Gold Silver Price: The period of sluggishness continues in the bullion market. The prices of gold and silver are stable in the futures market. Because there is not much action in the prices of both even in the global market.
Gold Silver Price:
The period of sluggishness continues in the bullion market. The prices of gold and silver are stable in the futures market. Because there is not much action in the prices of both even in the global market. After US FED minutes, bond yield and dollar index are seeing recovery from lower levels. As a result, gold and silver prices are seeing flat trading during the wedding season.There is a slight increase in gold prices in the domestic futures market. The price on MCX has increased by more than Rs 100. Its price has reached above Rs 61,100/10 grams. Even in the global market, the price of gold is around $1,995. At present the price is registering an increase of about 5 dollars. Let us tell you that the US market will remain closed today on the occasion of Thanksgiving Day.
gold in international market
Strong action is being seen in the prices of gold and silver in the international spot market. The price of gold on COMEX has slipped below $2000. Due to softening in American bond yields, softness was seen in the bullion market. At present, the rate of gold on COMEX is trading at $ 1996 per ons and silver at $ 23.75 per ons.
Fundamentals for Gold and Silver
- Recovery in dollar index from two and a half month low
- Recovery of about 0.25% in dollar index
- Mild recovery in bond yields
- Decline in US Jobless Claims
- Highest decline in US Jobless Claims since June
Gold price in major cities of the country on November 22
- Mumbai: Rs 62,020 per 10 grams; +380.00 rupees
- Bengaluru: Rs 62,020 per 10 grams; +380.00 rupees
- Chennai: Rs 62,510 per 10 grams; +280.00 rupees
- Delhi: Rs 62,170 per 10 grams; +380.00 rupees
- Kolkata: Rs 62,020 per 10 grams; +380.00 rupees
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