Gold Price Today, 13 November 2025: XAU/USD Holds Above $4,200 as U.S. Shutdown Ends and Rate‑Cut Bets Stay Alive

Gold is refusing to cool off.

On Thursday, 13 November 2025, spot gold is holding comfortably above the $4,200 per ounce mark, extending a powerful rally that has already lifted prices about 60% higher this year. In early trade, different feeds show spot gold changing hands between roughly $4,210 and $4,240 an ounce, with Reuters quoting a morning high near $4,227.15, while major retail and futures platforms show live quotes around $4,210–$4,240. ^[1]

The move comes right after U.S. President Donald Trump signed a funding bill to end a record 43‑day government shutdown, and as traders continue to price in a good chance of another Federal Reserve rate cut in December – a cocktail that keeps the spotlight firmly on gold as both a hedge and a momentum trade. ^[2]

Gold is now up around 60–64% in 2025, and sits only a few percent below October’s record high near $4,381 per ounce, fuelled by worries about U.S. growth, heavy central‑bank buying, and a dollar that has drifted lower since mid‑year. ^[3]

Gold price today: key levels at a glance

Global benchmarks

Spot gold (XAU/USD): Trading in a $4,210–$4,240/oz band this morning. Reuters reported spot gold at $4,227.15 at 08:09 GMT, while Investing.com and bullion dealer JM Bullion show live prices hovering near $4,210–$4,240 per ounce. ^[4]
COMEX December 2025 gold futures (GCZ5): Recent quotes cluster around $4,240 per ounce, with Investing.com data showing an official daily range between about $4,184 and $4,244 and Wednesday’s close at $4,241.57, up 0.66% on the day. ^[5]
Intraday moves: In the Asian session, gold briefly eased back toward $4,190 as the dollar ticked higher, before buyers stepped back in and pushed the metal to fresh three‑week highs above $4,210–$4,220 later in the morning. ^[6]
Year‑to‑date and range: Gold is up roughly 60% so far this year, after hitting an all‑time record around $4,381/oz on 20 October. The 52‑week range runs from roughly $2,540 to $4,380, underscoring how explosive this year’s breakout has been. ^[7]

Dollar and yields

The U.S. Dollar Index (DXY) is trading near 99.3, down about 0.2% today and well below the 100+ levels seen earlier in the autumn – a mild tailwind for dollar‑priced bullion. ^[8]
U.S. 10‑year Treasury yields hover close to 4.06%, slightly softer on the day, keeping real yields subdued and helping justify higher gold prices despite new record highs in U.S. stocks. ^[9]

Gold price today in India (headline retail rates)

There’s no single “official” Indian gold rate, but most major outlets are clustered in a tight band:

National‑level snapshots:
- 24K (999) gold: Around ₹12,600–₹12,800 per gram today. Goodreturns, Mint and other price trackers quote ₹12,578–₹12,780/g for 24‑carat. ^[10]
- 22K (91.6%) gold: Roughly ₹11,500–₹11,700 per gram, depending on city and source. ^[11]
Delhi example: Times of India data shows 22K gold at about ₹11,730 per gram (₹1,17,300 per 10g) today in the capital. ^[12]
Broad city range: A live blog from ET Now shows 24K gold around ₹1,25,980–₹1,26,110 per 10g in major cities like Bengaluru, Chennai, Hyderabad and Ahmedabad, with 22K near ₹1,15,500–₹1,15,640 per 10g. ^[13]

On the derivatives side, MCX gold futures in India have pushed above ₹1.26 lakh per 10g, hitting their own three‑week high, broadly mirroring the global move. ^[14]

What’s driving gold on 13 November 2025?

1. U.S. shutdown ends, but debt and data worries linger

The big macro story behind today’s move is the end of the longest U.S. government shutdown in history.

On Wednesday evening in Washington, President Trump signed a funding bill after the House of Representatives approved legislation to reopen the federal government, ending a 43‑day shutdown that had frozen key economic reports. ^[15]
Reuters notes that while reopening removes one source of headline risk, it adds to U.S. debt concerns: the latest deal is expected to push annual borrowing higher, with total federal debt already near $38 trillion and projected to climb by about $1.8 trillion per year. ^[16]
With official payrolls and CPI data delayed by the shutdown, markets have been leaning more heavily on private labor indicators that show a softer job market, bolstering the case for more Fed easing even as the government comes back online. ^[17]

That odd mix – political relief, heavier debt and patchy data – is exactly the kind of backdrop where investors like to own some gold on the side, even as they buy equities.

2. Fed rate‑cut expectations keep real yields in check

Gold pays no interest, so it thrives when investors believe real interest rates are headed lower.

