On November 24, gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX). Witnessing a hike of Rs 175 or 0.37 per cent, gold futures, maturing on December 3, 2021, are trading at Rs 47,569 per 10 grams on the MCX.

Meanwhile, recording a marginal hike of Rs 159 or 0.25 per cent, silver futures, maturing on December 3, 2021, stand at Rs 62,877 per kg.

Yesterday, gold recorded a jump of Rs 12 or 0.03 per cent, trading at Rs 47,946 per 10 grams. Silver stood at Rs 64,637 per kg, witnessing a downfall of 0.03 per cent or Rs 20.

Gold and silver prices in the international market:

According to the report by Reuters, gold prices edged up on Wednesday, although strength in the U.S. dollar and bets that the Federal Reserve could raise interest rates sooner kept the metal below the key $1,800 mark.

Meanwhile, spot gold rose 0.3 per cent to $1,794.96 per ounce by 0239 GMT, after slipping as much as 1.4 per cent to its lowest since November 5 on Tuesday. U.S. gold futures added 0.6 per cent to $1,793.90 per ounce.

The dollar index was steady and remained close to its highest in 16 months, raising bullion’s cost to buyers holding other currencies.

Indicative of sentiment, SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings rose 0.6% to 991.11 tonnes on Tuesday from 985 tonnes on Monday. On the other hand, spot silver fell 0.3 per cent to $23.58 per ounce. Platinum rose 1.1 per cent to $979.99 and palladium gained 1.2 per cent to $1,890.21.

Gold and Silver prices in major Indian cities: