The prices of gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Friday, November 12, 2021. Witnessing a downfall of Rs 51 or 0.10 per cent, prices of gold futures maturing on December 3 stand at Rs 49,104 per 10 grams on the MCX.

Similarly, the market rates of silver stand at Rs. 66,800 per kg after recording a marginal dip of Rs 30 or 0.04 per cent.

Yesterday, i.e., on November 11, 2021, both gold and silver were trading on the higher side of the MCX. While gold prices stood at Rs. 48,941, recording a hike of Rs 101 or 0.21 per cent, silver was trading at Rs. 65,854, after witnessing a marginal hike of Rs 85 or 0.13 per cent.

Notably, both precious metal rates have been fluctuating all through this week.

Gold and silver prices in the international market:

According to Reuters, gold prices eased on Friday, following pressure from a strong dollar, but were set for their biggest weekly jump in six months. Investors and traders also took stock of the data on Thursday, news agency Reuters reported.

According to the latest metal report, spot gold fell 0.3 per cent to $1,856.20 per ounce by 0419 GMT, after hitting a five-month peak on Wednesday.

Meanwhile, US gold futures eased 0.3 per cent to $1,857.90.

Interestingly, the dollar index touched its highest since July 2020, pressuring bullion by increasing its cost for buyers holding other currencies.

In addition to this, spot silver fell 0.5 per cent to $25.10 per ounce.

Gold and Silver prices in major Indian cities: