Gold Rates on Nov 28: Silver Prices Soar While Gold Sees a Slight Dip

Gold Rates on Nov 28: Silver Prices Shoot Up as Gold Slips Slightly

After two consecutive days of sharp gains, gold prices dipped slightly on Friday morning, while silver recorded a significant jump. Here are the latest gold and silver rates across major Indian cities.

Due to a weaker dollar and expectations of a possible rate cut by the U.S. Federal Reserve, gold prices surged in the last two days. However, by Friday morning, prices softened. According to GoodReturns, the price of 24-carat gold per 10 grams in India dropped to ₹1,27,740. The price of 22-carat gold stood at ₹1,17,090, while silver prices climbed to ₹1,80,100 per kilogram.

With the chances of a major Fed rate cut becoming slimmer and the Russia-Ukraine conflict nearing an end, geopolitical tensions are easing. Experts say this may reduce demand for gold as investors shift towards equities.

Gold Prices in Major Cities

(24K, 22K, 18K – per 10 grams)

Bengaluru: ₹1,27,740; ₹1,17,090; ₹95,800
Chennai: ₹1,28,390; ₹1,17,690; ₹98,140
Mumbai: ₹1,27,740; ₹1,17,090; ₹95,800
New Delhi: ₹1,27,890; ₹1,17,240; ₹95,950
Kolkata: ₹1,27,740; ₹1,17,090; ₹95,800
Hyderabad: ₹1,27,740; ₹1,17,090; ₹95,800
Vijayawada: ₹1,27,740; ₹1,17,090; ₹95,800
Kerala: ₹1,27,740; ₹1,17,090; ₹95,800
Surat: ₹1,27,790; ₹1,17,140; ₹95,850
Vadodara: ₹1,27,740; ₹1,17,090; ₹95,800
Ahmedabad: ₹1,27,790; ₹1,17,140; ₹95,850

Silver Prices in Major Cities

(per kilogram)

Bengaluru: ₹1,73,100
Chennai: ₹1,80,100
Mumbai: ₹1,73,100
New Delhi: ₹1,73,100
Kolkata: ₹1,73,100
Hyderabad: ₹1,80,100
Vijayawada: ₹1,80,100
Kerala: ₹1,80,100
Surat: ₹1,73,100
Vadodara: ₹1,73,100
Ahmedabad: ₹1,73,100

Note: Gold and silver prices fluctuate frequently. Buyers are advised to verify the latest rates before purchasing.