Gold-Silver Price Today: Gold Rises, Silver Falls Amidst Share Market Volatility This Week

The Indian share market experienced considerable volatility over the past week, with Nifty nearing its all-time high in one session only to witness a sharp decline in another, while against this backdrop of market uncertainty, gold prices have shown an upward trend, often considered a safe-haven asset during economic instability. Over the last week, 24-carat gold became dearer by Rs 760 per 10 grams, while 22-carat gold increased by Rs 700 per 10 grams.

This rise indicates a growing demand for gold among investors seeking to hedge against market fluctuations and economic uncertainties. On November 23, the rate for 24-carat gold in Delhi was recorded at Rs 1,25,990 per 10 grams, with 22-carat gold priced at Rs 1,15,500 per 10 grams. In other major metropolitan areas such as Mumbai, Chennai, and Kolkata, 22-carat gold was available at Rs 1,15,350 per 10 grams, and 24-carat gold at Rs 1,25,840 per 10 grams. The prices across these cities remained largely consistent, reflecting a uniform market trend nationwide. Globally, gold was trading at 4061. 91 dollars per ounce, a factor that Importantly impacted domestic prices.

Significant Decline in Silver Prices

In stark contrast to gold's upward movement, silver prices experienced a notable decline this week. Silver became cheaper by Rs 5,000 per kilogram. On November 23, the price of silver was recorded at Rs 1,64,000 per kilogram. The international futures price for silver stood at 49. 56 dollars per ounce, contributing to the downward trend in the domestic market. This divergence suggests that the supply and demand dynamics for gold and silver are operating independently, leading to varied price movements for the two precious metals.

Influence of Domestic and Global Factors

The prices of gold and silver aren't solely determined by domestic market conditions but are also Importantly influenced by a multitude of global factors, while international futures prices for these metals, overarching global economic trends, geopolitical developments, and the strength or weakness of the US dollar all play crucial roles in shaping their values. The volatility observed in the Indian share market this week, coupled with international trading patterns, played a pivotal role in driving gold prices higher and silver prices lower.

Futures Market Performance for Gold and Silver

Mirroring the spot market, the futures market also displayed distinct trends for gold and silver, while on the Multi Commodity Exchange (MCX), gold contracts set to expire on December 5, 2025, saw an increase over the week. Specifically, 24-carat 10 grams of gold, which was priced at Rs 123561 on November 14, rose to Rs 124191 by the last trading day of the week, Friday. Conversely, silver futures experienced a decline. Silver contracts with the same expiry date were at Rs 156018 per kilogram on November 14, falling to Rs 154151. This indicates a positive sentiment towards gold and a more. Cautious approach towards silver among investors in the futures market.