Gold and silver prices were subdued on Thursday (November 20) as global cues turned cautious, even as domestic demand in India stayed firm ahead of the peak wedding season.

In India, 24-karat gold is priced at ₹12,469 per gram, while 22-karat stands at ₹11,430. Silver trades at ₹165 per gram (₹1.65 lakh per kg).

Internationally, spot gold slipped 0.4% to $4,064 per ounce, while US gold futures fell 0.5%, pressured by a stronger dollar and reduced expectations of a US Federal Reserve rate cut in December.

“Rate-cut bets have been pared back quite remarkably in the last two weeks,” said Kelvin Wong, senior market analyst at OANDA, who expects gold to stay below $4,100 in the short term with potential dips toward $4,000–$3,980.

The probability of a December rate cut has fallen to around 3

See Full Page