Gold and silver eased on Thursday, November 27, as traders booked profits following the previous session’s gains, though expectations of a US Federal Reserve rate cut in December continue to support global bullion markets. Spot gold fell 0.5% to $4,145.08 an ounce, while silver declined 0.9% to $52.89 an ounce. In India, gold traded at ₹12,775 per gram (24k) and silver at ₹173 per gram, with domestic demand staying robust due to the peak wedding season.
Mixed signals from Fed officials have kept investors cautious, creating choppy but generally upward-leaning momentum for precious metals. Markets are pricing in a high probability of a December rate cut, keeping Treasury yields low and supporting non-yielding assets like gold. Analysts suggest gradual accumulation rather than large bets, as bullion remains sensitive to incoming US economic data.
Experts expect gold to trade between $4,000–$4,200 an ounce and silver between $49–$53, citing safe-haven demand and industrial use for silver in solar, EVs, and electronics. Upcoming US retail sales, producer inflation, and jobless claims will influence short-term trends, making dips ideal for staggered purchases or structured products like sovereign gold bonds.
