Mumbai, Nov 14, 2025: Gold prices in India edged lower on Friday, following a brief recovery across all purity levels on Thursday. The precious metals market has been highly volatile in recent weeks, with gold hitting a record high in early October before cooling through November.
At 12:00 pm, gold on the Multi Commodity Exchange (MCX) was down 0.30%, trading at ₹1,26,366 per 10 grams, while silver fell 0.69% to ₹1,61,350 per kg. This dip comes just a day after both metals saw gains, highlighting ongoing uncertainty in the market.
Global Cues Influence Market Sentiment
Rahul Kalantri, VP Commodities at Mehta Equities Ltd., said midweek gains were driven by strong global momentum.
“Bullion prices advanced sharply midweek, with gold and silver climbing to three week highs and silver nearing its record in international trade,” he noted.
Kalantri added that traders are closely monitoring US economic data and potential Federal Reserve rate cuts in December, which could influence bullion demand.
Technical Trends Remain Favorable
The technical setup for both metals has recently improved, attracting speculative buying.
“Near term technical postures for gold and silver have turned more bullish, inviting chart-based speculators to play the long sides,” Kalantri said.
In international markets, gold continues to hold crucial support around $4,000, trading above $4,150 per troy ounce, while silver maintains support at $50 per troy ounce, moving above $52.
Gold: Support at $4,140–4,100 | Resistance at $4,240–4,265
Silver: Support at $52.10–52.50 | Resistance at $53.75–54.20
With volatility dominating market sentiment, traders are likely to adopt a wait-and-watch approach until clearer economic signals emerge.