Gold prices today: Rates in Mumbai, Delhi, Bengaluru and other cities on November 29

On the Multi Commodity Exchange (MCX), Gold December futures closed 1.13 per cent higher at Rs 1,26,920 per 10 grams, while Silver March contracts edged up 0.21 per cent to Rs 1,75,340 per kg

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Gold prices continued their upward momentum in the domestic futures market on Friday, November 28, fuelled by expectations of an interest rate cut by the US Federal Reserve next month.

On the Multi Commodity Exchange (MCX), Gold December futures closed 1.13 per cent higher at Rs 1,26,920 per 10 grams, while Silver March contracts edged up 0.21 per cent to Rs 1,75,340 per kg.

According to India Bullion data, the price of 24-carat gold stood at Rs 1,27,580 per 10 grams at 6:55 am on Saturday, November 29. The 22-carat gold rate was Rs 1,16,948 per 10 grams, while silver (999 fine) was priced at Rs 1,72,740 per kg.

Gold has delivered exceptional long-term returns, surging nearly 1,500 per cent over the last two decades - rising from Rs 7,638 per 10 grams in 2005 to more than Rs 1,25,000 in 2025 (as of September). The precious metal has also gained 56 per cent year-to-date (YTD), supported by global economic uncertainty and strong investment demand.

Below are the latest retail gold and silver prices across major Indian cities. Customers should note that retail rates may vary as jewellers apply making charges, taxes and GST.

Gold and Silver Prices in Major Cities (November 29):

Mumbai

24K gold: Rs 1,27,350/10g

22K gold: Rs 1,16,738/10g

MCX gold: Rs 1,26,920/10g

Silver bullion: Rs 1,72,430/kg