On Friday, November 25, gold and silver were both trading on the higher side of the Multi Commodity Exchange (MCX) for the second straight day.
Gold futures with a maturity date of December 5, 2022 saw a slight increase of Rs 49, or 0.09 percent, and were trading at Rs 52,734 per 10 grammes on the MCX.
On the MCX, silver futures with a maturity date of December 5, 2022, also saw a rise of Rs 67, or 0.11 percent, and were trading at Rs 62,103 per kg.
Notably, the prices of gold and silver stood at Rs 52,671 per 10 grams and Rs 61,993 per kg respectively when the market closed on November 24.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 48,700 | Rs 62,000 |
| MUMBAI | Rs 48,550 | Rs 62,000 |
| KOLKATA | Rs 48,550 | Rs 62,000 |
| CHENNAI | Rs 49,310 | Rs 68,200 |
In the domestic market, gold prices change daily due to currency exchange rates, excise duty, state taxes, and the making charges of jewellers, which vary from state to state.
In the international market, gold prices were at the best levels so far this week after recapturing the $1,750 psychological mark.