Gold Market Recap: Prices Surge as Investors Await Fed and RBI Policy on 30 November 2025
Gold prices ended the week strong, with analysts predicting a potential retest of record highs. All eyes are on the upcoming US Fed and RBI policy meetings.
⚡ Key Highlights
- 1Gold prices jumped on the MCX, trading just ₹2,700 away from a record.
- 2Analysts widely expect the yellow metal to retest its all-time highs next week.
- 3The upcoming US Federal Reserve policy meeting is a key focus for investors.
- 4The Reserve Bank of India's MPC outcome will also heavily influence market direction.
- 5Retail gold rates remained stable in cities like Hyderabad and Vijayawada on Sunday.
The Indian gold market closed the week on a bullish note, with strong momentum building ahead of crucial economic events. While physical gold rates in several major cities like Hyderabad, Vijayawada, and Visakhapatnam remained stable on Sunday, November 30, the futures market painted a very different picture. Prices on the Multi Commodity Exchange (MCX) surged in the previous session, positioning the precious metal tantalizingly close to a new milestone. The sentiment among traders and investors is one of high anticipation, as the market gears up for a potentially volatile week ahead.
The primary driver behind this optimism is the upcoming monetary policy meetings of two major central banks. Globally, investors are keenly awaiting the outcome of the US Federal Reserve meeting and a subsequent speech by its chairman, Jerome Powell. Any signals regarding interest rate policy from the US will have a significant impact on global gold prices. Closer to home, the Reserve Bank of India's Monetary Policy Committee (MPC) is also set to announce its decision, which will directly influence the rupee and domestic gold prices. Analysts across multiple financial publications have noted that these two events are the main catalysts that could propel gold to retest its previous record highs.
Based on the current market setup, the outlook for gold appears strong. The recent price jump on the MCX, which brought it just ₹2,700 shy of a new all-time high, indicates that bullish sentiment is firmly in place. For investors, the coming week will be critical. They are advised to closely monitor the announcements from both the US Fed and the RBI, as these will set the trend for the near future. For those planning to buy jewelry, the current stability in retail prices over the weekend might be short-lived, as analysts widely predict that the yellow metal is poised for another significant rally.