gold and silver latest rates
Gold-Silver Price Today: As soon as the wedding season starts, the prices of gold and silver are again rising. If you too are thinking of buying jewelery these days, then this news is important for you. On November 12, a slight rise in the prices of both gold and silver was recorded in the domestic market.
Gold futures with December expiry opened at ₹1,24,300 per 10 grams on Multi Commodity Exchange (MCX) on Wednesday, November 12. It had closed at Rs 1,23,913 on the last trading day.
Slight rise seen in silver also
Along with gold, the prices of silver also increased slightly today. In morning trade, silver was trading at Rs 1,55,466 per kg on MCX. The trading day started at Rs 1,54,926, i.e. a gain of about Rs 700. At the same time, around 11:00 am, silver reached the price of Rs 1,55,223 per kg.
What is the price of gold in your city?
According to Good Returns, the gold rates in major cities of the country on November 12 are as follows:
Why is gold becoming expensive?
There has been continuous fluctuation in the prices of gold for the last few days. The main reasons for this are factors like decline of rupee against dollar, instability in the international market and import duty. All this has a direct impact on the domestic gold rate.
Apart from this, the demand for gold increases during weddings and festival seasons, due to which its prices go up further. In India, gold is not just an investment but is considered a symbol of tradition and faith.
Would it be right to buy gold now?
If you are thinking of purchasing gold and silver for long-term investment or immediate wedding needs, then you should take steps with some caution, because price fluctuations may continue in the future.