Gold Price Today in India: Gold and silver prices again came under pressure, driven by US inflation concerns raising the expectations of further interest rate hikes this year. Even though the precious metals rallied through most of the part of the previous session, but gold pared all the gains and had a sharp fall towards the end of the session on Nov. 11, while silver pared most of the gains of the session however closed around 1% higher than Nov. 10 closing.
MCX Gold futures with December delivery closed at Rs 1,39,716 per 10 grams; however, silver futures with the same delivery closed at Rs 1,84,525 per kg, up around 1.1%.
Both yellow and the white metal tracked the international gold and silver prices, as both declined as the dollar strengthened further, besides the rate hike worry. Today, on Nov. 12, gold and silver prices on COMEX are down, extending the losses.
COMEX gold price was down 0.3% to $3,988 per ounce, while COMEX silver was down 1.02% to $51.47 per ounce.
In India, 24K gold price stood at Rs 1,40,280 per 10 gm, while Silver was at Rs 1,85,340 per kg.
22K gold stood at Rs 1,28,590 per 10 gm, while 925 sterling silver was at Rs 1,71,440 per kg, as per Bullion.co.in.
Also Read: Unwinding The Metal Trade: Why Some Chinese Investors Are Selling Gold To Pay Their Tax Bills
City-Wise Gold Rates
Here are 24K gold prices in major cities based on the latest data:
Mumbai: Rs 1,40,020 per 10gm
Delhi: Rs 1,39,780 per 10gm
Chennai: Rs 1,40,430 per 10gm
Kolkata: Rs 1,39,840 per 10gm
Bengaluru: Rs 1,40,130 per 10gm
Hyderabad: Rs 1,40,240 per 10gm
In Mumbai, 22K gold was at Rs 1,28,352; Delhi at Rs 1,28,132; Chennai at Rs 1,28,728; Kolkata at Rs 1,28,187; Bengaluru at Rs 1,28,453; and Hyderabad at Rs 1,28,553 per 10gm.
City-Wise Silver Rates
Here are Silver 999 Fine prices in major metro cities based on the latest data:
Mumbai: Rs 1,85,010 per kg
Delhi: Rs 1,84,690 per kg
Chennai: Rs 1,84,760 per kg
Kolkata: Rs1,82,510 per kg
Bengaluru: Rs 1,85,150 per kg
Hyderabad: Rs 1,85,300 per kg
Also Read: Selling Bullion? The Two Prices Gold And Silver Investors Must Watch Now
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.