Gold and silver prices inched higher on Friday (November 14), extending a strong week for precious metals as a weaker US dollar and uncertainty around Federal Reserve policy kept safe-haven demand firm. However, hawkish comments from Fed officials and fading expectations of a December rate cut capped some of the upside.

Spot gold traded 0.4% higher at $4,188.93 per ounce as of 0200 GMT, taking weekly gains to about 4.8% an ounce. US gold futures for December delivery held steady at $4,191.90 an ounce.

In India, gold prices stood at ₹12,866 per gram (24K), ₹11,791 per gram (22K) and ₹9,648 per gram (18K). Silver prices were at ₹173 per gram and ₹1.73 lakh per kg.

The dollar index headed for a second straight weekly decline, making dollar-priced bullion more attractive for global buyers.

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