Gold Price Today: Gold, silver prices continue to fluctuate, both trading in red on MCX — Check rates in Delhi, Mumbai and other cities

Gold Price Today: The prices of gold and silver metals are continuously fluctuating on the Multi Commodity Exchange (MCX). The yellow metal was trading in red on Saturday afternoon, along with silver. However, the precious metal managed to hold the level of Rs 52,000 on November 26.

At 12:00 pm, Gold December's future is trading at Rs 52,540. The precious metal was down by 0.25 per cent. Likewise, Silver showed dullness too. The metal was trading below 0.40 percent but managed to hold the levels of Rs 61,000. The Silver December futures were at Rs 61,745 per kg.

"Stronger rupee and risk-on sentiments weighed on the domestic gold prices," said Dilip Parmar, Research Analyst at HDFC Securities.

In Friday's trade, the rupee settled almost flat at 81.71 against the US currency, said PTI, as month-end dollar demand from oil importers offset gains from a weak greenback and forex inflows.

"Gold consolidated in a broad range and volatility remained low after the Fed meeting minutes showed less hawkish outlook," said PTI citing Navneet Damani, Senior VP, Commodity Research at Motilal Oswal Financial Services.

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It should be noted that last week the price of the yellow metal was at all-time high. The precious metal glittered on November 16 as signs of cooling US inflation boosted bets for smaller rate hikes.

Gold Price City-wise In India as of November 26, 2022 for 24k:

Chennai- Rs 53,730

Mumbai- Rs 52,970

Delhi- Rs 53,120

Kolkata- Rs 52,970

Bangalore- Rs 53,020

Hyderabad- Rs 52,970

Kerala- Rs 52,970

Pune- Rs 52,970

Vadodara- Rs 53,020

Ahmedabad- Rs 53,020

Lucknow- Rs 53,120

Vijayawada- Rs 52,970

Patna- Rs 53,000

Nagpur- Rs 52,970

Chandigarh- Rs 53,120

Surat- Rs 53,020

Bhubaneswar- Rs 52,970

Visakhapatnam- Rs 52,970

Nashik- Rs 53,000

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before investing/purchasing.)