By India Today Web Desk: After showing mixed trends in the Indian markets yesterday, both gold and silver were trading on the higher side of the Multi Commodity Exchange (MCX) on Friday, November 11.

Witnessing a marginal hike of Rs 23 or 0.04 per cent, gold futures, maturing on December 5, 2022, stood at Rs 52,150 per 10 grams on the MCX.

Meanwhile, silver futures, maturing on December 5, 2022, also recorded a jump of Rs 19 or 0.03 percent and were retailing at Rs 62,044 per kg on the MCX.

Notably, the prices of gold and silver stood at Rs 52,109 per 10 grams and Rs 61,911 per kg respectively when the market closed on November 10.

GOLD, SILVER PRICES IN MAJOR CITIES

Notably, the gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.