New Delhi, Nov. 30 -- Gold rates on the MCX in India ended higher on Friday amid hopes of Federal Reserve rate cut in December. Gold futures contract on the MCX for the February 2026 expiry ended Rs.1,932 or 1.51% higher at Rs.1,29,599 per 10 gm on Friday, while the MCX Silver February contracts rose 0.16% to Rs.1.75,650 per kg.

Data from India Bullions showed that the prices of 24-carat gold were Rs.1,29,640/10 gm at 6:20 am on November 30, and 22-carat gold at Rs.1,18,837/10 gms. Silver prices were at Rs.1,75,000/kg (Silver 999 Fine).

In the past twenty years, gold prices have surged by an impressive 1,500%, rising from Rs.7,638 in 2005 to more than Rs.1,25,000 in 2025 (as of September), recording positive returns in 16 of those years...