On November 8, 2021, both gold and silver are trading on the higher side of the Multi Commodity Exchange(MCX). Recording a hike of Rs 103 or 0.21, gold futures, maturing on December 3, 2021, are retailing at Rs 48,000 per 10 grams on the MCX.
Meanwhile, the rate of silver futures, maturing on December 3, 2021, stands at Rs 64,602 per kg, recording a jump of Rs 364 or 0.57 per cent on the MCX.
On Friday, while gold was trading at Rs 47,300 per 10 grams on the MCX, with a hike, silver was at Rs 62,750 per kg, recording a jump of Rs 1,759.
Gold and Silver prices in international market:
As per the metal report by Reuters, gold prices extended a rally to hit a two-month high on Monday as a retreating dollar bolstered the precious metal’s appeal. Spot gold rose 0.1 per cent to $1,817.65 per ounce by 0127 GMT, having hit its highest since September 7 earlier in the session.
Meanwhile, U.S. gold futures rose 0.3 per cent to $1,822.30. The precious metal rose as much as 1.5 per cent on Friday despite a better-than-expected U.S. payrolls report that suggested economic activity was regaining momentum early in the fourth quarter.
The report revealed that the dollar index was steady on Monday, but retreated 0.4 per cent from a more than one-year peak hit on Friday, lifting bullion’s appeal by decreasing its cost to buyers holding other currencies.
On the other hand, spot silver rose 0.3 per cent to $24.25 per ounce.
Gold and Silver prices in Indian cities:
NEW DELHI —GOLD (per 10 grams,22 carats)–Rs 47,270,, SILVER (per kg) –Rs 64,800
CHENNAI —GOLD (per 10 grams,22 carats)–Rs 45,430,, SILVER (per kg) –Rs 68,700
MUMBAI —GOLD (per 10 grams,22 carats)–Rs 46,220,, SILVER (per kg) –Rs 64,800
KOLKATA —GOLD (per 10 grams,22 carats)–Rs 47,520,, SILVER (per kg) –Rs 64,800