Gold and Silver Prices Rise Today: As soon as the commodity market opened on Thursday morning, both gold and silver prices rose. Both gold (Gold Price Today) and silver (Silver Price Today) were in the positive zone from the start of trading. While this surge isn’t significant, this market sentiment is a sign of relief for investors after a period of continuous decline.
Slight differences were observed in today’s rates in cities like Delhi, Lucknow, Jaipur, Patna, and Bhopal, but the trend remained consistent—upward. Gold is also regaining its luster in the international market, leading to a bullish sentiment in the Indian market.
Gold Price Today: 10 grams of gold becomes expensive again
As of 9:35 am, the price of 10 grams of gold was recorded at ₹1,20,628. This represents an increase of ₹106 per 10 grams compared to Wednesday. Today, gold hit a low of ₹1,20,500 and a high of ₹1,20,714. This indicates that the market, while currently stable, is gradually moving upward.
Compared to previous figures, the price of gold as of Wednesday evening was ₹1,20,522, meaning investors are seeing a slight but steady increase today. Meanwhile, the price of 24-carat gold in the bullion market (IBJA) on Wednesday evening, November 4th, was recorded at ₹1,20,419 per 10 grams.
The Comex market also saw a rise, with gold positive internationally
By 8:42 am, the price of gold in the international market, Comex, reached $3992.10 per ounce. If converted to Indian currency, its price comes to approximately ₹1,24,817 per 10 grams. This indicates that gold is regaining its luster globally.
According to money market experts, due to the weakening dollar index and geopolitical tensions, investors are once again turning to precious metals. This is why its impact is being felt in the domestic market as well.
Silver Price Today: Silver was not far behind, seeing a slight increase
Like gold, silver prices are also continuing their upward trend today. By 9:37 am, the price of 1 kg of silver was recorded at ₹1,47,445, an increase of ₹124 per kg. In the early hours of the day, silver hit a low of ₹1,46,658 and a high of ₹1,47,640.
Compared to the previous day, the price of 1 kg of silver on Wednesday was ₹1,47,321. This means that prices are gradually increasing today. As of 8:49 am, the price of silver in the international market was $47.785 per ounce. In Indian rupees, this translates to approximately ₹149,558 per kilogram.
According to IBJA data, the price of 1 kilogram of silver was recorded at ₹146,150 on the evening of November 4th. Thus, silver has seen a steady upward trend in the domestic market over the past few days.
What are today’s rates in different cities across the country?
Among major cities, Patna is seeing the cheapest price of gold at ₹120,700 per 10 grams. Bhopal and Indore saw the highest prices at ₹120,850.
Speaking of silver, it’s cheapest in Chandigarh at ₹1,47,080 per kg, while Bhopal and Indore recorded the highest price at ₹1,47,830 per kg.
In Lucknow, gold is priced at ₹1,20,760 and silver at ₹1,47,720 per kg. In Jaipur, gold is trading at ₹1,20,750 and silver at ₹1,47,600. These figures clearly indicate that gold and silver prices are currently experiencing a modest but steady increase in North India.
Cues for investors: What’s next?
Market analysts say the first week of November is proving to be promising for gold and silver. Weakness in the dollar, falling crude oil prices, and uncertainty in the global market have given both gold and silver a boost.
If this trend continues, prices could see further gains by December. Therefore, for investors seeking profits, this could prove to be a good opportunity to invest in gold and silver.
Both gold and silver have regained their momentum today. Whether in the domestic market or internationally, both are bullish. Slight increases in cities like Lucknow, Patna, Bhopal, and Jaipur are boosting investor confidence. Further price increases are expected in the coming days.