Precious metals have shown mixed trends in the Indian markets today. While gold is trading on the lower side of the Multi Commodity Exchange (MCX), silver rates have recorded a hike on Monday, Feb 13.
Gold futures, maturing on April 5, 2024, stood at Rs 62,222 per 10 grams on the MCX, after recording a marginal dip of Rs 72 or 0.12 per cent. The previous close was recorded at Rs 62,294.
Meanwhile, silver futures, maturing on March 5, 2024, witnessed a hike of Rs 328 or 0.46 per cent and were retailing at Rs 71,102 per kg on the MCX against the previous close of Rs 70,774.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 57,850 | Rs 75,500 |
| MUMBAI | Rs 57,700 | Rs 75,500 |
| KOLKATA | Rs 57,700 | Rs 75,500 |
| CHENNAI | Rs 58,300 | Rs 77,000 |
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 steadied in a tight range on Monday in holiday-thinned trading, as investors awaited remarks from a slew of U.S. Federal Reserve officials in a data-packed week, news agency Reuters reported.
According to the latest metal report, spot gold stood at $2,022.39 per ounce by 0340 GMT, while, U.S. gold futures were steady at $2,036.20.
Among other precious metals, spot silver rose 0.3 per cent to $22.66 per ounce.