Agency
new delhi, Nov 12
Gold and silver prices to remain in focus. The 24-carat gold is trading below the Rs 80,000 per 10-gram mark, which it touched on the back of increased festive demand.
“Also, Gold ETFs witnessed over 133% surge in inflows at Rs 1961.57 crore in October 2024 as it has been increasingly gaining popularity among investors due to liquidity, transparency and global price alignment,” said Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics.
Gold and silver rates today, November 12
The 24-carat gold rate in India was quoted for a price of Rs 75,470 per 10 grams on November 12. The rate for 24-carat gold per gram is Rs 7,547.
While the rate of 22-carat gold was Rs 69,181 per 10 grams, falling below Rs 70,000 for the first time in the last ten days.
“International and domestic gold and silver prices tumbled on Monday, amid pressure from a rally for the dollar. Hawkish comments from Minneapolis Fed President Kashkari boosted the dollar when he said that US economic strength and higher productivity could prompt the Fed to cut rates less than expected. The markets are discounting the chances at 65% for a 25-bps rate cut at the December 17-18 FOMC meeting, down from 80% a week ago and 85% a month ago,” said Sriram Iyer, Senior Research Analyst at Reliance Securities.
The price of 24-carat gold has fallen by 4% in the last week and 4.3% in the last ten days. The silver is available to Indian customers today at a price of Rs 89,300 per kilogram.
Gold rate in Mumbai on November 12
Today, the 24-carat Gold is priced at Rs 75,470/10 grams. On November 11, the gold was available for Rs 77,440/10 grams. A week back, on November 05, gold was sold for Rs 78,600/10 grams.
Silver rate in Mumbai on November 12
Silver was sold for a price of Rs 89,300/Kg on November 12 in Mumbai, a fall of Rs 2,150. A day ago, the shinning metal was priced at Rs 91,450/Kg and a week ago the price was Rs 94,780, a rise of Rs 420.
Gold rate in Kolkata on November 12
The 24-carat gold was trading for a price of Rs 75,370/10 grams, today, November 12. The glittering metal was selling for Rs 77,340/10 grams yesterday and was quoting for Rs 78,490/10 grams last week.
Silver rate in Kolkata on November 12
Today, the silver in Kolkata was selling for a price of Rs 89,180/Kg. The price of silver was Rs 91,330/Kg on November 11. Last week, the metal was trading at Rs 94,660/Kg.
Gold rate in Delhi on November 12
On November 12, the gold was selling for Rs 75,340/10 grams. The gold was quoted at Rs 77,310/10 grams on November 11. While the price of the 24K gold was Rs 78,460/10 grams a week ago.
Silver rate in Delhi on November 12
In Delhi, the silver was priced at Rs 89,150/Kg on November 12. The price of silver was Rs 91,290/Kg on November 11. A week ago, the silver was trading for a price of Rs 94,620/Kg.
Gold rate in Chennai on November 12
On November 12, the gold was quoted in Chennai for a price of Rs 75,710/10 grams. On November 11, it was quoted for Rs 77,660/10 grams. A week ago, the price of gold was Rs 78,820/10 grams in Chennai.
Silver rate in Chennai on November 12
The silver rate in Chennai today, November 12, is Rs 89,550/Kg. On November 11, the price of silver was Rs 91,710/Kg. The silver in Chennai was available to the customers for a price of Rs 95,060/Kg a week ago.
MCX Futures on November 12
The gold MCX futures contracts with the expiry of December 2024 were quoted for Rs 75,389 per 10 gm. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 89,120 per kg.
