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Gold Prices Soar Amid Dollar Decline: A Glittering Investment Opportunity
8 Nov
Summary
- Gold and silver prices rise on November 7, 2025
- MCX Gold December futures up 0.2% to ₹1,20,850 per 10 grams
- MCX Silver December contracts rise 0.75% to ₹1,48,175 per kg
As of November 8, 2025, the gold and silver markets have seen a notable upswing in prices. On November 7, 2025, MCX Gold December futures increased by 0.2%, reaching ₹1,20,850 per 10 grams, while MCX Silver December contracts rose 0.75% to ₹1,48,175 per kg.
The rise in precious metal prices was primarily driven by a decline in the US dollar against its global counterparts. The weakening of the greenback made gold more appealing to investors, as the yellow metal became more affordable in other currencies. This positive global cue, coupled with the dollar's retreat, has contributed to the recent surge in gold and silver prices.
According to the latest data from India Bullions, the prices of 24-carat gold stood at ₹1,21,260 per 10 grams, and 22-carat gold was priced at ₹111,155 per 10 grams on November 7, 2025. Silver prices, on the other hand, were recorded at ₹148,670 per kg (Silver 999 Fine) on the same day.
