Gold, silver price today, Nov 18, 2022: Precious metals record hike on MCX | Check latest rates here
Gold Price Today 18 November 2022: Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Friday. Check the latest city-wise prices here.
New Delhi,UPDATED: Nov 18, 2022 11:12 IST
Today gold, silver price, Nov 18, 2022: Precious metals witnessed hike on MCX. (File photo)
By India Today Web Desk: After retailing on the lower side in the Indian markets yesterday, both gold and silver were trading on the higher side of the Multi Commodity Exchange (MCX) on Friday, November 18.
Witnessing a marginal hike of Rs 57 or 0.11 per cent, gold futures, maturing on December 5, 2022, stood at Rs 52,930 per 10 grams on the MCX.
Meanwhile, silver futures, maturing on December 5, 2022, also recorded a jump of Rs 272 or 0.45 percent and were retailing at Rs 61,447 per kg on the MCX.
Notably, the prices of gold and silver stood at Rs 52,843 per 10 grams and Rs 60,978 per kg respectively when the market closed on November 17.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 48,910 | Rs 61,200 |
| MUMBAI | Rs 48,760 | Rs 61,200 |
| KOLKATA | Rs 48,760 | Rs 61,200 |
| CHENNAI | Rs 49,510 | Rs 67,000 |
Notably, the gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.