A Reuters poll cited by multiple outlets shows roughly 80% of surveyed economists now expect the Fed to cut rates by another 25 basis points at its December meeting, following a quarter‑point cut last month. ^[18]
CME FedWatch probabilities have dipped from the week’s highs but still imply better‑than‑even odds of a December cut, even as risk assets rally. ^[19]
Analysts at FXStreet and Mitrade stress that any temporary pullbacks in gold are being treated as “buy the dip” opportunities so long as the market believes the Fed’s next move is another trim rather than a hike. ^[20]

Put simply: weak data + dovish Fed chatter – firm but not surging dollar = supportive backdrop for bullion.

3. Central‑bank buying and China’s hunger for gold

Another quiet but powerful tailwind: central banks keep buying metal hand over fist.

Investing.com highlights that the People’s Bank of China has now added to its gold reserves for 12 consecutive months, a clear signal that major reserve managers still see gold as strategic insurance. ^[21]
Analysts quoted by FXLeaders and The Economic Times note that central‑bank accumulation, alongside retail and ETF demand, has turned dips into buying opportunities all year, and has been a key reason gold has managed to stay above the $4,000 line even during risk‑on bursts in stocks. ^[22]

With official sector demand acting like a safety net, speculative selling in gold tends to be short‑lived unless the macro picture really improves.

4. Dollar and stocks: not your typical “fear spike”

One striking feature of this rally: gold is rising even as stocks trade near records.

Overnight commentary points out that U.S. and global indices are at or near all‑time highs on optimism that the shutdown is over and that weaker data will coax the Fed into more support, not less. ^[23]
At the same time, the Dollar Index is easing back toward the low‑99s, and long‑term yields are drifting lower, so holding gold as a hedge against policy missteps and long‑term inflation still makes sense for many institutional portfolios. ^[24]

This isn’t a classic panic bid into gold; it’s more of a “hedged optimism” trade – investors are happy about the reopening and stronger equities, but unconvinced that the economic damage and debt build‑up won’t come back to bite later.

What today’s major gold headlines are saying

Here’s how some of today’s big stories frame the move:

Reuters: reports that gold has hit a more‑than‑three‑week high around $4,227/oz, driven by expectations that the reopening U.S. government will boost debt and by growing conviction that the Fed will cut rates again next month. The wire notes gold is up about 60% year‑to‑date, after setting a record near $4,381 in October. ^[25]
Investing.com: says spot gold is up about 0.4% to $4,210.63, with December futures near $4,214.60, as traders remain uneasy about the U.S. economic outlook even after the shutdown ends. The piece highlights ongoing central‑bank buying, especially from China, as a key pillar for bullion. ^[26]
FXStreet / Mitrade: describe gold as “battling $4,200” and trading near $4,213, with markets weighing dovish Fed expectations against optimism around the U.S. government reopening. Their technical view still favours buy‑the‑dip strategies, while warning that a clean break below the low‑$4,100s could trigger a deeper pullback. ^[27]
FXLeaders: headlines that “XAU tops $4,210 as rate‑cut bets and dollar weakness fuel bullish momentum,” arguing that central‑bank buying, a soft dollar and hopes for another December cut justify upside targets toward $4,300+, with key support flagged near $4,097. ^[28]
The Economic Times & Business Standard: relay a slightly earlier snapshot, noting that gold briefly slipped about 0.1% to roughly $4,195 as the dollar attempted a bounce, but emphasise that prices remain well above $4,100 and that economists still overwhelmingly expect a rate cut next month. ^[29]
Indian outlets (ET Now, Mint, Goodreturns, Gadgets360): focus on the domestic impact, with 24K gold in India broadly around ₹1.26 lakh per 10g and multiple cities (Bengaluru, Chennai, Hyderabad, Mysuru, Ahmedabad and others) now quoting their highest local prices in several weeks. ^[30]

Gold rate today in India: what buyers are seeing

For Indian households, today’s story is simple: gold is expensive again.

National aggregates suggest 24K gold around ₹12,600–₹12,800 per gram and 22K around ₹11,500–₹11,700 per gram, up roughly ₹200+ per gram from yesterday’s levels on many portals. ^[31]
City‑by‑city, ET Now’s live blog shows:
- Bengaluru & Mysuru around ₹1,26,050/10g (24K) and ₹1,15,580/10g (22K)
- Chennai close to ₹1,26,020/10g (24K) and ₹1,15,550/10g (22K)
- Many other cities (Hyderabad, Pune, Ahmedabad, Nagpur, Indore) clustered within a few hundred rupees of those levels. ^[32]
Gadgets360 and Goodreturns quote national averages near ₹1,26,120/10g (24K) and ₹1,15,530/10g (22K), consistent with the live‑blog ranges. ^[33]

The spread between different websites reflects local taxes, making charges, and timing – online feeds update at slightly different moments – but the broad picture is clear: domestic prices have bounced sharply from this week’s brief dip and are back near recent peaks.

