Both gold and silver prices have recorded a downfall on the Multi Commodity Exchange (MCX) on Friday, June 30, 2023.
Gold futures, maturing on August 4, 2023, stood at Rs 58,020 per 10 grams, after recording a marginal dip of Rs 44 or 0.08 percent. The previous close was recorded at Rs 58,014.
Similarly, silver futures, due on July 5, 2023, witnessed a downfall of Rs 458 or 0.66 percent and were retailing at Rs 69,644 per kg on the MCX against the previous close of Rs 69,596.
The price of gold varies for different regions in the country based on certain parameters such as the excise duty, making charges and the state taxes.
GOLD, SILVER PRICE IN INTERNATIONAL MARKET
Gold held near four-month lows as traders awaited key U.S. inflation numbers later in the day after a slew of strong data prints and hawkish comments from Federal Reserve officials raised bets of more rate hikes, news agency Reuters reported.
According to the latest metal report, spot gold was steady at $1,907.78 per ounce by 0316 GMT while U.S. gold futures fell 0.1 per cent to $1,915.80.
Spot silver rose 0.2 per cent to $22.59 per ounce, among other precious metals.
