Gold and silver prices to remain in focus. The 24-carat gold is trading below the Rs 80,000 per 10-gram mark, which it touched on the back of increased festive demand.
“Also, Gold ETFs witnessed over 133% surge in inflows at Rs 1961.57 crore in October 2024 as it has been increasingly gaining popularity among investors due to liquidity, transparency and global price alignment,” said Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics.
Gold and silver rates today, November 12
The 24-carat gold rate in India was quoted for a price of Rs 75,470 per 10 grams on November 12. The rate for 24-carat gold per gram is Rs 7,547. While the rate of 22-carat gold was Rs 69,181 per 10 grams, falling below Rs 70,000 for the first time in the last ten days.
Also Read Gold, silver rate today on November 11 in Mumbai, Delhi, Chennai, Kolkata: Here are latest prices of your city Gold rate today on November 08 in Mumbai, Delhi, Chennai, Kolkata: Here are latest gold, silver prices in your city Gold rate today on November 06 in Delhi, Chennai, Mumbai, Kolkata: Here are latest gold, silver prices in your city Expect major drop in F&O volumes, says NSE chief
“International and domestic gold and silver prices tumbled on Monday, amid pressure from a rally for the dollar. Hawkish comments from Minneapolis Fed President Kashkari boosted the dollar when he said that US economic strength and higher productivity could prompt the Fed to cut rates less than expected. The markets are discounting the chances at 65% for a 25-bps rate cut at the December 17-18 FOMC meeting, down from 80% a week ago and 85% a month ago,” said Sriram Iyer, Senior Research Analyst at Reliance Securities.
The price of 24-carat gold has fallen by 4% in the last week and 4.3% in the last ten days. The silver is available to Indian customers today at a price of Rs 89,300 per kilogram.
Gold rate in Mumbai on November 12
Today, the 24-carat Gold is priced at Rs 75,470/10 grams. On November 11, the gold was available for Rs 77,440/10 grams. A week back, on November 05, gold was sold for Rs 78,600/10 grams.
Silver rate in Mumbai on November 12
Silver was sold for a price of Rs 89,300/Kg on November 12 in Mumbai,
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