Gold prices in India rose on Friday, based on FXStreet data. The price per gram was 12,028.43 Indian Rupees (INR), up from 11,954.88 INR the day before. The price per tola went up to INR 140,297.20 from INR 139,439.40. For reference, 10 grams of gold now costs 120,284.30 INR, while a troy ounce is priced at 374,126.20 INR.

How Gold Rates Are Calculated

FXStreet calculates gold rates by converting international prices to local currency and units, like USD/INR. Prices are updated daily based on current market conditions, though there may be local variations. Central banks hold the biggest gold reserves. In 2022, they added 1,136 tonnes of gold, worth about $70 billion, which is the highest annual purchase recorded by the World Gold Council. Most of this activity has come from emerging economies including China, India, and Turkey. Gold prices often move in the opposite direction of the US Dollar and US Treasuries. This means gold tends to rise when these assets lose value, acting as a safe-haven during tough economic times. Factors like geopolitical tensions, interest rates, and the strength of the US Dollar influence gold prices. Currently, as of November 28, 2025, the increasing gold price presents a clear opportunity. There are rising expectations for a Federal Reserve rate cut in December, especially since the latest US jobs report for October showed weaker hiring than anticipated. This dovish outlook weakens the US dollar, which benefits gold.

Trading Opportunities and Market Trends

We suggest that traders consider taking long positions in gold derivatives, such as call options or futures contracts. The CME FedWatch Tool now indicates over 70% probability of a rate cut next month, marking a significant change from a few weeks ago. This trend makes bullish positions on non-yielding assets like gold more appealing as the cost of holding decreases. Ongoing demand from central banks helps create a solid price floor, reducing the risk of price drops. Recent data from the World Gold Council for the third quarter of 2025 shows that emerging market central banks added another 200 tonnes to their reserves, continuing the record purchasing seen in 2022. This strong institutional buying suggests that if prices dip, they won’t last long. The expected inverse relationship between gold and the US dollar is happening as anticipated. With the US Dollar Index staying below 99.50 and showing further weakness, gold is becoming cheaper for foreign buyers. This situation is further driving the upward momentum we are currently experiencing. Looking back, a similar scenario unfolded during 2023-2024 when the market began anticipating the end of the Fed’s rate-hiking cycle. Gold initially rallied and then entered a sustained upward trend once the first rate cut was confirmed. A similar pattern may happen as we move toward early 2026. Considering the slight rise in geopolitical tensions around trade and an overextended stock market, holding some gold is a smart hedge. Derivatives provide a cost-effective way to gain this exposure or to speculate on further price increases. The key strategy for the next few weeks should be to buy on dips while keeping a close eye on Fed communications. Create your live VT Markets account and start trading now.

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