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Gold and silver prices climb in India amid currency and inflation pressures
Gold near ₹1,23,000/10 g and silver around ₹1,57,000/kg in India as demand rises due to rupee weakness and inflation concerns.
Precious-metal prices in India moved higher on 11 November, with 24-carat gold trading near ₹1,23,000 per 10 grams and silver at approximately ₹1,57,000 per kilogram. The uptick reflects safe-haven demand amid a softer rupee and inflation risks, while import duties and supply constraints continue to support base levels. Jewellery demand during upcoming festivals added to momentum.
Analysts note that while global cue strength is weak, local consumption patterns and hedge motives are bolstering interest in bullion holdings.