New Delhi, Nov. 2 -- The prices of the yellow metal closed lower on India's MCX on Friday, following losses in the international bullion markets amid a strong dollar.

MCX Gold December futures last closed 0.18% lower at Rs.1,21,284 per 10 grams on October 31 at 11:34 pm, while the MCX Silver December contracts rose 0.08% to Rs.1,48,399 per kg.

According to Indian Bullion Association (IBA) data, the rates of 24-carat gold were at Rs.1,21,650/10 gm at 10:30 am on November 2, and 22-carat gold at Rs.1,11,513/10 gms. Silver prices were at Rs.1,48,850/kg (Silver 999 Fine).

The prices of the yellow metal surged significantly over the last 20 years, by an impressive 1,200%, from Rs.7,638 in 2005 to over Rs.1,25,000 in 2025 (as of September), ...