On November 26, 2021, gold prices have recorded a hike, while silver is trading on the lower side of the Multi Commodity Exchange (MCX). Witnessing a jump of Rs 220 or 0.46 per cent, gold futures maturing on December 3, 2021, stand at Rs 47,615 per 10 grams on Tuesday.

Meanwhile, silver futures maturing on December 3, 2021, are retailing at Rs 63,101 per kg, witnessing a downfall of 0.06 per cent or Rs 39.

Gold and silver prices in the international market:

As per the report by Reuters, gold was set on Friday for its worst week in five months, as bullion prices were hammered by increasing bets that the U.S. Federal Reserve would accelerate the pace of stimulus tapering and raise interest rates sooner to curb rising inflation.

Meanwhile, spot gold rose 0.2 per cent to $1,792.62 per ounce by 0051 GMT. U.S. gold futures advanced 0.5 per cent to $1,793.90. The metal has declined more than 2.8 per cent this week, heading for its worst week since June 18.

The dollar index was steady but not far off a 16-month peak hit earlier this week. A stronger dollar makes bullion costlier for buyers holding other currencies.

China’s net gold imports via Hong Kong jumped to the highest since June 2018 in October, as buyers in the top consumer stocked up on the metal as a cushion against rising inflation.

Spot silver fell 0.1 per cent to $23.55 per ounce. Platinum dropped 0.6 per cent to $989.77, while palladium rose 0.4 per cent to $1,866.34.

Gold and Silver prices in major Indian cities: