Gold rates rose slightly on Nov 07: Check Prices in Delhi, Mumbai, and other cities

Following the US mid-term election results uncertainty prevailed over the ongoing US-Iran conflict, easing inflation concerns sending the crude rates for a weekly decline. Brent crude however bounced back on Friday by 1.32 per cent to $99.59 per barrel.

US Federal Reserve's decision to keep the interest rates unchanged continues to weigh on bullion which face selling pressure on the face of elevated interest rates. At the same time, investors are assessing the US economic data for cues regarding future monetary policy decisions. Higher inflationary risk poses uncertainty for the investors.

The crude prices remain volatile even after US President Donald Trump's decision to waive sanctions and tariffs on Russia further prompting expectations of rate hikes in the coming sessions.

Meanwhile, the ongoing conflicts involving the Middle East have continued to keep inflation fears high since the end of February.

US inflation data and interest rates set by the Federal Reserve continue to influence the yellow metal's trajectory. When the dollar is stronger and interest rates are high, the yellow metal comes under pressure due to the increased opportunity cost of holding it.

Gold continues to remain under pressure, as its trajectory is likely to be influenced by geopolitical concerns and energy prices, with the Federal Reserve's rate decisions further affecting its price.

On a different note, festive buying across India is also playing a role in determining the cost of the yellow metal.

Check prices across India:

Delhi

24K: Rs 14,360/g

22K: Rs 13,175/g

18K: Rs 10,783/g

Mumbai

24K: Rs 14,357/g

22K: Rs 13,160/g

18K: Rs 10,768/g

Kolkata

24K: Rs 14,357/g

22K: Rs 13,160/g

18K: Rs 10,768/g

Ahmedabad

24K: Rs 14,362/g

22K: Rs 13,165/g

18K: Rs 10,773/g  

Chennai

24K: Rs 14,357/g

22K: Rs 13,160/g

18K: Rs 10,768/g

Hyderabad

24K: Rs 14,357/g

22K: Rs 13,160/g

18K: Rs 10,768/g  

Lucknow

24K: Rs 14,360/g

22K: Rs 13,175/g

18K: Rs 10,783/g

Patna

24K: Rs 14,362/g

22K: Rs 13,165/g

18K: Rs 10,773/g

Bangalore

24K: Rs 14,357/g

22K: Rs 13,160/g

18K: Rs 10,768/g

Bhopal

24K: Rs 14,362/g

22K: Rs 13,165/g

18K: Rs 10,773/g

Pune

24K: Rs 14,357/g

22K: Rs 13,160/g

18K: Rs 10,768/g  

Thiruvananthapuram

24K: Rs 14,357/g

22K: Rs 13,160/g

18K: Rs 10,768/g  

Amritsar

24K: Rs 14,372/g

22K: Rs 13,175/g

18K: Rs 10,783/g

Chandigarh

24K: Rs 14,372/g

22K: Rs 13,175/g

18K: Rs 10,783/g