India, Nov. 2 -- Gold and silver prices recorded modest gains in the domestic market on Monday as investors continued to factor in the possibility of interest rates remaining elevated for an extended period.

On the Multi Commodity Exchange (MCX), gold futures advanced 0.40 per cent to Rs.1,39,400 per 10 grams during early trading at around 9:13 am. Silver futures also witnessed a stronger uptick, climbing approximately 1.15 per cent to Rs.1,82,250 per kilogram.

In the retail market, gold is sold in multiple purity grades to meet different consumer requirements. While 24-karat gold represents the highest level of purity, 22-karat gold is widely preferred for jewellery manufacturing because its alloy composition provides greater strength ...