Gold Plunges by Rs 50 to Rs 50,900 on November 5; Silver Prices Rs 61,200

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The value of 24 carat gold right this moment stands at Rs 50,900 per 10 gram, lowering by Rs 50 as in comparison with Wednesday. It costed Rs 50,950 per 10 gram yesterday, in line with Good Returns. Alternatively, the worth of twenty-two carat yellow steel has diminished from Rs 49,950 per 10 gram to Rs 49,900 per 10 gram.

In Delhi and Mumbai, 22 carat gold prices Rs 49,650 per 10 gram and Rs 49,900 per 10 gram, whereas 24 carat gold might be bought at Rs 54,150 per 10 gram and Rs 50,900 per 10 gram.

In Chennai, the costs of twenty-two carat and 24 carat gold are Rs 48,020 per 10 gram and Rs 52,380 per 10 gram. In Kolkata and Bangalore, 22 carat yellow steel might be purchased at Rs 49,980 per 10 gram and Rs 47,600 per 10 gram, whereas 24 carat yellow steel prices Rs 52,680 per 10 gram and Rs 51,920 per 10 gram.

The price of 22 carat and 24 carat gold in Kerala stand at Rs 47,600 per 10 gram and Rs 51,950 per 10 gram. In Ahmedabad and Lucknow, 22 carat yellow steel comes at a value of Rs 49,800 per 10 gram and Rs 49,650 per 10 gram, whereas 24 carat gold is priced at Rs 51,600 per 10 gram and Rs 54,150 per 10 gram.

On Multi-Commodity Trade (MCX), December gold futures plunged 0.85 per cent on Wednesday to Rs 51,160 per 10 gram. Within the earlier session, the valuable steel had registered acquire of over one per cent.

Gold value could witness substantial fluctuations until the time the results of the US presidential elections come out. Apart from, the end result of Federal Reserve and Financial institution of England conferences this week are anticipated to have a bearing on gold costs.

Aside from gold, the worth of 1 kilogram of silver has come down by Rs 700. On Wednesday, it costed Rs 61,900 per kilogram, whereas right this moment it’s priced at Rs 61,200 per 10 gram.