Gold Price Today November 11, 2022: Both Gold and Silver will trade on the higher side of the Multi Commodity Exchange (MCX) on Friday. View the latest city prices here.
New Delhi,UPDATED: November 11, 2022 10:13 AM IST
Gold, Silver Price Today, November 11, 2022: Precious Metals witnessed a rise on MCX. (File photo)
By India Today Web Desk: After showing mixed trends in the Indian markets yesterday, both gold and silver traded on the higher side of the Multi Commodity Exchange (MCX) on Friday, November 11.
Witnessing a marginal rise of Rs 23 or 0.04 percent, gold futures, which expired on December 5, 2022, stood at Rs 52,150 per 10 grams on the MCX.
Meanwhile, silver futures, which expired on December 5, 2022, also registered a jump of Rs 19 or 0.03 percent and sold for Rs 62,044 per kg on the MCX.
Notably, the prices of gold and silver were respectively Rs 52,109 per 10 grams and Rs 61,911 per kg when the market closed on Nov. 10.
GOLD, SILVER PRICES IN BIG CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | €47,470 | Rs 61,900 |
| MUMBAIA | €47,370 | Rs 61,900 |
| KOLKATA | €47,370 | Rs 61,900 |
| CHENNAIA | €48,210 | Rs 67,500 |
In particular, 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 observed trends in precious metals velocity.