, Vice President, IBJA.

As per Indian Bullion and Jewelers Association (IBJA), the price of physical yellow metal stood at Rs 1,26,081 per 10 grams of 999 purity on November 26, in the 18:30 p.m rate session. That's nearly 0.77 percent increase from Rs 1,25,119 in 24 hours. The price of gold this month peaked at Rs 1,26,554 on November 13, 2025.

The Augmont Bullion report published on November 26, suggests investors to buy on dips around support and sell on rallies around resistance.

Gold prices vary by purity. Check out below to see prices of gold based on their purity.

Silver, on the other hand, continues to shine not just as a household essential but also as a key investment and industrial metal. The spot price of silver continues to hover just above $53 per ounce on November 27, as of 12:58 p.m.

On MCX, December silver futures on Thursday closed at Rs 1,67,190 per 10 grams of 24-carat purity. That’s up nearly 1.37 percent from previous close at Rs 1,64,945.

“The last few days have seen slight increases in Indian silver prices, with a mix of spot-market demand and broader worldwide momentum. Similar to gold, silver gains from softer U.S. economic indicators and a surge in expectations for monetary easing by investors. For silver, industrial demand and investment interest remain strong, while local factors-like wedding seasonal purchases, although smaller compared to gold-are supporting fairly steady demand. Reduced import supplies is also playing its role, as firmness in availability is shifting prices upwards. In brief, silver has gained marginally, further bolstering its dual utility as an investment and industrial metal,” said Kamboj.