Gold Price Today: Yellow metal falls Rs 141, silver climbs Rs 132 | Check rates in Delhi, Mumbai and other cities

Gold rate today: The price of Gold declined on Multi Commodity Exchange (MCX) on Wednesday. In contrast, Silver prices climbed on November 9.

Both metals are trading in the red. However, gold managed to hold the psychologically important level of Rs 50,000 per 10 grams. Silver also traded above Rs 60,000 in the afternoon trade.

In Delhi, Gold price fell Rs 141 to Rs 51,747 per 10 grams amid rupee appreciation, according to HDFC Securities. The yellow metal, in the previous trade, had settled at Rs 51,888 per 10 grams. Silver, however, climbed Rs 132 to Rs 62,400 per kilogram.

"Gold price inched higher hovering near their one-month high, trading above the psychological USD 1,680 mark. Dollar index slipped to its one and half month lows, falling below 110 level; while the US 10Y yield was down by 2 per cent in the yesterday's session supporting the move in gold and silver prices," Navneet Damani, Senior VP" Commodity Research at Motilal Oswal Financial Services, said.

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In the international market, gold was trading higher at USD 1,713 per ounce while silver was down at USD 21.25 per ounce.

Gold Price City-wise In India as of November 9, 2022, for 22k:

Chennai- Rs 48,150

Mumbai- Rs 47,360

Delhi- Rs 47,460

Kolkata- Rs 47,360

Bangalore- Rs 47,410

Hyderabad- Rs 47,360

Kerala- Rs 47,360

Pune- Rs 47,390

Vadodara- Rs 47,390

Ahmedabad- Rs 47,410

Lucknow- Rs 47,460

Vijayawada- Rs 47,360

Patna- Rs 47,390

Nagpur- Rs 47,390

Chandigarh- Rs 47,460

Surat- Rs 47,410

Bhubaneswar- Rs 47,360

Visakhapatnam- Rs 47,360

Nashik- Rs 47,390

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"Comex Gold prices jumped to a one-month high today, benefiting from resurgent safe haven demand and a weakening dollar as investors awaited the results of the US midterm elections, with broader metal prices also gaining," said Vinay Rajani, Research Analyst at HDFC Securities.

The rupee appreciated 50 paise to 81.42 against the US dollar in early trade on Wednesday on broad dollar weakness and improving global risk sentiments.

(With the inputs of PTI)