Gold and silver prices today: How are metals trading across India on November 28?

#Business Desk
Representational image (Photo: Canva)
Representational image (Photo: Canva)

Gold prices in India continued their upward trajectory today, with 24-karat gold trading at ₹12,774 per gram, 22-karat at ₹11,709, and 18-karat at ₹9,580. As investors increasingly turn to the metal as a hedge against inflation, demand has remained resilient, according to rate data sourced from leading jeweller.

Current gold rates in India (November 28)

24K gold: ₹12,774 per gram

22K gold: ₹11,709 per gram

18K gold: ₹9,580 per gram

Gold rates across major cities

City 24 K 22 K 18 K
Delhi ₹12,789 ₹11,724 ₹9,595
Mumbai ₹12,774 ₹11,709 ₹9,580
Chennai ₹12,839 ₹11,769 ₹9,814
Kolkata ₹12,774 ₹11,709 ₹9,580
Bengaluru ₹12,774 ₹11,709 ₹9,580
Hyderabad ₹12,774 ₹11,709 ₹9,580
Kerala ₹12,774 ₹11,709 ₹9,580

Gold prices held broadly steady across major Indian cities today, with 24K rates ranging from ₹12,774 to ₹12,839 per gram. Delhi reported 24K gold at ₹12,789, while Chennai recorded the highest at ₹12,839. Most other cities — including Mumbai, Kolkata, Bengaluru, Hyderabad and Kerala — saw uniform pricing at ₹12,774. A similar pattern was observed in 22K gold, which hovered between ₹11,709 and ₹11,769, and in 18K gold, priced largely at ₹9,580 per gram except in Chennai, where it touched ₹9,814.

Trend in the last 10 days

Gold prices have seen sharp day-to-day fluctuations over the past 10 sessions, reflecting heightened volatility in the precious metals market. After rising steadily through mid-November—peaking on Nov 26 at ₹12,791 for 24K and ₹11,725 for 22K—rates have eased slightly, with Nov 28 closing at ₹12,774 and ₹11,709 respectively. The period shows a mix of strong gains and brief pullbacks: notable surges on Nov 22 (+₹186 for 24K) and Nov 25 (+₹191) were offset by declines on Nov 24 and Nov 27. Overall, the trend suggests an upward bias with intermittent corrections, underscoring active investor participation and sensitivity to global cues during the month.

Silver prices today

Silver prices in India stood at ₹173.10 per gram and ₹1,73,100 per kilogram today. Domestic silver rates continue to track global market trends and are also influenced by movements in the rupee. A depreciation in the rupee against the dollar typically makes silver costlier even if international prices remain unchanged.