The significant defeat suffered by President Donald Trump’s party in the U.S. midterm elections has had a direct impact on the commodity market. Prices of gold and silver have surged in the global market. Concurrently, in the domestic market—just one day before Dhanteras—gold and silver have become more expensive.

**Sharp Surge in the International Market**
Gold and silver prices have seen a major spike in the international market, specifically on the COMEX. The U.S. midterm election results, which saw a defeat for President Donald Trump’s party, caused a major upheaval in the markets. On the COMEX, gold rose by 1.69%, trading at $4,141.90 per ounce. Meanwhile, silver prices climbed by 1.48%, reaching $53.055 per ounce.

**Significant Rise in the Domestic Market**
The domestic market has also witnessed a sharp increase in gold and silver prices. Today, gold saw a significant price hike, trading at approximately ₹1.45 lakh per 10 grams. Silver also experienced a surge, with its price reaching around ₹1.45 lakh per kilogram.

**How ​​Much Did Gold Rise on the MCX?**
On the Multi Commodity Exchange (MCX), gold for December delivery became dearer by ₹2,500, trading at ₹1,45,525 per 10 grams. As for silver, it saw an increase of ₹2,751, with the price reaching ₹1,91,088 per kilogram.

**Gold and Silver Become Costlier a Day Before Dhanteras**
With Dhanteras just a day away, gold and silver have once again become more expensive. 24-carat gold is trading at around ₹145,860 per 10 grams, while 22-carat gold is hovering at approximately ₹133,705 per 10 grams. Meanwhile, 18-carat gold is trading at nearly ₹109,395 per 10 grams. In the bullion market, the price of silver was seen trading at approximately ₹191,080 per kilogram.

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