Gold prices opened higher on the MCX on Friday, November 7, tracking global cues and a softer US dollar. MCX Gold December futures were up 0.27% at Rs 1,20,939 per 10 grams at 9:15 am, while silver futures rose 0.60% to Rs 1,47,938 per kg. Globally, gold climbed on hopes of a US Fed rate cut in December and safe-haven demand amid the ongoing US government shutdown.
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By market close, gold eased 0.02% to Rs 1,21,083 per 10 grams, while silver held firm, up 0.04% at Rs 1,47,789 per kg.
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