Gold and Silver Prices Jump By Rs 330 and Rs 800 Respectively

On Saturday, November 11, 2023, i.e. today, the price of Gold and Silver surged in the early trade. The sources familiar with the development claimed that the precious metal was selling for Rs 61,090 during the early hours when the market opened on Saturday. Reportedly, the price of 24-carat gold surged by Rs 330 taking its price to Rs 61,090 on Saturday morning. People always remain curious about the trading price of precious metals (Gold and Silver). If you are also scrambling to the web regarding the price of Gold and Silver for today, the following sections are waiting for you. You are asked to stick with this page and go through this article till the end. Swipe down the page.

Gold and Silver

The price of silver rose Rs 800 while the price of 24-carat gold surged Rs 330 on Saturday, November 11, 2023. One kilogram of silver was selling at Rs 74,000 and 10 grams of 24-carat was selling at Rs 61,090. However, the 22-carat gold was selling at Rs 56,000 as it surged by Rs 300. The price of 24-carat gold was similar in metro cities like Mumbai, Kolkata, and Hyderabad, the yellow metal was at Rs 61,090. What is the price of 24K Gold in Delhi? Swipe down the page to learn this.

Talking about the price of 10 grams of 24-carat gold in Delhi, it was selling for Rs 61,240 while the yellow metal was selling for Rs 61,090 in Bengaluru and Rs 61,580 in Chennai. In Mumbai, the rate of 22K gold is in line with the price of 22-carat gold in Kolkata and Hyderabad at Rs 56,000. A slight spike in the rate of 22-carat gold in Delhi was seen as it was selling for Rs 56,150 and at Rs 56,450 in Chennai. In Bengaluru, the price of 22-carat gold is in line with Mumbai, Kolkata, and Hyderabad. Continue reading this article for more details. Scroll down.

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Senior analyst at Kitco Metals, Jim Wyckoff said, “Gold will continue to trade sideways to lower in the near term unless we see an escalation in geopolitical events, weak US economic report or if the Fed suggests it is done raising rates,” Fawad Razaqzada who is market analyst at City Index, said, “A hawkish Powell is the main reason for gold’s weakness this week. It is also undermined by investor risk appetite improving over the last few weeks,” Diwali festival glorified demand for physical gold in India, but purchases were slightly lower compared with last year as increased prices put off some customers.

Amzad Khan
Amzad Khan

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