The invention relates to mulcel fiber/far-infrared fiber high-grade knitted fabric, belonging to the technical field of spinning. The fabric is woven by yarn constituted by mulcel fiber and far-infrared fiber, the yarn is mulcel fiber and far-infrared fiber blended yarn, the mulcel fiber and far-infrared fiber blended yarn is mulcel fiber and far-infrared viscose fiber blended yarn, the fabric is woven by yarn formed by dyeing gray yarn and then merging into the three-strand yarn, and the specification of the mulcel fiber and far-infrared fiber blended yarn is 32s/3; and the blending ratio is as follow: the mulcel fiber accounts for 70%, and the far-infrared viscose fiber accounts for 30%. The fabric disclosed by the invention has good heat insulation property, anti-pilling property, comfort and softness, and can fully reflect salient moisture absorption gas permeability and natural antibacterial, anti-mite, anti-odor, anti-moth, anti-ultraviolet, antistatic and other performances; and the far-infrared fiber is natural, environment-friendly, bright in dyed color and unique in keeping warm, and can realize health care, improves blood micro-circulation and the like.