ITDC graphic; data: All India Bullion
At 3 a.m. on Monday, November 9, Indian reference rates put 999 purity gold at ₹1,44,873 per 10 grams and silver at ₹1,90,705 per kg. The final bill at a shop will vary according to purity, local premium, taxes and making charges.
According to recent local reports, the pace of buying in Indore has slowed after the festival period. Attention is now on wedding-related orders. In Lucknow, reports point to a trend of light designs and advance bookings for weddings. These are indications from recent reports, not a market survey for today. For traders, what matters more than the rise in prices is how sustained customer buying remains.
In the next session, if the rupee weakens or overseas markets remain firm, gold and silver in India may get support. If the rupee strengthens or international prices soften, prices may come under pressure. For now, wedding purchases are expected to rise, but it would be premature to conclude that demand has made a firm recovery. In local deals, compare prices only on the basis of the same purity.
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