Gold prices surged nearly 1% on the MCX on Tuesday, November 11, supported by strong spot demand and positive global trends. At 10:15 am, MCX December gold futures rose 0.94% to ₹1,25,131 per 10 grams, while MCX December silver contracts gained 1.16% to ₹1,55,475 per kg.
According to India Bullions, 24-carat gold was trading at ₹1,25,570 per 10 grams, 22-carat gold at ₹1,15,106 per 10 grams, and silver (999 Fine) at ₹1,56,050 per kg.
Over the last 20 years, gold has surged about 1,200%, climbing from ₹7,638 in 2005 to over ₹1,25,000 in 2025, delivering positive returns in 16 out of those years. Year-to-date, gold has appreciated roughly 56%.
Across Indian cities on November 11, 24-carat gold ranged from ₹1,25,170 in Kolkata to ₹1,25,600 in Chennai, while 22-carat gold varied between ₹1,14,739 in Kolkata and ₹1,15,133 in Chennai. MCX gold futures hovered around ₹1,25,133 per 10 grams, and silver 999 futures traded close to ₹1,55,699 per kg in most major cities including Mumbai, Delhi, Bengaluru, Hyderabad, and Ahmedabad.
