Gold Rate Today: Today, on 28 November, there has been a slight decline in the prices of gold and silver. While gold has become cheaper by about Rs 203, silver has also weakened by Rs 600. This decline has been clearly seen in the markets of major cities of India, where the fall in gold and silver rates has had an impact. Let us know today's latest rates and market conditions.

Fall in gold prices

Today, on Thursday, the price of gold opened at Rs 76347 per 10 grams, which was about Rs 203 cheaper than the previous trading day. On MCX (Multi Commodity Exchange), gold with 5 December futures delivery opened at Rs 76347 per 10 grams. At the same time, gold with 5 February futures delivery was trading at Rs 75501 per 10 grams. By 10:16 am, gold orders worth Rs 36855 lakh were booked, which shows the demand for gold in the market, however, the decline continued.

Weakness in silver too

The price of silver has also fallen and it is selling at Rs 87159 per kg, cheaper by Rs 600. Silver for 5 December futures delivery on MCX opened at Rs 86999 per kg and touched a low of Rs 86833 per kg. At the same time, silver for 5 March 2025 opened at Rs 89500 per kg and was trading at a low of 89161. Silver for 5 May 2025 opened at Rs 90720 per kg and was trading at Rs 90933.

Gold and silver rates in major cities

A fall in the prices of gold and silver was also seen in major cities like Ahmedabad, Lucknow, Patna, and Delhi. The price of gold in Ahmedabad was around Rs 76347 per 10 grams, while the price of silver was Rs 87159 per kg. The rates were the same in Lucknow and Patna, while the price of gold in Delhi was around Rs 76500.

Market Conditions on MCX

On MCX, on November 25, the gold futures delivery of December 5 closed at Rs 76516 per 10 grams, while the gold futures delivery of February 5 closed at Rs 75760 per 10 grams. At the same time, the silver futures delivery also closed at Rs 87680 per kg on the same day, which has come down to Rs 87159 today.

Market direction and tips for investors

This slight fall in the prices of gold and silver can be a good opportunity for investors, especially if they are expecting a rise in their prices in the coming months. However, investors doing technical analysis will have to follow the trend carefully so that they can take advantage in the future.

Thus, the slight decline in the gold and silver markets on November 28 has alerted investors, but this decline may also be a sign of a reversal for the market.

Gold rates in different cities of India