Investors and buyers keeping an eye on precious metals found a notable uptick in gold and silver prices on 28 November 2025. The early trading session showed positive movement in both 24-karat and 22-karat gold rates across key cities, while silver prices also edged higher, reflecting ongoing demand and market sentiment.
Market Performance: Gold and Silver in Focus
During early trade on Friday:
- MCX Gold December futures rose 0.54% to ₹1,26,180 per 10 grams at around 9:55 am.
- MCX Silver December contracts gained 0.89%, trading at ₹1,63,909 per kg.
According to India Bullions data at 9:58 am:
- 24-carat gold: ₹1,26,820/10 gm
- 22-carat gold: ₹1,16,252/10 gm
- Silver 999 Fine: ₹1,64,750/kg
Over the past two decades, gold prices have surged by 1,200%, from ₹7,638 in 2005 to over ₹1,25,000 in 2025, delivering positive returns in 16 out of 20 years. Year-to-date, gold has gained 56%, hinting at one of the best annual performances since 1979.
Gold and Silver Rates in Major Cities — 28 November 2025
Here’s a detailed look at city-wise rates, helping buyers and investors track local market prices:
Mumbai
- 24K Gold: ₹1,26,590/10 gm
- 22K Gold: ₹1,16,041/10 gm
- MCX Gold: ₹1,26,170/10 gm
- Silver Bullion: ₹1,64,450/kg
- MCX Silver 999: ₹1,64,450/kg
Pune
- 24K Gold: ₹1,26,520/10 gm
- 22K Gold: ₹1,15,977/10 gm
- MCX Gold: ₹1,26,100/10 gm
- Silver Bullion: ₹1,64,490/kg
- MCX Silver 999: ₹1,64,490/kg
New Delhi
- 24K Gold: ₹1,26,300/10 gm
- 22K Gold: ₹1,15,775/10 gm
- MCX Gold: ₹1,26,100/10 gm
- Silver Bullion: ₹1,64,210/kg
- MCX Silver 999: ₹1,64,210/kg
Kolkata
- 24K Gold: ₹1,26,350/10 gm
- 22K Gold: ₹1,15,821/10 gm
- MCX Gold: ₹1,26,100/10 gm
- Silver Bullion: ₹1,64,280/kg
- MCX Silver 999: ₹1,58,520/kg
Ahmedabad
- 24K Gold: ₹1,26,680/10 gm
- 22K Gold: ₹1,16,123/10 gm
- MCX Gold: ₹1,26,100/10 gm
- Silver Bullion: ₹1,64,710/kg
- MCX Silver 999: ₹1,64,710/kg
Bengaluru
- 24K Gold: ₹1,26,620/10 gm
- 22K Gold: ₹1,16,068/10 gm
- MCX Gold: ₹1,26,100/10 gm
- Silver Bullion: ₹1,64,630/kg
- MCX Silver 999: ₹1,64,630/kg
Hyderabad
- 24K Gold: ₹1,26,730/10 gm
- 22K Gold: ₹1,16,169/10 gm
- MCX Gold: ₹1,26,112/10 gm
- Silver Bullion: ₹1,64,610/kg
- MCX Silver 999: ₹1,64,610/kg
Chennai
- 24K Gold: ₹1,26,900/10 gm
- 22K Gold: ₹1,16,325/10 gm
- MCX Gold: ₹1,26,112/10 gm
- Silver Bullion: ₹1,64,820/kg
- MCX Silver 999: ₹1,64,820/kg
Summary: Key Takeaways
Gold and silver continue to show strong movement in Indian markets on 28 November 2025.
- Gold: Gains across 24K and 22K variants suggest ongoing demand.
- Silver: Bullion and MCX Silver rates show upward momentum.
- City Variation: Slight differences in rates across Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Hyderabad, Pune, and Chennai due to local market factors.
Investors and buyers can use these updated MCX and retail rates to track pricing trends in their city before planning purchases.
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