Both gold and silver prices are retailing on the higher side of the Multi Commodity Exchange (MCX) on Friday, March 31.
Gold futures, maturing on June 5, 2023, stood at Rs 59,948 per 10 grams on the MCX, after recording a marginal hike of Rs 35 or 0.06 per cent.
Similarly, silver futures, maturing on May 5, 2023, also witnessed a jump of Rs 306 or 0.43 percent and were trading at Rs 72,143 per kg on the MCX.The prices of gold and silver stood at Rs 59,895 per 10 grams and Rs 71,774 per kg respectively when the market closed on March 29.
GOLD, SILVER PRICES IN MAJOR CITIES
CITY GOLD (per 10 grams, 22 carats) SILVER (per kg)
NEW DELHI Rs 55,150 Rs 74,000
MUMBAI Rs 55,000 Rs 74,000
KOLKATA Rs 55,000 Rs 74,000
CHENNAI Rs 55,900 Rs 77,500
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.
