Gold silver prices stable amid festive demand

GreyOak summary

Gold and silver prices remained largely stable on November 13 due to healthy Diwali demand. Benchmark gold stood at ₹1,37,760 per 10 gm, while silver slipped below the ₹2-lakh mark to ₹1,79,660 per kg. Higher crude oil prices and inflation fears are fueling expectations of US interest rate hikes, acting as a headwind for non-yielding gold.