By Soumya Ranjan Gold rate today: Expectations that the Federal Reserve will not lower interest rates at its December meeting were strengthened by a better-than-expected US jobs report, which caused gold prices to drop.
At 8:22 a.m. on November 21, the spot price of gold was slightly over $4,065 per ounce for 24-carat purity. That represents a slight decrease of 0.30 percent from yesterday’s closing price of $4,077.
“As markets took in the better-than-expected US September jobs report, which dampened expectations for a December rate cut, gold prices fell. Against its major crosses, the dollar index held steady above 100. The likelihood of a rate cut has now decreased, with estimates ranging from 30 to 40 percent as traders consider comments made by Federal Reserve officials in addition to more general economic data. Manav Modi, a Precious Metal Research and Analyst at Motilal Oswal Financial Services Ltd., stated that current events surrounding a possible peace deal between Russia and Ukraine are impacting the mood of the market as a whole.
According to the Indian Bullion and Jewelers Association (IBJA) at their 12:30 p.m. rate session, the cost of physical yellow metal in India was 1,22,149 per 10 grams of 999 purity. From yesterday’s close at Rs 1,22,561 in the 18:30 p.m. rate session, that represents a 0.37 percent decline. On November 13, 2025, the price of gold in the domestic market reached a peak of Rs 1,26,554 per 10 grams of 999 purity.
The demand for the yellow metal is still high even though worries about interest rate reductions around the world have subsided. Weddings are predicted to cause a modest increase in jewelry sales, and investors should consider gold as a hedge against uncertainty. According to Aksha Kamboj, Vice President of IBJA, “the upward movement is not extreme but exists due to domestic purchasing sustained by precautionary global sentiment.”
The purity of gold affects its price. View the prices of gold according to purity below.
Conversely, silver is still a valuable investment and industrial metal in addition to being a household necessity. Silver’s spot price stays steady at roughly $50.
As of 12:30 p.m. on November 21, the price of silver in the domestic market was Rs 1,51,375 per kilogram of 999 purity. According to IBJA data on precious metal prices, that represents a 1.78 percent decrease from yesterday’s close at Rs 1,54,8113 in the 18:30 p.m. rate session.
On November 13, 2025, the price of silver in the domestic market reached a peak of Rs 1,63,808 per kg of 999 purity.
“The white-metal market is holding steady, but global cues are still mixed and there will probably be volatility. Silver’s current levels will be supported by a combination of seasonal interest and safe-haven demand, despite the slight increase, according to Kamboj.
The cost of silver varies by city. To find out how much 999 purity silver costs in your area, look below.
Disclaimer: The opinions and suggestions expressed above are not those of the Times of Dalal Street, but rather those of specific analysts or broking firms. Before making any investment decisions, we advise investors to consult with qualified specialists.