New Delhi. There has been a sharp decline in the future prices of gold and silver today, November 3. Today, gold has fallen by Rs 1286 and is trading at Rs 138900 per 10 grams on Multi Commodity Exchange (MCX). Silver also became cheaper by Rs 4,279 today and is trading at Rs 179,500 per kg.
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The prices of gold and silver have also fallen in the international market today. Gold price fell 0.77 percent and was trading at $ 3,939 an ounce. At the same time, in the last 24 hours the price of silver has fallen by 2.23 percent to $ 49.76 an ounce. US gold futures are trading at $3,956 an ounce.
According to media reports, today the price of 24 carat gold in Chennai and Mumbai is Rs 13,9380 per 10 grams. 22 carat gold is available here for Rs 12,7760. The price of 24 carat gold in Delhi is Rs 13,9530 per 10 grams. At the same time, 22 carat gold is being sold at Rs 12,7910 and 18 carat gold is being sold at Rs 10,4690 per 10 grams.
Know the price of gold in your city
The rate of 24 carat gold in Kolkata, Bengaluru, Hyderabad, Kerala and Pune today is Rs 13,9380 per 10 grams. Today the rate of 24 carat gold in Vadodara and Ahmedabad is Rs 13,9430. Here 22 carat gold is available at Rs 12,7810 and 18 carat gold is available at Rs 10,4590 per 10 grams.
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How will be the movement of gold and silver in future?
Jatin Trivedi, Vice President and Research Analyst, LKP Securities, says that gold investors are adopting a cautious attitude right now. There is a possibility of market volatility as the prospects for US monetary policy are assessed. Employment figures will also come in America this week. These data are expected to provide more clarity on the policy direction of the Federal Reserve and the future trend of interest rates.
According to Swapnil Aggarwal, Director of VSRK Capital, given the current market conditions, silver prices are unlikely to rise much till the end of 2026. He said that as long as interest rates in the US remain high and the Federal Reserve does not start cutting interest rates, silver prices may remain under pressure.