India Gold Prices Slip as Bulls Take a Breather, FXStreet Data Signals Cooling Momentum

Updated: December 02, 2025 13:11

Image Source : Capital.com

Gold prices in India eased on the day, according to FXStreet-compiled data, as improved risk sentiment and a steady rupee weighed on local bullion rates. The benchmark price per gram and per tola in INR edged lower, though broader uptrend support from Fed rate-cut expectations and geopolitical tensions remains intact.

Gold prices in India fell modestly, mirroring the softer tone in global bullion as traders booked profits near recent highs. FXStreet data cited by platforms such as Mitrade and OctaFX shows the reference India gold price slipping to around INR 11,900–11,950 per gram on the latest reading, down from the previous session’s INR 11,940–11,980 band. On a per-tola basis, prices eased by a few hundred rupees day-on-day, signalling a minor corrective move rather than a trend reversal.

The pullback comes amid a firmer risk-on mood in equities and some stabilization in the US Dollar, which typically pressures non-yielding assets like gold. However, expectations of further US Federal Reserve rate cuts, coupled with ongoing geopolitical tensions, continue to underpin the medium-term bullish case for the yellow metal.

Domestic traders note that physical demand in India remains sensitive to price spikes, with dips often attracting jewelry buyers and investors ahead of the wedding season and year-end festivities. Market participants are watching upcoming US data and Fed commentary for cues on interest rates, which could influence the next leg of gold’s move in both global and Indian markets.

Key Highlights:

FXStreet data shows India gold price edging lower versus previous session, both per gram and per tola.
Latest indicative price near INR 11,900–11,950 per gram; small decline signals profit-taking, not a structural breakdown.
Softer gold coincides with improved risk sentiment and a steadier US Dollar.
Broader support from Fed rate-cut expectations and geopolitical risks keeps medium-term outlook constructive.
Price dips may spur physical buying in India ahead of weddings and festivals.
Traders eye upcoming US macro data and Fed signals to gauge next direction for XAU/USD and INR gold quotes.

Sources: FXStreet India gold price dashboards via Mitrade, TMGM/OctaFX and FxVerify; FXStreet gold forecasts and market analysis.

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