Gold Price Today: Yellow metal gains Rs 255; silver climbs Rs 561 | Check rates in Delhi, Mumbai and other cities

Gold Price Today: Gold and Silver glittered as both metals were high on Multi Commodity Exchange (MCX) on Monday, November 14. The Gold October futures were trading in green at 0.35 percent up at Rs 52,516 per 10 grams on the first day of the week. Likewise, the Silver December futures were also trading in green at Rs 61882 per kg. The metal was up by 0.51 percent in the afternoon trade.

In Delhi, the Gold price rose Rs 255 to Rs 52,850 per 10 grams on Monday, according to HDFC Securities. The yellow metal, in the previous trade, had settled at Rs 52,595 per 10 grams. Silver, however, also climbed Rs 561 to Rs 62,440 per kilogram.

"Gold prices witnessed profit booking from a three-month peak hit in the previous session, US bond yields rose after a top US central banker warned that the Federal Reserve is not 'softening' fight against inflation yet," said Navneet Damani, Senior VP, Commodity Research at Motilal Oswal Financial Services.

In the international market, gold was trading in red at USD 1,763 per ounce while silver was flat at USD 21.69 per ounce, as per PTI report.

"Gold prices retreated from a two-and-half month high on Monday as comments from some members of the US Federal Reserve suggested that the bank will continue to act tough against inflation," Vinay Rajani, Research Analyst at HDFC Securities, said.

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It should be noted that the price of the yellow metal, on Saturday, was at one month high. The precious metal glittered on November 12 mainly due to the US inflation rate inching towards its lowest level in nine months and the 75 per cent drop in cryptocurrency prices from its peak.

Gold Price City-wise In India as of Nov 14, 2022 for 22k:

Chennai- Rs 49,010

Mumbai- Rs 48,260

Delhi- Rs 48,360

Kolkata- Rs 48,260

Bangalore- Rs 48,290

Hyderabad- Rs 48,260

Kerala- Rs 48,260

Pune- Rs 48,270

Vadodara- Rs 48,270

Ahmedabad- Rs 48,290

Lucknow- Rs 48,360

Vijayawada- Rs 48,260

Patna- Rs 48,270

Nagpur- Rs 48,270

Chandigarh- Rs 48,360

Surat- Rs 48,290

Bhubaneswar- Rs 48,260

Visakhapatnam- Rs 48,260

Nashik- Rs 48,270

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before investing/purchasing.)

On Children's Day, the rupee depreciated by 48 paise to close at 81.26 (provisional) against the US dollar, tracking the recovery in the American currency and a muted trend in domestic equities, as per PTI report.

(With the inputs of PTI)