Gold and silver rates in India on November 24: Prices edge lower on Monday

The price of physical yellow metal in the domestic market stood at Rs 1,23,146 per 10 grams of 999 purity, as per the Indian Bullion and Jewelers Association (IBJA) in their 6:30 p.m. rate session on November 21.

The spot price of gold was hovering just above $4,056 per ounce for 24-carat purity as of 6:40 a.m. on November 24. That's down 0.22 percent from the previous close at $4,065.

The price of physical yellow metal in the domestic market stood at Rs 1,23,146 per 10 grams of 999 purity, as per the Indian Bullion and Jewelers Association (IBJA) in their 6:30 p.m. rate session on November 21.

Gold price peaked at Rs 1,26,554 per 10 grams of 999 purity on November 13.

Silver, on the other hand, continues to shine not just as a household essential but also as a key investment and industrial metal. The spot price of silver was just above $50 per ounce on November 24, as of 6:00 a.m.

In the domestic market, the price of silver stood at Rs 1,51,129 per kilogram of 999 purity as of 6:30 p.m. on November 21. That’s a 1.94 percent decrease from the afternoon’s close at Rs 1,55,840 in the 12:30 p.m. rate session, according to IBJA data on precious metal prices.