Gold is proving once again why it is the most volatile asset of 2025. Just yesterday, headlines were screaming about a "crash" as prices tumbled by over ₹1,200. Bearish analysts were calling for a correction down to ₹72,000.

But today, Wednesday, November 26, the yellow metal has pulled a massive U-turn. MCX Gold futures have surged by ₹1,600, trading firmly back in the green. Spot markets in Zaveri Bazaar and Karol Bagh are reflecting this heat, with 24K gold hovering near the all-time high territory again.

Why the Sudden Jump? Two factors are driving this immediate reversal:

The "Trump Trade" Cooler: The dollar index cooled off slightly overnight. When the dollar weakens, gold (which is priced in dollars) automatically becomes cheaper for foreign buyers, driving up demand.

Desperate Wedding Demand, we are in the thick of the Indian wedding season (November 23 - December 15). Jewelers report that yesterday’s price drop triggered a massive "buy on dip" frenzy from families. That physical demand has put a floor under the price, preventing any further fall.

Silver is Outperforming while gold is the headline, Silver is the silent winner today, up nearly 2%. Industrial demand for silver (used in solar panels and EVs) is keeping the white metal robust despite the broader economic jitters.

The Advice for Buyers If you have a wedding in the family next month:

Don't wait for a crash. The support levels are too strong.

Buy in tranches. If you need 100 grams, buy 50 grams today. The volatility is here to stay until the US Fed meeting in December, but the long-term trend remains bullish. Yesterday’s dip was likely the best entry point you will get for a while.