Analysts cited by LiveMint described gold as a steadier portfolio holding than silver, while later prices from India’s Multi Commodity Exchange (MCX) were below figures the outlet reported earlier on Nov. 11.
LiveMint reported at 6:20 a.m. ET that MCX gold futures were at ₹141,450 per 10 grams, up 0.66%, and silver futures were at ₹187,081 per kilogram, up 2.47%. At 9:56 a.m. ET, the exchange listed December gold futures at ₹140,316 per 10 grams and December silver futures at ₹184,573 per kilogram. MCX marks these entries as LTP, its abbreviation for last traded price.
Kaveri More, a commodity technical analyst at Choice Broking, told LiveMint that gold fit investors seeking a core allocation, while silver carried greater risk. More cited demand for silver from solar energy, electronics and electric vehicles, saying its industrial uses make it more responsive to economic conditions. Gaurav Arora, head of research at SAHI, identified ₹138,250 as a support level for MCX gold and ₹178,800 for silver, LiveMint reported. Arora also favored gold and recommended keeping silver exposure relatively small. The support levels are his technical estimates, not exchange-set prices. Neither analyst gave a return target or a defined period for comparing performance.
The World Gold Council said Indian gold-backed exchange-traded fund demand totaled 29 tonnes from January through September 2026, equal to about 7% of gold imports. It compared that share with about 5% a year earlier.
The Federal Reserve held its target range at 3.75% to 4.00% on Oct. 28, in a 10-2 vote by the Federal Open Market Committee. Lisa D. Cook and Beth M. Hammack favored a quarter-point increase. The committee’s next scheduled meeting is Dec. 8-9.
