Both gold and silver were trading on the higher side of the Multi Commodity Exchange (MCX) on November 8.
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Recording a hike of Rs 59 or 0.12 per cent, gold futures, maturing on December 5, 2022, stood at Rs 50,862 per 10 grams on the MCX.
Meanwhile, silver futures, maturing on December 5, 2022, witnessed a jump of Rs 317 or 0.52 percent and were retailing at Rs 60,244 per kg on the MCX.
GOLD, SILVER PRICES IN MAJOR CITIES
Yesterday, the rates of gold and silver stood at Rs 50,866 per 10 grams and Rs 60,538 per kg respectively when the market closed on November 7.
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In India, gold and silver prices depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.
