Gold prices fall by Rs 1,389 on MCX, silver too remains volatile: Here’s what investors should do

Rates of precious metals in futures trade fell on Monday, November 17, 2025, after a rollercoaster trend last week. The gold December 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 447 at Rs 1,23,114 per 10 grams against the previous close of Rs 1,23,561. It dipped further to touch the low of Rs 1,22,172. Last seen, it was trading at Rs 1,22,397 with a fall of Rs 1,164 or 0.94 per cent. 

On the MCX, the yellow metal futures for February 2026 fell by Rs 1,016 or 0.81 per cent to trade at Rs 1,24,292 per 10 grams in business turnover of 5,425 lots. 

Silver Price On MCX

Similarly, the silver futures, maturing on December 5, 2025, started the session in the red. The contract opened with a fall of Rs 913 at Rs 1,55,105 per kg on the MCX against the previous close of Rs 1,56,018. It later dipped to the low of Rs 1,53,310. Last seen, it was trading at Rs 1,54,952 with a dip of Rs 1,066 or 0.68 per cent.

Gold Price in the International Market

In the international market, the COMEX gold price dipped 0.84 per cent, trading at approximately USD 4,060 per troy ounce. The spot gold price at 11:40 am was USD 4,059.95 per ounce, down by USD 20.83 or 0.51 per cent.

What investors should do?

According to experts, gold has support at $4035-4000 while resistance at USD 4115-4140. Silver has support at USD 50.30-49.85 while resistance is at  USD 51.25-51.50. In Rs gold has support at Rs 1,22,950-1,22,380, while resistance is at Rs 1,24,950-1,25,500. Silver has support at Rs 1,53,850-1,52,500 while resistance at Rs 1,56,740, 1,57,880.

“With gold at lifetime highs and supported by long-term de-dollarization tendencies, investors should remain optimistic but restrained. To reduce risk, avoid chasing highs and instead accumulate during 2-3 per cent falls,” said Justin Khoo, Senior Market Analyst – APAC, VT Markets.