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Gold at ₹1.22 lakh/10 g, Silver near ₹1.52 lakh/kg

SEBI issues caution on digital gold amid steady market trends

Gold prices in India stayed firm on November 10, trading around ₹1,22,010 per 10 grams for 24-carat and ₹1,11,840 per 10 grams for 22-carat gold. In Delhi, 24-carat gold was priced slightly higher at ₹1,22,160 per 10 grams, while similar rates were seen in Mumbai, Kolkata, and other metros.

Silver followed a similar trend, hovering near ₹1.52 lakh per kilogram across most cities. In Chennai, prices were marginally higher at about ₹1.64 lakh per kilogram.

According to market reports, gold slipped by ₹10 per 10 grams and silver by ₹100 per kilogram in early trade, reflecting a minor correction after last week’s rally. Analysts said weak global data and expectations of rate cuts in the U.S. are helping the yellow metal hold firm as a safe-haven asset.

Meanwhile, the Securities and Exchange Board of India (SEBI) issued a fresh advisory cautioning investors about digital gold products. The regulator warned that these online offerings operate outside SEBI’s regulatory framework and could expose buyers to counterparty and operational risks.

Also Read: Sensex up 250 points, Nifty above 25,550 as markets rebound

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