Gold Silver Price Today (November 1): 24K Gold at Rs.1.38 Lakhs; Silver at Rs.1.79 Lakhs As Investors Track Geopolitical Tensions & Global Markets - Check City Wise Rates in Delhi, Mumbai & More
India, Nov. 1 -- Gold Silver Price Today (November 1): Gold and silver prices in India stayed under pressure as precious metals saw a sharp correction in global markets. On the MCX, gold was trading at around Rs.1.38 lakh per 10 grams, while silver was near Rs.1.79 lakh per kilogram. The fall comes amid profit booking, a stronger US dollar and rising bond yields, as investors reassess expectations of further US Federal Reserve rate hikes after higher-than-expected inflation data.
At the same time, ongoing geopolitical tensions in West Asia and uncertainty over global economic growth continue to shape safe-haven demand. Investors are also watching crude oil prices, currency movements and upcoming US economic data closely for fresh cues.
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