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Gold, silver price today, Dec 7, 2022: Precious metals witness hike on MCX | Check latest rates here

For the third time in a row, gold and silver prices are retailing higher on the Multi Commodity Exchange (MCX). The precious metals have been recording a jump on the domestic market since Monday.

Gold futures, maturing on February 3, 2023, recorded a jump of Rs 39 and 0.07 per cent on the MCX. The rates are retailing at Rs 53,810 per 10 grams.

Meanwhile, silver futures maturing on March 3, 2023, recorded a jump of Rs 191 or 0.29 per cent, and were trading at Rs 65,500 per kg.

GOLD, SILVER PRICES IN MAJOR CITIES

CITY GOLD (per 10 grams, 22 carats) SILVER (per kg)
NEW DELHI Rs 49,650 Rs 65,500
MUMBAI Rs 49,500 Rs 65,500
KOLKATA Rs 49,500 Rs 65,500
HYDERABAD Rs 49,500 Rs 71,000
PUNE Rs 49,500 Rs 65,500
AHMEDABAD Rs 49,350 Rs 65,500
JAIPUR Rs 49,650 Rs 65,500
CHENNAI Rs 50,160 Rs 71,000

Notably, the gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.

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