Technical picture: key support and resistance zones

Short‑term charts still show a strong uptrend in XAU/USD:

FXStreet’s daily analysis notes that momentum indicators such as the 14‑day RSI remain firmly in bullish territory, and that gold continues to print higher highs and higher lows. A daily close above $4,200 would keep the path open for a push toward $4,250 and a potential retest of the October record high near $4,382. ^[34]
On the downside, analysts highlight several layered support zones:
- Prior resistance turned support around $4,129
- The 21‑day moving average near $4,080–$4,090
- The $4,050 area, which lines up with a key Fibonacci retracement of the recent surge
- Deeper support around $4,000, which, if broken, could signal a more meaningful correction rather than a routine dip. ^[35]
FXLeaders, meanwhile, frames the $4,097–$4,100 band as a “buy‑on‑dips” zone, with upside targets in the $4,250–$4,307 region if bulls stay in control. ^[36]

Put together, the technical message is: momentum is still bullish, but after such a steep run, even a normal pullback could be a few hundred dollars deep without necessarily breaking the larger uptrend.

What this means for different types of investors

(This is general market commentary, not personal investment advice.)

Short‑term traders

Volatility is high; intraday swings of $40–$80 per ounce are now common as algorithms react to every headline about the Fed, the shutdown fallout, or the dollar. ^[37]
Many day‑traders are watching:
- $4,200 as a pivot level
- $4,250–$4,260 as initial resistance
- $4,130 and $4,100 as “line‑in‑the‑sand” supports for the current leg higher. ^[38]

Breaks and retests around those areas are likely to drive the rest of today’s price action.

Long‑term gold holders

For long‑term investors, the story hasn’t changed much – only the price level has:

Gold is once again proving its role as a hedge against policy uncertainty, debt expansion and potential inflation, but it is no longer “cheap” by any historical metric. ^[39]
Big banks like JPMorgan and Wells Fargo have published multi‑year forecasts in the $4,500–$4,700 range for 2026, and some research even floats scenarios where gold trades above $5,000 by late 2026 if central banks keep cutting and geopolitical tensions stay high. ^[40]

If you already hold gold, today’s move simply reinforces the idea that it has been a strong diversifier. If you don’t, the main questions are how much volatility you can tolerate and whether you prefer physical bullion, ETFs, or futures/derivatives – each comes with different risks and costs.

Indian buyers and jewellery demand

In India, the world’s second‑largest consumer of gold:

The jump back toward ₹1.26 lakh per 10g makes wedding and festival purchases heavier on the wallet, but history shows that demand rarely disappears entirely – it shifts in weight, purity and timing instead. ^[41]
Many families spread purchases over time or opt for 22K instead of 24K, and some are increasingly using SIP‑style gold saving schemes or sovereign gold bonds as complements to physical jewellery. ^[42]

If you’re buying for a wedding or religious occasion, timing is often dictated more by dates on the calendar than price – but comparing city rates and making charges is more important than ever at these levels.

Quick Q&A: Gold price today, 13 November 2025

1. Why is gold still rallying even after the U.S. government reopened?

Because reopening doesn’t erase the damage. Markets now have to digest lost output, delayed data, and higher debt, while labour indicators already looked soft. That combination keeps the December rate‑cut narrative alive, which is positive for gold, even as the immediate “shutdown fear” fades. ^[43]

2. Could gold hit a new all‑time high again soon?

Technically, yes: the market is only a few percent below October’s record near $4,381, and several banks and research houses expect at least a retest of that area if the Fed cuts again and the dollar stays soft. But after such a huge run, the path to new highs is unlikely to be in a straight line – sharp pullbacks are entirely possible along the way. ^[44]

3. Is today a “good time” to buy gold?

That depends on your time horizon and risk tolerance:

Short‑term: You’re buying into strength after a parabolic move, which carries the risk of a sizeable correction if the Fed turns less dovish or the data surprises positively. ^[45]
Long‑term: If your goal is to hold gold as a small slice of a diversified portfolio, the exact entry day tends to matter less than overall allocation and holding period.

Either way, it’s worth stress‑testing your plan for scenarios where gold drops a few hundred dollars before resuming any longer‑term trend.

4. Why are Indian gold rates sometimes different from what global prices imply?

Because local factors – import duties, GST, currency moves, state‑level taxes, and jeweller margins – all sit on top of the international dollar price. That’s why one site can show ₹12,780/g while another shows ₹12,578/g for 24K on the same day, and why Delhi and Chennai might quote slightly different numbers even when global gold is flat. ^[46]

XAUUSD Gold Technical Analysis Levels Revealed