Gold, silver turn cheaper on Dhanteras amid profit-booking, firm dollar - Business Standard

AI desk brief

Gold and silver futures traded lower on Friday, November 6, with Comex gold near $4,060/oz and silver near $51.70/oz; the article attributed the decline to a firmer dollar and profit-taking. MCX gold traded near ₹1,42,450 per 10 grams and silver near ₹1,84,600/kg. The benchmark December MCX gold contract opened at ₹1,42,161, down ₹1,934 from its previous close of ₹1,44,095. The report said both metals had rallied the preceding Thursday on hopes of an end to the US-Iran conflict following US political developments; the year is unspecified.