Gold, Silver Rate Today July 11: Gold prices seemed to stay on the higher side across most major Indian cities on Friday, that did show the precious metals market is still pretty firm. As per the newest rates using market data, 24-carat gold is currently moving roughly between ₹14,483 and ₹14,565 per gram, while 22-carat gold sits in the ₹13,276 to ₹13,351 per gram slot.
MCX Updates
The news agency IANS reported that on the Multi Commodity Exchange (MCX), gold futures for the August 5 contract opened at Rs 1,45,200 per 10 grams, down Rs 192 from the previous close of Rs 1,45,392. At around 10:35 am, the yellow metal was trading at Rs 1,45,000 per 10 grams, down Rs 392 or 0.27 per cent.
During the session so far, MCX gold touched an intraday low of Rs 1,44,750, down Rs 642 or 0.44 per cent and a high of Rs 1,45,356. Silver futures (September 4) too witnessed selling pressure in early trade, falling as much as 0.83 per cent or Rs 1,932 to hit an intraday low of Rs 2,28,925 per kg. The white metal opened at Rs 2,30,015, down Rs 842 from previous close of Rs 2,30,857. At the last count, it was trading at Rs 2,29,401, lower by Rs 1,456 or 0.63 per cent.
Gold, Silver Rate Today July 11
- Chennai: ₹14,565, ₹13,351, ₹11,171
- Delhi: ₹14,496, ₹13,291, ₹10,878
- Jaipur: ₹14,496 , ₹13,291, ₹10,878
- Mumbai: ₹14,483, ₹13,276, ₹10,863
- Kolkata: ₹14,483 , ₹13,276, ₹10,863
- Bengaluru: ₹14,483, ₹13,276, ₹10,863
- Hyderabad: ₹14,483, ₹13,276, ₹10,863
- Kerala: ₹14,483, ₹13,276, ₹10,863
- Pune: ₹14,483, ₹13,276, ₹10,863
- Ahmedabad: ₹14,488, ₹13,281, ₹10,868
- Vadodara: ₹14,488, ₹13,281, ₹10,868
AMFI Data: Gold ETF Inflows Rebound to ₹3,443 Crore in June After May Outflows
Silver Prices
Currently, the price of silver in India is Rs 240.10 per gram and Rs 2,40,100 per kilogram.
- 1 gram: 240.10
- 8 grams: 1,920.80
- 10 grams: 2,401
- 100 grams: 24,010
Has Gold Become More Expensive?
Gold is still trading near these record-high numbers, so buying jewellery feels more expensive than a few months ago. A bunch of analysts say the price staying so firm is mostly from safe haven demand even with global economic uncertainty. On top of that there are geopolitical tensions that keep lingering around and central banks that are still buying in a steady way.
For the local side, domestic gold prices also get pulled by the international spot price, the rupee to dollar exchange rate, import duties, and any GST that applies.
