Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Friday, April 19, 2024.
Gold futures, maturing on June 5, 2024, stood at Rs 72,676 per 10 grams on the MCX, after recording a marginal dip of Rs 7 or 0.01 per cent. The previous close was recorded at Rs 72,683.
Similarly, silver futures, maturing on May 3, 2024, witnessed a downfall of Rs 42 or 0.05 per cent and were retailing at Rs 83,231 per kg on the MCX against the previous close of Rs 83,273.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 68,300 | Rs 86,500 |
| MUMBAI | Rs 68,150 | Rs 86,500 |
| KOLKATA | Rs 68,150 | Rs 86,500 |
| CHENNAI | Rs 68,900 | Rs 90,000 |
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.
GOLD, SILVER PRICES IN INTERNATIONAL MARKET
Gold prices rose on Friday as risk aversion swept across financial markets following media reports on explosions in Iran, prompting fears of a wider regional conflict and increasing bullion’s safe-haven appeal, news agency Reuters reported.
According to the latest metal report, spot gold was up by 0.3 per cent at $2,386.05 per ounce 0429 GMT, while, U.S. rose 0.1 per cent at $2,401.20.
Among other precious metals, spot silver rose 0.2% to $28.28 per ounce.