ITDC · All India Bullion
Silver fell almost twice as sharply as gold in the latest All India Bullion daily fix, leaving bullion traders with a fresh setback after the previous reading’s rebound. At 3 am IST on November 11, gold of 999 purity stood at ₹1,45,200 per 10 grams, down ₹1,918. Silver of 999 purity was ₹1,88,834 per kilogram, down ₹4,849.
That is a decline of 1.30% for gold and 2.50% for silver against Tuesday’s fix. The larger silver move means a sharper change in replacement costs for businesses carrying the metal.
Demand offered little comfort in the latest Delhi market report. Traders cited by PTI on November 10 described subdued festive buying and pressure from weaker international bullion prices and a steady dollar.
There was a countercurrent by Wednesday morning: Reuters reported an overseas recovery after Tuesday’s selloff, although expectations of higher US interest rates constrained gains. For the next session, whether that rebound survives matters more than an early uptick. Softer prices alone do not establish that customers are returning.
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