Gold and Silver are trading on the upward side of the Multi Commodity Exchange (MCX). Check out the pricing here...
Digital Desk: Gold and silver are trading on the higher side of the Multi Commodity Exchange for the second time in a row (MCX).
On the MCX on Wednesday, gold futures maturing on February 3, 2023 gained Rs 48 and 0.09 percent. When the market started, the rate was Rs 54,770 for 10 grammes.
Silver prices closing on March 3, 2023, increased by Rs 244 (0.35%) and were trading at Rs 68,866 a kg.
Closing Rates for precious Gold and Silver metals:
On Tuesday, gold was trading at Rs 54,743 per 10 gramme, while silver was trading at Rs 68,775 per kilogramme.
GOLD and SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 49,940 | Rs 71,000 |
| MUMBAI | Rs 49,790 | Rs 71,000 |
| KOLKATA | Rs 49,790 | Rs 71,000 |
| HYDERABAD | Rs 49,790 | Rs 71,000 |
| PUNE | Rs 49,790 | Rs 71,000 |
| AHMEDABAD | Rs 49,840 | Rs 73,000 |
| JAIPUR | Rs 49,940 | Rs 71,000 |
| CHENNAI | Rs 50,390 | Rs 73,000 |
Gold and silver prices in India are determined by a variety of factors, including the value of the rupee against the US dollar. Global demand is very important in driving the trends in precious metals rates.
Gold futures increased on Tuesday and were trading at Rs 54,132 per 10 kg. Meanwhile, silver futures climbed by Rs 423, or 0.62 percent. It was selling for Rs 68,085 per kilogramme.
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