Gold prices today: Check rates for Mumbai, Delhi, Kolkata here

Gold prices eased on Thursday as a stronger US dollar and fading hopes of a Federal Reserve rate cut in December weighed on the precious metal ahead of the release of key US employment dataIn Mumbai 24carat gold was priced at Rs 124870 per 10 grams while 22carat gold stood at Rs 114460 per 10 grams These rates exclude GST and making charges Silver traded at Rs 168100 per kg in the spot marketAt around 945 am MCX Gold December futures slipped 023 per cent to Rs 122768 per 10 gramsIn contrast silver gained ground with MCX Silver up 039 per cent at Rs 155717 per kgExperts told IANS that gold has support at Rs 122200 and Rs 121650 while resistance lies at Rs 123800 and Rs 124400 Silver has support at Rs 154000 and Rs 152500 with resistance at Rs 156600 and Rs 158000Across major Indian cities on November 20 22carat gold prices ranged between Rs 114460 and Rs 114610 per 10 grams while 24carat gold prices stood between Rs 124870 and Rs 125020 per 10 grams In Delhi and Jaipur 22k gold was priced at Rs 114610 and 24k gold at Rs 125020 Ahmedabad recorded rates of Rs 114510 for 22k and Rs 124920 for 24k In Pune Mumbai Hyderabad Chennai Bengaluru and Kolkata 22k gold was uniformly priced at Rs 114460 while 24k gold stood at Rs 124870 in these citiesThe US dollar index climbed to 10030 its highest level in over two weeks A stronger dollar typically makes gold more expensive for international buyers dampening global demandSentiment was further pressured by the release of the US Federal Reserversquos October meeting minutes which indicated that policymakers remain wary of cutting interest rates prematurely fearing a potential resurgence in inflation The outlook has tempered expectations of a rate cut in DecemberAnalysts noted that gold pared earlier gains following the minutes with traders closely monitoring developments in Japan and other economic indicators the release of which has been delayedMeanwhile the US jobless claims rose midOctober while continuing claims increased to 19 million signalling a cooling labour market conditionsFederal Reserve officials offered mixed cues with Thomas Barkin highlighted balanced risks between inflation and employment while Christopher Waller struck a more dovish tone citing weakening labour conditionsSpot silver rose appreciated 309 per cent to USD 5226 per ounce in the overseas tradeWith inputs from IANS and PTI