Gold rate today, Nov. 29 -- Following high bets on the US Fed rate cut, gold prices in India and other global bourses witnessed strong buying interest last week. This enabled MCX gold rates to finish higher for the fourth straight month. Gold futures contract on the Multi Commodity Exchange (MCX) for the February 2026 expiry finished Rs.1,932 or 1.51% higher at Rs.1,29,599 per 10 gm on Friday, around Rs.2,700 away from its record high of Rs.1,32,294 per 10 gm, which it had climbed on 17 October 2025.

According to the commodity market experts, the gold rate today is on an uptrend across global bourses as the probability of a 25 bps rate cut in the US Fed meeting next month has gone up to 87%. They said that falling US dollar rates and pol...