On the morning of November 18, a sharp decline was recorded in gold and silver on MCX. 24-carat gold slipped to Rs 121,114, while silver dropped by more than Rs 3,800. The impact of international weakness and market instability was clearly visible on precious metals.
Gold-Silver Price Today: On the morning of November 18, a significant fall was observed in gold and silver on the Multi Commodity Exchange (MCX). Around 10 AM, both gold and silver slid sharply. Market experts suggest that if this decline in gold continues, the price of 24-carat gold could soon fall below Rs 1,20,000 per 10 grams.
The impact of the silver decline was even more pronounced. In morning trading, silver fell by more than Rs 3,000 per kg, which was surprising for investors.
Gold Price Today: How much cheaper has 24-carat gold become?
According to data at 10:11 AM, 24-carat gold was trading at Rs 121,114 per 10 grams on MCX. This represents a decline of Rs 1,813. In today's trading, the low for gold was Rs 121,000 and the high was Rs 122,130 per 10 grams. This fluctuation indicates continued sharp volatility in gold prices.
Silver Price Today: Largest decline in silver
At 10:12 AM, 1 kg of silver was trading at Rs 151,465 on MCX. Silver saw a significant drop of Rs 3,847. During the day, silver's low was Rs 151,250 and its high was Rs 152,950 per kg.
What is the price of gold in your city?
The price of gold varies slightly across different cities in the country. On November 18, the price of 24-carat gold was lowest in Patna, where 10 grams of gold was available for Rs 121,380. In contrast, Bhopal and Indore recorded the highest gold prices, with 10 grams of gold priced at Rs 121,570.
What is the current silver rate in your city?
Silver rates also differed by city. Silver was cheapest in Patna, at Rs 151,810 per kg. Conversely, Kanpur and Lucknow recorded the highest silver prices, at Rs 152,150 per kg.
Why are gold and silver prices falling?
According to market experts, weak signals from international markets, a strengthening dollar, and difficulties in global trade are putting pressure on gold and silver prices. Investors worldwide appear to be moving away from safe-haven gold for now.
Additionally, market instability has increased ahead of the release of US economic data, directly impacting precious metals.
