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Gold Soars Past $4,000 for the First Time – Inside the Historic Rally and What’s Next
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Gold Price Today, 9 Nov 2025: XAU/USD holds near $4,000 ahead of U.S. CPI; India retail rates mixed

by
9 November 2025

Updated: 9 November 2025 (Sunday)

Quick take

  • Spot gold is hovering around the $4,000/oz mark after Friday’s modest gain; December COMEX futures settled near $4,009.80/oz. Global markets are closed today; next price discovery comes with Asia’s Monday open. [1]
  • Friday’s close: XAU/USD ended $3,999.72/oz with an intraday range of $3,974–$4,028. Record high remains $4,381.6/oz set on Oct 20. [2]
  • India (retail & MCX): MCX Dec gold finished Friday at ₹1,21,038/10g; Sunday city quotes show 24K ₹1,21,250/10g in Mumbai and ₹1,21,040/10g in Delhi (jeweller mark‑ups apply). [3]
  • Context: Fed cut rates by 25 bps on Oct 29; U.S. CPI (Oct) lands Thursday, Nov 13, and FOMC minutes arrive Nov 19—key catalysts for bullion. [4]

Where gold stands right now (9 Nov 2025)

With spot markets shut on Sunday, traders are working off Friday’s close and weekend dealer indications. Reuters reported spot gold around $4,005/oz late Friday, while December COMEX settled at $4,009.80/oz. Investing.com’s daily table shows a $3,999.72/oz close, high $4,027.63, low $3,974.41. Early Sunday dealer quotes were still clustered just above $4,000/oz. [5]

The bigger picture

Gold is consolidating roughly 9% below October’s all‑time high (~$4,381/oz) after a volatile month fueled by safe‑haven flows and shifting Fed expectations. [6]

What’s moving the price today

  • Federal Reserve backdrop: The Fed lowered the funds rate by 25 bps on Oct 29 and signaled caution given data gaps during the U.S. shutdown—supportive for non‑yielding assets like gold. Markets are debating odds of another cut in December. [7]
  • U.S. data week ahead: The October CPI prints Thursday, Nov 13 (08:30 a.m. ET)—the marquee macro event for bullion this week. A softer read would typically reinforce rate‑cut bets and the case for gold. [8]
  • China lens: Sunday’s data showed factory‑gate deflation easing and CPI back in positive territory, a mix that can sway industrial and investment demand for precious metals. Separately, China trimmed a long‑standing VAT exemption to 6% for some retail gold purchases from Nov 1, a shift that has cooled parts of the physical market. [9]
  • Physical markets (Asia): In India, post‑festival demand has softened, widening dealer discounts to as much as $14/oz versus official domestic prices this week; China premiums narrowed as activity cooled. [10]

India gold rate today (9 Nov 2025)

  • MCX (futures): Gold Dec contract ₹1,21,038/10g at Friday’s close; silver Dec ₹1,47,789/kg. [11]
  • Retail snapshot:
    • Mumbai: 24K ₹1,21,250/10g, 22K ₹1,11,146/10g.
    • Delhi: 24K ₹1,21,040/10g, 22K ₹1,10,953/10g.
      (Rates vary by jeweller; making charges and taxes apply.) [12]

Additional trackers covering India’s city‑wise prices are also flashing broadly similar bands today (e.g., GoodReturns and DNA India round‑ups). [13]

Key levels and context traders are watching

  • Psychological handle:$4,000/oz remains the first battleground into Monday’s Asia open. Friday’s $3,974–$4,028 range frames near‑term support/resistance. [14]
  • Recent extremes:Record high on Oct 20: $4,381.6/oz; a sharp pullback followed as profit‑taking kicked in. [15]
  • Positioning & demand currents: Central‑bank buying and investment flows stayed firm into Q3, while jewellery demand lagged at higher prices, per World Gold Council tallies summarized by Reuters. [16]

This week’s gold calendar (all times ET)

  • Thu, Nov 13—U.S. CPI (Oct) at 08:30 (BLS). [17]
  • Fri, Nov 14—U.S. PPI (Oct) at 08:30 (BLS). [18]
  • Wed, Nov 19—FOMC minutes (Oct 28–29 meeting) at 14:00 (Fed). [19]

How to read today’s setup

  • Bullish case: If CPI cools and the dollar softens further, bullion has room to re‑test the early‑November highs above $4,020/oz and potentially stretch toward late‑October resistance bands. [20]
  • Bearish case: A firm CPI and pushback on December cut odds could nudge gold back toward Friday’s $3,974/oz low or last week’s downdraft levels near $3,940–$3,960/oz seen earlier in the week. [21]

Headlines from today (9 Nov 2025) that matter for gold

  • India retail prices update (city‑wise; MCX wrap) — LiveMint mid‑day Sunday bulletin with the latest ₹/10g quotes and Friday’s MCX settle. [22]
  • Wedding‑season buying trends — India Today’s Sunday feature: demand patterns are evolving, with buyers adapting to high prices (context for retail flow). [23]
  • China macro pulse — Reuters: CPI positive again; producer deflation eases, shaping Asia’s risk tone into Monday’s open. [24]

FAQ

Is gold trading today?
No—global spot and futures markets are closed on Sunday. The next live action begins with Asia’s open early Monday (local time). Pricing references today rely on Friday’s closes and dealer indications. [25]

Where did gold settle on Friday?
Spot hovered around $4,005/oz late in New York; Dec COMEX settled $4,009.80/oz; the official daily close on XAU/USD was $3,999.72/oz. [26]

What’s the next big macro catalyst?
U.S. CPI (Oct) on Thursday, Nov 13—a key input for the Fed’s December decision path. [27]

Methodology & sources

Prices and market moves are cross‑checked across Reuters market wraps and exchange/price tables (COMEX settlement; XAU/USD daily close). India city rates use Mint’s Sunday recap, with corroboration from other Indian price trackers. Macro dates come from BLS and the Federal Reserve calendars. For context on physical flows and demand, we reference Reuters coverage of the World Gold Council’s Q3 report and Asia physical market updates. [28]

Editorial note: This article is for information and news purposes and is not investment advice. Always check live prices and consult a licensed advisor before trading or purchasing bullion.

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References

1. www.reuters.com, 2. www.investing.com, 3. www.livemint.com, 4. www.federalreserve.gov, 5. www.reuters.com, 6. www.investing.com, 7. www.federalreserve.gov, 8. www.bls.gov, 9. www.reuters.com, 10. www.reuters.com, 11. www.livemint.com, 12. www.livemint.com, 13. www.goodreturns.in, 14. www.investing.com, 15. www.investing.com, 16. www.reuters.com, 17. www.bls.gov, 18. www.bls.gov, 19. www.federalreserve.gov, 20. www.reuters.com, 21. www.investing.com, 22. www.livemint.com, 23. www.indiatoday.in, 24. www.reuters.com, 25. www.investing.com, 26. www.reuters.com, 27. www.bls.gov, 28. www.reuters.com

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