Gold MCX Rates: Gold prices have risen once again. On Monday, November 10, gold prices jumped sharply in both domestic and international markets. Experts believe this is a good opportunity for long-term investors. According to experts, gold’s strength remains intact.

At around 9:05 am on the Multi-Commodity Exchange, MCX Gold December futures rose 1.04 per cent to ₹1,22,330 per 10 grams. At the same time, MCX Silver December contracts were trading 1.76 per cent higher at ₹1,50,325 per kg.

Gold had fallen from its record high

Gold had reached an intraday high of $4,381.5 per ounce on October 20, 33.3% above its 200-day moving average (DMA). This is the first time gold has reached such a high since May 2006. Subsequently, profit-booking began in the market, and prices fell. Gold was trading at $4,084 per ounce, up 2.08%, as of 10 a.m. on Monday, November 10th, in the international market. Gold is still 6.78% below its record high.

Christopher Wood, Global Head of Equity Strategy at Jefferies, wrote in his report, GREED & FEAR, that if gold falls further, it would be a good opportunity to enter. According to him, the 200-DMA is currently at $3,371/ounce, about 23.1% below the recent peak.

How much has gold become expensive in one year?

Gold has been the strongest asset class in the past year, with prices rising 53.3%. Harsh US tariffs, geopolitical tensions, and the search for safe havens have boosted demand for gold. Additionally, significant purchases by central banks in recent months have also supported gold.

According to Marissa Salim of the World Gold Council, 200 tons of gold have been purchased worldwide so far this year (YTD). This is slightly less than the same period in 2024 (215 tons). The countries that made the most purchases in 2025 are Poland (67 tons), Kazakhstan (40 tons), and Azerbaijan (38 tons).

What should investors do?
Experts believe gold and silver prices may fluctuate again in the near future. They suggest that investors should buy when prices fall. Manoj Kumar Jain of PrithviFinmart Commodity Research notes that gold and silver prices may remain volatile this week amid fluctuations in the dollar index and global financial markets, as well as uncertainty about US inflation data and the end of the shutdown.