Gold and silver bullion prices fell sharply as geopolitical tensions in West Asia eased, which didn’t help precious metals to extend the rally. The fall in gold prices can bring some relief to retail buyers after rising continuously last week. However, fresh clashes between Ukraine and Russia may affect the price of the precious metals.
“Gold remained volatile, trading between Rs 74,850–Rs 75,500 on MCX, as de-escalation in Middle East tensions led to the fading of the war premium. The metal erased 2.5–3.0% of last week’s strong gains. In the short term, gold is expected to stay within a volatile trading range as market participants assess global developments. This week, significant U.S. data, including Weekly Jobless Claims and the Fed’s Meeting Minutes will be in focus, keeping gold prices highly volatile,” said Jateen Trivedi, Vice President and Research Analyst of Commodity and Currency at LKP Securities.
Gold and silver rates today, November 27
The 24-carat gold rate in India was quoted for a price of Rs 75,280 per 10 grams on November 27. The rate for 24-carat gold per gram is Rs 7,528. While the rate of 22-carat gold was Rs 69,007 per 10 grams.
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The price of 24-carat gold has fallen by 1.19% in the last week. However, it has risen 1.3% in the last ten days. The silver is available to Indian customers today at a price of Rs 88,060 per kilogram.
Gold rate in Mumbai on November 27
Today, the 24-carat Gold is priced at Rs 75,280/10 grams. On November 26, the gold was available for Rs 75,430/10 grams. A week back, on November 20, gold was sold for Rs 76,190/10 grams.
Silver rate in Mumbai on November 27
Silver was sold for a price of Rs 88,060/Kg on November 27 in Mumbai,
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