Gold, silver price today, November 12, 2024: Precious metals record hike on MCX
Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Tuesday, November 12, 2024.
Gold futures, maturing on December 5, 2024, stood at Rs 75,420 per 10 grams on the MCX, after recording a jump of Rs 69 or 0.09 per cent. The previous close was recorded at Rs 75,351.
Meanwhile, silver futures, maturing on December 5, 2024, witnessed a marginal hike of Rs 22 or 0.02 per cent and were retailing at Rs 89,204 per kg on the MCX against the previous close of Rs 89,182.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 1 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 7,234 | Rs 92,900 |
| MUMBAI | Rs 7,219 | Rs 92,900 |
| KOLKATA | Rs 7,219 | Rs 92,900 |
| CHENNAI | Rs 7,219 | Rs 1,01,900 |
The gold and silver prices in India 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.
GOLD, SILVER PRICES IN INTERNATIONAL MARKET
Gold ticked up on Tuesday but hovered near a one-month low, while investors awaited U.S. economic data and comments from Federal Reserve officials for further clarity on the interest rate trajectory, news agency Reuters reported.
According to the latest metal report, spot gold gained 0.2 per cent at $2,624.17 per ounce by 0155 GMT, while, U.S. gold futures rose 0.5 per cent to $2,630.10.
Among other precious metals, spot silver stood almost unchanged at $30.70 per ounce.