Gold Prices Up, Silver Down On November 3: Check Latest Bullion Rates In Your City.
In the futures market, gold costs have been up by 0.05 per cent at Rs 60,940 per 10 grams within the morning commerce, whereas silver was buying and selling down by 0.19 per cent at Rs 71,263 per kg on the MCX
Gold costs in India have been up on Friday, November 3, amid greater demand within the spot market. In Delhi, 22-carat gold costs rose Rs 100 to Rs 56,750 per 10 grams and 24-carat was additionally up at Rs 61,900 per 10 grams. Silver, then again, was down at Rs 74,100, which is decrease by Rs 700 as in comparison with the earlier shut.
In Mumbai and Kolkata, the worth of twenty-two-carat gold stood at Rs 56,600 per 10 grams and that of 24-carat at Rs 61,750 per 10 grams, in accordance with Goodreturns.in. In Bengaluru and Chennai, the costs of 10 grams of twenty-two-carat gold stood at Rs 56,600 and Rs 57,000, respectively; whereas the costs for twenty-four-carat have been at Rs 61,750 and 62,180, respectively.
In Hyderabad, gold costs have been at Rs 56,600 and Rs 61,750 per 10 grams for 22-carats and 24-carats.
In the futures market, gold costs have been up by 0.05 per cent at Rs 60,940 per 10 grams within the morning commerce, whereas silver was buying and selling down by 0.19 per cent at Rs 71,263 per kg on the MCX.
In the worldwide market, gold costs have been up marginally at $1,987.1 an oz., whereas silver was barely down at $22.77 an oz..
Gold Demand In India
Gold demand in India, the world’s second-largest shopper of the yellow metallic, rose 10 per cent to 210.2 tonnes through the third quarter of this calendar yr, aided by the softening of gold costs and festive demand, in accordance with the World Gold Council (WGC).
WGC India Regional CEO Somasundaram P R has informed PTI that gold costs softened a bit over the last quarter however now they’ve began inching up. Prices will play a essential function through the Dhanteras pageant and marriage ceremony season within the subsequent two months.
Trade suggestions is that customers have accepted the ₹60,000 per ten-gram value level, so a downward correction might set off a big leap in demand.
Dhanteras is taken into account probably the most auspicious day within the Hindu calendar for purchasing objects starting from treasured metals to utensils, to different valuables.
India’s gold demand elevated to 210.2 tonnes through the third quarter of 2023 calendar yr, from 191.7 tonnes within the yr-in the past interval.
Jewellery demand rose 7% within the quarter underneath overview to 155.7 tonnes from 146.2 tonnes, whereas that of bar and coin demand elevated by 20% to 54.5 tonnes from 45.4 tonnes, it stated.
