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.
