Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Tuesday, February 13, 2024.
Gold futures, maturing on April 5, 2024, stood at Rs 62,090 per 10 grams on the MCX, after recording a marginal hike of Rs 12 or 0.02 per cent. The previous close was recorded at Rs 62,078.
Meanwhile, silver futures, maturing on March 5, 2024, witnessed a hike of Rs 40 or 0.06 per cent and were retailing at Rs 71,049 per kg on the MCX against the previous close of Rs 70,009.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 57,840 | Rs 75,600 |
| MUMBAI | Rs 57,690 | Rs 75,600 |
| KOLKATA | Rs 57,690 | Rs 75,600 |
| CHENNAI | Rs 58,290 | Rs 77,100 |
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 ON INTERNATIONAL MARKET
Gold prices slipped on Monday ahead of U.S. inflation data and comments from Federal Reserve officials that could offer insight into the central bank’s interest rate plans, news agency Reuters reported.
According to the latest metal report, spot gold was down 0.2 per cent at $2,020.97 per ounce, as of 1847 GMT.
US gold futures fell 0.3 per cent to $2,033.0 per ounce.
Among other precious metals, spot silver rose 0.6 per cent to $22.73 per ounce.