In the last week, the price of gold rose by Rs. 2,300/10 grams, while silver prices in the same period increased by Rs. 900/kg has increased.
The MCX opened for its evening session at 5 pm today, as the morning session was closed from 9 am to 5 pm due to Maharashtra state elections.
Internationally, gold prices hit a one-week high on Wednesday, rising for the third consecutive session. This was driven by a softer dollar and escalating Russia-Ukraine tensions, which increased demand for safe-haven assets.
Spot gold rose 0.2% to $2,636.59 an ounce by 0538 GMT, the highest since Nov. 11, while U.S. gold futures rose 0.3% to $2,639.80.
-
Stock trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
-
Stock trading
Technical Analysis Demystified: The Complete Guide to Trading
-
Stock trading
Candlesticks Made Easy: Candlestick Pattern Course
-
Stock trading
Options Scalping Made Easy
-
Stock trading
Market 104: Options Trading: Kickstart Your F&O Adventure
-
Stock trading
Ichimoku Trading Unlocked: Expert Analysis and Strategies
-
Stock trading
Stock markets made easy
-
Stock trading
The Complete Guide to Stock Market Trading: From Basics to Advanced
-
Stock trading
RSI Trading Techniques: Mastering the RSI Indicator
-
Stock trading
RSI Made Easy: RSI Trading Course
-
Stock trading
Cryptocurrency Made Easy: Cryptocurrency Course
-
Stock trading
Algo trading made easy
-
Stock trading
Point and Figure Chart Mastery: A Comprehensive Trading Guide
-
Stock trading
Market 101: Insights into Trendlines and Momentum
The US dollar’s rally was paused last week, making bullion more attractive to buyers holding other currencies.
Currently, traders are predicting the possibility of a 25-basis-point cut in December. Recent strong data and US President-elect Donald Trump’s proposed tariffs point to rates staying high for longer.
The market is adjusting its expectations for Fed cuts next year, as inflation becomes a bigger concern. Higher rates reduce the appeal of non-yielding gold.
City wise gold rates
As of November 19, gold rates in various cities are as follows:
Gold Price in Delhi
Standard gold (22 carat) price in Delhi is Rs. 57,992/8 grams, while the price of pure gold (24 carat) is Rs. is 61,864/8 grams.
Gold Price in Mumbai
Standard gold (22 carat) price in Mumbai is Rs. 57,744/8 grams, while the price of pure gold (24 carat) is Rs. is 61,584/8 grams.
Gold Price in Chennai
Standard gold (22 carat) price in Chennai is Rs. 56,816/8 grams, while the price of pure gold (24 carat) is Rs. is 60,584/8 grams.
Gold Price in Hyderabad
Standard gold (22 carat) price in Hyderabad is Rs. 57,040/8 grams, while the price of pure gold (24 carat) is Rs. is 60,776/8 grams.
(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)
