Gold price today, Nov. 25 -- The rates of gold jumped by more than a per cent in early deals on the MCX on Tuesday (November 25), supported by growing expectations of a rate cut by the US Federal Reserve in December. MCX Gold December futures were 1% up at Rs.1,25,106 per 10 grams around 9:15 am. MCX Silver December contracts were 1.34% up at Rs.1,56,551 per kg at that time.

International gold prices rose by nearly 2% in the previous session as hopes for a US Fed rate cut pushed investors toward safe-haven assets.

Reuters reported, quoting New York Fed President John Williams, saying on Friday that interest rates in the US could be cut soon. He believes lowering rates won't hurt the Fed's fight against inflation and will help protect jo...