India bids adieu to the month-long festivities but gold and silver prices continue to be in focus. Though the price of 24-carat gold has come down from Rs 80,000 per 10-gram mark, it is trending strong. It had touched the recent highs on the back of increased festive demand. Purchasing gold around the festivities is common, serving both as an investment and as gifts for loved ones.
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Gold and silver rates today, November 11
The 24-carat gold rate in India was quoted for a price of Rs 77,440 per 10 grams on November 11. The rate for 24-carat gold per gram is Rs 7,744. The rate of 22-carat gold was Rs 70,987 per 10 grams.
“On Friday, Gold traded weak, dropping by Rs 300 to Rs 77,150 amid strength in the dollar index and the Federal Reserve’s policy announcement that aligned with expectations of a 0.25% rate cut. The Fed’s outlook, coupled with inflation trending toward the targeted 2%, offered no new surprises to support gold prices. Profit booking continued following Trump’s election victory. Gold is currently facing resistance in the Rs 77,250-Rs 77,350 range, while a strong short-term support level is seen at Rs 76,500,” said Jateen Trivedi, Vice President and Research Analyst of Commodity and Currency at LKP Securities.
The price of 24-carat gold has fallen by 1.3% in the last week and 1.8% in the last ten days. The silver is available to Indian customers today at a price of Rs 91,450 per kilogram.
Gold rate in Mumbai on November 11
Today, the 24-carat Gold is priced at Rs 77,440/10 grams. On November 10, the gold was available for Rs 77,430/10 grams. A week back, on November 04, gold was sold for Rs 78,510/10 grams.
Silver rate in Mumbai on November 11
Silver was sold for a price of Rs 91,450/Kg on November 11 in Mumbai, a rise of Rs 20. A day ago, the shinning metal was priced at Rs 91,430/Kg and a week ago the price was Rs 94,360, a fall of Rs 1,230.
Gold rate in Kolkata on November 11
The 24-carat gold was trading for a price of Rs 77,340/10 grams, today, November 11. The glittering metal was selling for Rs 77,330/10 grams yesterday and was quoting for Rs 78,410/10 grams last week.
Silver rate in Kolkata on November 11
Today, the silver in Kolkata was selling for a price of Rs 91,330/Kg. The price of silver was Rs 91,310/Kg on November 10. Last week, the metal was trading at Rs 94,240/Kg.
Gold rate in Delhi on November 11
On November 11, the gold was selling for Rs 77,310/10 grams. The gold was quoted at Rs 77,300/10 grams on November 10. While the price of the 24K gold was Rs 78,380/10 grams a week ago.
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Silver rate in Delhi on November 11
In Delhi, the silver was priced at Rs 91,290/Kg on November 11. The price of silver was Rs 91,270/Kg on November 10. A week ago, the silver was trading for a price of Rs 94,200/Kg.
Gold rate in Chennai on November 11
On November 11, the gold was quoted in Chennai for a price of Rs 77,660/10 grams. On November 10, it was quoted for Rs 77,650/10 grams. A week ago, the price of gold was Rs 78,740/10 grams in Chennai.
Silver rate in Chennai on November 11
The silver rate in Chennai today, November 11, is Rs 91,710/Kg. On November 10, the price of silver was Rs 91,700/Kg. The silver in Chennai was available to the customers for a price of Rs 94,640/Kg a week ago.
MCX Futures on November 11
The gold MCX futures contracts with the expiry of December 2024 were quoted for Rs 77,292 per 10 gm. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 91,270 per kg.
