On Tuesday, both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX).
Witnessing a marginal hike of Rs 596 or 0.96 per cent, silver futures, maturing on March 3, 2023, were retailing at Rs 62,736 per kg.
Meanwhile, gold futures, maturing on February 3, 2023, recorded a downfall of Rs 266 or 0.50 per cent, and were trading at Rs 52,907 per 10 grams.Notably, the prices of gold and silver stood at Rs 52,803 per 10 grams and Rs 62,384 per kg respectively when the market closed on November 28.
GOLD, SILVER PRICES IN MAJOR CITIES
CITY GOLD (per 10 grams, 22 carats) SILVER (per kg)
NEW DELHI Rs 48,490 Rs 61,000
MUMBAI Rs 48,340 Rs 61,000
KOLKATA Rs 48,340 Rs 61,000
CHENNAI Rs 49,040 Rs 67,000
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.
