New Delhi, Nov. 13 -- Gold and silver prices in India witnessed value buying during the early morning dealings on Friday. The MCX gold rate today opened higher at Rs.1,36,502 per 10 gm and touched an intraday high of Rs.1,37,587 per 10 kg during the early morning dealings. However, silver price today opened lower on MCX at Rs.1,79,692 per kg, but soon gained momentum and hit an intraday high of Rs.1,80,199 per kg. In the international market, the COMEX gold rate is oscillating around $3,920 per ounce, after hitting a one-year low of $3,850 per ounce. The COMEX silver rate also bounced back after inching close to a 52-week low of $48.050 per ounce.

According to market experts, the gold and silver price outlook for the near term is cautiou...