Gold Rate in India Drops to One-Month Low! Silver Falls Too, Is a Bigger Fall Coming Next? 10 November Outlook

Gold Rate in India: Gold and silver prices in India have seen a sharp correction over the past month, weighed down by global macroeconomic factors. Diminished expectations of a US Federal Reserve rate cut and reduced uncertainty over US-China trade relations have dampened investor demand for precious metals.

As the new week begins, investors will be keenly tracking gold and silver price movements on Monday, November 10.

Gold Rate in India

The prices of 24 karat gold in India stood at Rs 12,202 per gram on Sunday, November 9. Whereas, the rate of 22 karat gold in India stood at Rs 11,185 per gram. Likewise, the rate of 18 karat gold in India remained at Rs 9,152 per gram. The prices of gold have increased 50% since the beginning of the year 2025.

Silver Rate in India

The prices of silver stood at Rs 152.5 per gram and Rs 1,52,500 per kilogram on Sunday. The rate of silver has declined significantly since the beginning of the month October.

Gold, Silver MCX

Gold futures for December ended at Rs 121,067 per 10 grams on Friday, November 7. Meanwhile, silver futures for the same month concluded at Rs 147,728 per kilogram. According to Trading Economics, the global gold price was noted at $4,010 per ounce on that day.

Gold, Silver Price Outlook

Gold and silver prices will remain volatile on Monday, November 10. In the long term, the precious metals will see a surge in valuations.

"The tone in precious metals markets this week can best be described as cautiously constructive. Investors are not abandoning safe-haven assets, but neither are they positioning for aggressive upside. Much will depend on macro signals in the days ahead, particularly inflation prints, bond yield movements, and risk appetite in equities. In short, gold and silver remain well supported, but their next decisive move hinges on whether macroeconomic data confirms stability or rekindles uncertainty," Ross Maxwell, Global Strategy Lead at VT Markets.

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