Gold prices gained during early trade on November 7, supported by a weaker US dollar and firm global trends, making the precious metal more appealing to investors. Around 9:45 am, MCX Gold December futures rose 0.2% to ₹1,20,850 per 10 grams, while MCX Silver December contracts jumped 0.75% to ₹1,48,175 per kg.
According to India Bullion data, 24-carat gold was priced at ₹1,21,260 per 10 grams and 22-carat at ₹1,11,155 per 10 grams, while silver stood at ₹1,48,670 per kg. Over the past two decades, gold prices have surged nearly 1,200%, climbing from ₹7,638 in 2005 to over ₹1,25,000 in 2025, with positive returns in 16 of those years and a 56% rise so far in 2025.
On November 7, gold and silver prices were similar across major cities — in Mumbai and Pune, 24-carat gold traded at ₹1,21,120 per 10 grams, while in Delhi and Kolkata it hovered around ₹1,20,900–₹1,20,980. Silver prices averaged between ₹1,47,900 and ₹1,48,500 per kg across these key markets.