Gold and silver prices extended their gains on Tuesday (November 11), supported by expectations of a US Federal Reserve rate cut in December and relief over the resolution of the prolonged US government shutdown. In India, seasonal jewellery demand and steady investor interest added further strength to bullion prices.

In India, 24-karat gold was priced around ₹12,628 per gram, while 22-karat gold traded at ₹11,575 per gram. For 18-karat gold, prices stood near ₹9,471 per gram.

Local demand has inched up as the ongoing wedding season boosts jewellery purchases and gold continues to serve as a preferred inflation hedge.

Silver prices also moved higher to ₹160 per gram or ₹1.60 lakh per kilogram, with support coming from both festive buying and industrial demand.

According to Aksha Kamb

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