Gold Silver Rate Today: Gold opens a tad decrease in spot, silver rallies

Gold Silver Price Today in India, November 1, 2022: Prices of gold opened a tad decrease whereas silver opened increased in Mumbai’s spot market on Tuesday, November 1.

The opening worth for 999 purity gold was Rs 50,462 per 10 grams, down Rs 18 from Monday’s closing worth of Rs 50,480, whereas that of 999 purity silver was Rs 58,200 per kg, up Rs 850 from Rs 57,350, the information obtainable on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

However, on the Multi Commodity Exchange of India (MCX), the gold contract for December supply was buying and selling at Rs 50,417.00 per 10 grams, up Rs 95.00 (0.19 per cent) at 1:13 pm whereas the silver contract for December supply was at Rs 58,761.00, up Rs 1,083.00 (1.88 per cent).

Bullion
Purity
Opening worth (Rs)
Previous shut (Rs)
Gold
999
50,462
50,480

995
50,260
50,278

916
46,223
46,240

750
37,847
37,860

585
29,520
29,531
Silver
999
58,200
57,350
Source: India Bullion and Jewellers Association (IBJA)

In the worldwide market, spot gold was up 0.5 per cent at $1,641.43 per ounce, as of 0548 GMT. US gold futures rose 0.1 per cent at $1,642.20, Reuters information confirmed.