Gold rates in India crashed on November 15, after Bihar legislative assembly election outcomes. The 100 grams and 10 grams gold prices in 24 carat dropped steeply by Rs 19,600 and Rs 1,960 respectively.
Silver rates in India also recorded sharp decline, after international prices entered into selling pressure.
Overall, in the trading week that closed on November 14, precious metals traded volatile, with MCX gold price closing slightly near Rs 1.24 lakh mark and MCX silver holding above Rs 1.55 lakh level. Despite the latest correction and pulling back from weekly highs, precious metals ended the week on gains. In the coming days, gold and silver are expected to see volatile movement.
Gold Rates In India:
November 15 2025
24 carat gold price dropped by Rs 19,600 to Rs 12,50,800 per 100 grams, while 10 grams gold plunged by Rs 1,960 to Rs 1,25,080. Also, 8 grams and 1 gram gold rates in 24 carat slipped by Rs 1,568 and Rs 196 on November 15 to Rs 1,00,064 and Rs 12,508 respectively.
Meanwhile, 22 carat gold rate tumbled by Rs 18,000 to Rs 11, 46, 500 per 100 grams. Also, 10 grams gold rate plummeted by Rs 1,800 to Rs 1,14,650. In the smaller carats like 8 grams dipped by Rs 1,440 to Rs 91,720 and 1 gram edged lower by Rs 180 to Rs 11,465.
Furthermore, 18 carat gold rates in India also dropped significantly. The 100 grams gold dipped by Rs 14,700 to Rs 9,38,100, 10 grams shed Rs 1,470 to Rs 93,810, 8 grams contracted by Rs 1,176 to Rs 75,048 and 1 gram was down by Rs 147 to Rs 9,381.
Silver Rates In India:
Silver prices in India also recorded sharp correction. 1Kg silver rate nosedived by Rs 4,100 to Rs 1,69,000, while 100 grams and 10 grams silver slipped by Rs 410 and Rs 41 to Rs 16,900 and Rs 1,690 respectively. Additionally, 8 grams and 1 gram silver prices inched lower by Rs 32.80 and Rs 4.10 to Rs 1,352 and Rs 169 respectively.
MCX Gold Price + MCX Silver Price:
MCX gold price with December 2025 expiry, ended at Rs 1,23,377 per 10 grams on November 14, down by Rs 77 or 0.06%. The correction came back after the bullion crossed Rs 1,27,000 per 10 grams mark during the trading hours.
“Gold prices witnessed a healthy correction this week across both COMEX and MCX, yet the broader trend remains firmly upward,” said Ponmudi R, CEO of Enrich Money.
After closing bell of Friday, MCX silver price ended at Rs 1,55,530 per 1kg, after crashing by Rs 6,940 or 4.27%.
Gold & Silver Prices Outlook:
According to Ponmudi, the October-November movement on MCX also shows a distinct curved pattern, indicating a cyclical pullback within a strong uptrend rather than any structural weakness. This decline is essentially a technical retest of the rising trendline, an area where buyers have consistently returned over the past three months. Both domestic and global charts continue to trade inside an Ascending Broadening Wedge, a pattern where prices keep rising while volatility widens, signalling that the larger trend remains bullish even though interim dips may appear sharp.
Going ahead, Ponmudi believes MCX gold’s first major support is Rs 1,21,800 per 10 grams. If this level breached, then the next support could be between Rs 1,19,250-Rs 1,17,600.
Resistance for gold is around Rs 1,24,000 to Rs 1,24,500 per 10 grams on MCX. As per the expert these zones align with the broader trendline structure that has repeatedly triggered reversals during September and October declines. As long as gold holds above its immediate supports, the bullish setup stays intact.
If stability builds around the current zone, gold can rebound toward $4,150, $4,250, and $4,350-$4,400 on COMEX, and Rs 1,25,500, Rs 1,27,200, and Rs 1,28,800 on MCX. A breakout above these resistances could unlock the next major leg of the rally, pushing prices toward $4,420-$4,500 globally and Rs 1,30,000+ in India, confirming a fresh momentum phase, as per the expert.
But if spot gold falls below $4,000 mark or MCX drops below Rs 1,21,800 levels, then market is expected to see a short-term cooling phase.
“In that scenario, the next supports rest at $3,980-$3,920 internationally and ₹1,20,800-₹1,19,500 domestically. Even these levels fall within the larger bullish structure, and only a decisive breakdown below them would indicate a deeper trend reversal,” said Ponmudi.
Even though gold saw recent dip, its medium term outlook remains positive. Ponmudi believes a softer U.S. dollar, ongoing central bank accumulation, elevated geopolitical tensions, and steady inflation expectations continue to provide strong support for the metal.
“These factors reinforce the view that gold remains in a constructive phase, maintaining a bullish bias as long as key support zones hold firm,” said the expert.
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