New Delhi, Nov. 9 -- The prices of the yellow metal closed lower on India's MCX on Friday, November 7 amid a strong dollar, while silver closed higher.

MCX Gold December futures last closed 0.02% lower at Rs.1,21,038 per 10 grams on Friday, November 7 at 11:58 pm, while the MCX Silver December contracts rose 0.04% to Rs.1,47,789 per kg.

According to India Bullions data, the prices of 24-carat gold were Rs.1,21,470/10 gm at 10:55 am on November 9, and 22-carat gold at Rs.1,11,348/10 gms. Silver prices were at Rs.1,48,320/kg (Silver 999 Fine).

Even though gold recorded losses since the last few weeks, its prices soared by 1,200%, from Rs.7,638 in 2005 to over Rs.1,25,000 in 2025 (as of September), delivering positive returns in 16 of the...