Gold, silver price today, November 17, 2023: Yellow metal records hike, silver trades lower on MCX
Gold Price Today 17 November 2023: Gold is trading on the higher side while silver rates have recorded a dip on the Multi Commodity Exchange (MCX) on Friday. Check the latest city-wise prices here.
For the second day in a row, both gold and silver prices showed mixed trends in the Indian markets today. Gold is trading on the higher side of the Multi Commodity Exchange (MCX) while silver prices have recorded a dip on Friday, November 17.
Gold futures, maturing on December 5, 2023, stood at Rs 60,850 per 10 grams, after recording a marginal hike of Rs 86 or 0.14 per cent. The previous close was recorded at Rs 60,722.
Meanwhile, silver futures, due on December 5, 2023, witnessed a downfall of Rs 110 or 0.15 per cent and were retailing at Rs 73,557 per kg on the MCX against the previous close of Rs 73,360.
GOLD AND SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 56,700 | Rs 76,500 |
| MUMBAI | Rs 56,550 | Rs 76,500 |
| KOLKATA | Rs 56,550 | Rs 76,500 |
| CHENNAI | Rs 57,000 | Rs 79,500 |
The price of gold varies for different regions in the country based on certain parameters such as the excise duty, making charges and the state taxes.
GOLD, SILVER PRICE IN INTERNATIONAL MARKET
Gold prices extended their rise on Friday and were set to log their first weekly gain in three, as investors stepped-up bets that the US Federal Reserve is done raising interest rates, pressuring the dollar and Treasury yields, news agency Reuters reported.