New Delhi, Nov. 16 -- The prices of the yellow metal closed lower on India's MCX on Friday, following losses in the international markets as Federal Reserve members hinted that the lack of fresh economic data could delay rate cuts.

MCX Gold December futures last closed 2.64% lower at Rs.1,23,400 per 10 grams on November 15 at 12 am, while the MCX Silver December contracts dropped 4.27% to Rs.1,55,530 per kg.

According to India Bullions data, the prices of 24-carat gold were Rs.1,23,910/10 gm at 10:15 am on November 16, and 22-carat gold at Rs.1,13,584/10 gms. Silver prices were at Rs.1,56,180/kg (Silver 999 Fine).

However, gold prices surged by 1,200%, rising from Rs.7,638 in 2005 to over Rs.1,25,000 in 2025 (as of September), recordin...