Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Wednesday, April 24, 2024.
Gold futures, maturing on June 5, 2024, stood at Rs 71,066 per 10 grams on the MCX, after recording a jump of Rs 37 or 0.05 per cent. The previous close was recorded at Rs 71,029.
Meanwhile, silver futures, maturing on May 3, 2024, witnessed a hike of Rs 287 or 0.36 per cent and were retailing at Rs 80,965 per kg on the MCX against the previous close of Rs 80,678.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 68,100 | Rs 87,000 |
| MUMBAI | Rs 67,950 | Rs 87,000 |
| KOLKATA | Rs 67,950 | Rs 87,000 |
| CHENNAI | Rs 68,700 | Rs 90,500 |
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.