After showing mixed trends in the Indian markets yesterday, both gold and silver were trading on the higher side of the Multi Commodity Exchange (MCX) on Friday, December 9.
Witnessing a marginal hike of Rs 178 or 0.33 per cent, gold futures, maturing on February 3, 2022, stood at Rs 54,263 per 10 grams on the MCX.
Meanwhile, silver futures, maturing on March 3, 2022, also recorded a jump of Rs 498 or 0.74 percent and were retailing at Rs 67,567 per kg on the MCX.
Notably, the prices of gold and silver stood at Rs 54,051 per 10 grams and Rs 67,034 per kg respectively when the market closed on December 8 .
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 49,650 | Rs 67,000 |
| MUMBAI | Rs 49,500 | Rs 67,000 |
| KOLKATA | Rs 49,500 | Rs 67,000 |
| CHENNAI | Rs 50,230 | Rs 71,300 |
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.
HOW TO CHECK PURE GOLD?
Hall marks are given by the Indian Standard Organization (ISO) to identify the purity of gold. 999 is written on 24 carat gold jewellery, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat.
A majority of people buy 22 carat gold.
