On the Multi Commodity Exchange, December contracts for both gold and silver fell by over one percent during Friday trading. Globally, gold slipped below the $4,050 per ounce threshold, though it still held onto a weekly gain exceeding 4%. Market analysts suggest that while short-term movements may remain range-bound, the long-term fundamentals for precious metals stay intact. Monarch Networth Capital identified the pullback as an optimal buying window, projecting a fair-value midpoint of $3,922 per ounce.
Key points
Monarch Networth Capital established gold's fair-value trading range between $3,248 and $…: Monarch Networth Capital established gold's fair-value trading range between $3,248 and $4,595 per ounce.
Recent price dips have realigned bullion with its baseline valuation, offering an entry p…: Recent price dips have realigned bullion with its baseline valuation, offering an entry point for festive Dhanteras investors.
Despite the immediate pullback and potential for range-bound fluctuations, analysts maint…: Despite the immediate pullback and potential for range-bound fluctuations, analysts maintain an overall strong long-term outlook for gold.
Sources checked by our analysis pipeline: 1
Dhanteras 2026 gold, silver rates today: Gold and silver prices reversed their trajectory on the occasion of Dhanteras, falling on Friday after gaining for over the past few days. On the Multi Commodity exchange (MCX), gold futures (with December expiry) and silver futures (with Dec expiry) were down nearly 1.24% during Friday’s trading session.
The recent decline has come after the precious metals surged amid hopes of improvement in geopolitical situations and reduction in crude oil prices.
MCX gold rates today
MCX Gold Futures (with December expiry) were trading 1.18% lower at ₹1,42,401 per 10 grams at 2:13 pm on Friday, November 6. The futures contract saw sharp uptick in January this year.
MCX silver rates today
Silver futures contracts (with Dec expiry) on MCX were trading 1.24% lower at ₹1,84,815 per kilogram at 2:16 pm on Friday. The precious metal reached its all time high levels in January this year, followed by steep corrections in February.
Should you invest in gold this Dhanteras?
Gold’s October low remained well within the modelled range and the market has successfully re-anchored itself…
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