Why Are Gold and Silver Prices Rising So Sharply?
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Synopsis
On November 26, gold and silver prices saw a remarkable rise, driven by robust global momentum. With gold crossing significant thresholds, experts anticipate further volatility influenced by upcoming US economic data. Stay informed about the latest trends in precious metals!
Key Takeaways
- Gold prices surged to Rs 1,26,081, up by Rs 962.
- Silver prices rose to Rs 1,59,025, increasing by Rs 2,705.
- Strong momentum seen in global markets.
- Upcoming US economic data will impact market trends.
- Market analysts expect volatility in prices.
New Delhi, Nov 26 (NationPress) The prices of gold and silver experienced a significant surge on Wednesday, with both precious metals increasing by as much as Rs 2,700, driven by strong momentum in the global marketplace.
As reported by the India Bullion Jewellers Association (IBJA), the cost of 10 grams of 24-carat gold rose by Rs 962, reaching Rs 1,26,081, compared to Rs 1,25,119 on Tuesday.
The 22-carat variant also saw an increase, climbing to Rs 1,15,490 per 10 grams from Rs 1,14,609, while 18-carat gold prices went up to Rs 94,561 from Rs 93,839 per 10 grams.
Silver saw an even more pronounced increase, with prices rising by Rs 2,705 in the last 24 hours, now at Rs 1,59,025 per kg, up from Rs 1,56,320.
This upward trend was reflected in the futures market as well.
On the Multi Commodity Exchange (MCX), gold for delivery on December 5, 2025, rose by 0.61% to trade at Rs 1,25,988, while silver futures for the same date jumped 1.56% to Rs 1,58,757.
On the international front, precious metals showed firmness as well. Gold increased by 0.77% to $4,198 per ounce, while silver gained 1.60% to $51.80 per ounce.
Market analysts noted that gold surpassing $4,150 per ounce globally and reaching Rs 1.25 lakh per 10 grams domestically indicates sustained bullish sentiment.
Looking ahead, market participants are expected to monitor upcoming US economic data and the Federal Reserve’s interest rate decision, which will be pivotal in determining the metals' future trajectory.
According to Jateen Trivedi of LKP Securities, "Gold traded positively as Comex prices exceeded $4,150, while MCX gold added Rs 650 to trade at Rs 1,25,900."
"The bullish momentum in gold persists, with prices rising nearly 2.5% since Monday’s opening. Attention now turns to critical US economic indicators, including GDP and the Core PCE Price Index, which will influence short-term trends. Gold is anticipated to remain volatile within a range of Rs 1,24,000 to Rs 1,27,500," Trivedi commented.
Point of View
I emphasize the importance of staying updated with the fluctuations in precious metal prices, particularly in light of the recent surge in gold and silver. This trend reflects broader economic indicators and could significantly impact the financial landscape. Our commitment is to provide accurate and timely information, ensuring that our readers can make informed decisions.
NationPress
26/11/2025
Frequently Asked Questions
What caused the recent increase in gold and silver prices?
The recent surge in gold and silver prices is attributed to strong momentum in global markets and anticipated economic indicators from the US, particularly the Federal Reserve's interest rate decision.
How much did gold prices rise?
Gold prices increased by Rs 962, reaching Rs 1,26,081 per 10 grams.
What are the current prices of silver?
Silver prices have jumped to Rs 1,59,025 per kg, marking a rise of Rs 2,705.
What is the outlook for gold prices?
Analysts suggest that gold may remain volatile within a range of Rs 1,24,000 to Rs 1,27,500, influenced by upcoming US economic data.
Are there any significant trends in the futures market?
Yes, gold futures for December 2025 delivery saw a gain of 0.61%, while silver futures increased by 1.56%.
