New Delhi, Nov. 24 -- Gold prices in your city today: The yellow metal rates on India's MCX crashed on Monday, November 24, amid dampening hopes of another US Fed rate cut in December, easing geopolitical tensions and a strong dollar.

On Monday, November 24, MCX Gold December futures fell 1.21% or Rs.1,501 to Rs.1,22,652 per 10 grams at 11:22 am, while the MCX Silver December contracts dropped 0.71% to Rs.1,53,063 per kg at 11:30 am.

According to India Bullions data, the prices of 24-carat gold were Rs.1,23,490/10 gm on November 21, and 22-carat gold at Rs.1,13,199/10 gms. Silver prices were at Rs.1,53,890/kg (Silver 999 Fine).

Despite a dip in prices in the recent week, gold prices surged over 1,500%, rising from Rs.7,638 in 2005 to o...