Gold price declined by ₹600, silver is down ₹1,000 per kg amid weak global trends; check the latest prices in your city

Gold prices declined by ₹600 per 10 grams in early trade on Tuesday, November 12, as the precious metal slipped to a near-month low level in global markets. A stronger dollar and firm US bond yields have taken off the sheen of gold as a safe haven investment.

In major Indian cities, gold of 24K purity declined by ₹600 per 10 grams, while the 22K variety lost ₹550 per 10 grams.

The spot gold was trading in a range at $2,624 an ounce, up by 0.05%, in early Asian trade. The metal moved in a range of $2,619 to ₹2626 an ounce in overnight trade.

Gold Price Today in India (November 12, 2024)

In Delhi markets, 24K gold prices declined by ₹600 to ₹78,900 per 10 grams and 22K gold by ₹550 at ₹72,340 per 10 grams.

Gold Price Today in Major Cities:

Silver Price Today in India (November 12, 2024)

Silver prices declined by ₹1,000 per kg in major Indian cities in early trade on Tuesday due to weak global trends. Silver was trading at ₹92,000 per kg in major Indian cities despite fresh stimulus measures announced by China.

Spot Silver traded lower by 0.05% at $30.67 an ounce in global markets. The metal hit a low of $30.61 an ounce and a high of ₹30.79 an ounce in overnight trade.

Silver Price Today in Major Cities

Comparison of Gold and Silver Prices This Week

The gold price has retreated to near the month’s low level as the US dollar gained strength on high inflation expectations and lower cuts by the US Federal Reserve in response to President-elect Donald Trump’s expansionary policies. Silver prices have also eased in line with global trends and weak domestic demand.

Here’s a comparison of gold and silver prices from earlier this week: