Gold and silver prices witnessed mixed movements in the Indian bullion market . While domestic gold futures recorded a decline, silver prices registered a marginal increase, creating different trends for buyers during the festive season.
Gold Prices Decline in Domestic Market
MCX December gold futures dropped by ₹1,731, or approximately 1.2%, to ₹1,42,364 per 10 grams. In the previous trading session, gold had closed at ₹1,44,095 per 10 grams.
In the Delhi bullion market, 24-carat gold was quoted at ₹1,46,300 per 10 grams, including taxes.
Silver Prices Show Slight Improvement
Silver performed slightly better than gold during the same period. MCX silver futures increased by ₹190 to ₹1,84,977 per kilogram, compared with the previous closing price of ₹1,84,787.
However, silver prices in Delhi’s spot market were reported at ₹1,92,500 per kilogram, including taxes.
Gold and Silver Rates Across Major Cities
The indicative gold prices reported for November 7 were:
| City | 24K Gold (10g) | 22K Gold (10g) |
|---|---|---|
| Delhi | ₹1,43,610 | ₹1,31,650 |
| Mumbai | ₹1,43,460 | ₹1,31,500 |
| Chennai | ₹1,43,350 | ₹1,31,400 |
| Kolkata | ₹1,43,460 | ₹1,31,500 |
Festive Demand Supports Bullion Market
The festive season continues to influence gold and silver purchases across India. Buyers are comparing prices before purchasing jewellery, coins and other precious-metal products.
International gold prices also remained an important factor influencing domestic market movements. Changes in the US dollar, bond yields and global economic expectations continued to affect bullion trading.
With domestic commodity exchanges closed over the weekend, Friday’s closing prices remain an important reference for buyers checking the latest market trends.
