Noida, Nov 13 (APAC Media): Gold and silver prices traded mixed across domestic and international markets on Friday, with futures on the Multi Commodity Exchange (MCX) gaining during the morning session, while international gold prices remained under pressure amid rising crude oil prices and mounting inflation concerns.
According to retail price data, 24-karat gold was priced at ₹1,37,300 per 10 grams in Delhi, while 22-karat gold stood at ₹1,25,858. Silver 999 was available at ₹1,79,630 per kilogram.
Gold and Silver Prices Today in India
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| City | 24K Gold (10g) | 22K Gold (10g) | Silver 999 (1kg) |
|---|---|---|---|
| Delhi | ₹1,37,300 | ₹1,25,858 | ₹1,79,630 |
| Mumbai | ₹1,37,880 | ₹1,26,390 | ₹1,80,580 |
| Bengaluru | ₹1,37,390 | ₹1,26,491 | ₹1,80,720 |
| Kolkata | ₹1,37,700 | ₹1,26,225 | ₹1,80,340 |
| Hyderabad | ₹1,38,100 | ₹1,26,592 | ₹1,80,870 |
| Chennai | ₹1,38,280 | ₹1,26,757 | ₹1,81,110 |
MCX Gold and Silver Rates
In the domestic futures market, MCX gold futures were trading approximately 0.71% higher at ₹1,37,790 per 10 grams during the morning session.
Meanwhile, MCX silver futures gained around 0.40% to trade at ₹1,80,270 per kilogram.
The domestic market’s gains came despite weakness in international bullion prices, highlighting the contrasting trends between global and Indian markets.
International Gold Prices Under Pressure
International gold prices declined for the third consecutive session on Thursday, touching their lowest levels in more than a year.
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Spot gold fell 2.7% to $3,881.70 per ounce, while US gold futures for December delivery dropped 2.8% to $3,888.70 per ounce.
The decline was linked to rising crude oil prices and concerns over inflation following fading hopes of a peace agreement in the Middle East. Higher inflation expectations can influence interest rate decisions and reduce the appeal of non-yielding assets such as gold.
Why Are Gold and Silver Prices Fluctuating?
Precious metal prices are influenced by several domestic and international factors, including:
- International gold and silver prices.
- US dollar movements.
- Crude oil prices and inflation expectations.
- Interest rate decisions by major central banks.
- Geopolitical tensions and investor demand.
- Import duties, taxes and currency fluctuations in India.
24K vs 22K Gold: What Should Buyers Know?
24-karat gold is considered the purest form of gold and is commonly preferred for investment purposes, including coins and bars.
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22-karat gold contains approximately 91.6% pure gold and is widely used for jewellery because it offers greater durability.
Silver 999 contains 99.9% pure silver and is commonly used for investment products such as silver coins and bars.
What Should Gold Buyers Keep in Mind?
Consumers planning to purchase gold or silver should compare rates across local jewellers before making a purchase. The final jewellery price may be higher than the quoted gold rate because of making charges, GST and other applicable costs.
Gold and silver prices can change throughout the trading day, so buyers should verify the latest rates with their jeweller before completing a transaction.
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Disclaimer: This article is for informational purposes only and is based on publicly available information. APAC Media is not responsible for investment decisions or losses. Please conduct your own research or consult a financial adviser before investing.
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