On November 16, gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX). Witnessing a hike of Rs 115 or 0.23 per cent, gold futures, maturing on December 3, 2021, are trading at Rs 49,340 per 10 grams on the MCX.

Meanwhile, recording a marginal hike of Rs 383 or 0.58 per cent, silver futures, maturing on December 3, 2021, stand at Rs 66,800 per kg.

Gold and silver prices in international market

As per Reuters, gold prices steadied on Tuesday, after rallying to a five-month peak in the previous session, as concerns over broadening inflationary risks kept bullion’s safe-haven appeal intact in the face of a stronger U.S. dollar and elevated bond yields.

Also, spot gold was flat at $1,862.81 per ounce, as of 0140 GMT. U.S. gold futures were also flat at $1,866.80.

A stronger dollar makes gold more expensive for buyers holding other currencies, while higher yields increase the metal’s opportunity cost. The report said that spot silver was steady at $25.04 per ounce.

Gold and Silver prices in Indian cities: