gold and silver prices
Amid a strong trend in foreign markets, the price of gold in the national capital on Monday increased by Rs 300 to Rs 1,29,700 per 10 grams. Market sources gave this information. The price of gold of 99.5 percent purity also increased by Rs 300 to Rs 1,29,100. However, on Monday the price of silver fell by Rs 1,000 to Rs 1,63,800 per kg.
In international markets, spot gold remained steady at $4,077.35 an ounce, while spot silver was quoted 0.66 per cent higher at $50.89 an ounce. Praveen Singh, head of commodities at Mirae Asset Sharekhan, said that spot gold is currently trading stable due to a strong dollar, while China-Japan tensions over China’s comments on Taiwan are mitigating the decline.
Renisha Chainani, head of research at Augmont, said that gold prices fell by 2.5 percent and silver prices fell by 5.5 percent due to heavy selling in the market last week. The selling was caused by aggressive comments from US Federal Reserve officials. Due to the decline in the market, expectations of interest rate cut in December had reduced. Chainani said that the US Federal Reserve is citing the shutdown to keep interest rates unchanged in December.
What are the prices on MCX?
On one hand, the prices of gold have increased in the Delhi bullion market in the country. On the other hand, the price of gold has decreased in the futures market. The prices of gold contracts expiring on December 5, 2025 have decreased today. Till the time of writing this news, gold with this future has fallen by Rs 661 and has come to Rs 122900.00 per 10 grams.
At the same time, if we talk about the price of silver, like the spot market, the price of silver has decreased in the futures market. There is currently a decline in the price of silver for the contract of December 5, 2025. On MCX, the price of silver is trading at Rs 154583.00 per kg with a fall of Rs 1435 i.e. about 0.92 percent.