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 Thursday, Feb 15.
Gold futures, maturing on April 5, 2024, stood at Rs 61,364 per 10 grams on the MCX, after recording a marginal dip of Rs 79 or 0.13 per cent. The previous close was recorded at Rs 61,443.
Meanwhile, silver futures, maturing on March 5, 2024, witnessed a hike of Rs 73 or 0.10 per cent and were retailing at Rs 70,225 per kg on the MCX against the previous close of Rs 70,152.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 57,050 | Rs 74,500 |
| MUMBAI | Rs 56,900 | Rs 74,500 |
| KOLKATA | Rs 56,900 | Rs 74,500 |
| CHENNAI | Rs 57,400 | Rs 76,000 |
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 lingered below the key $2,000-per-ounce level on Wednesday after hotter-than-expected U.S. inflation data prompted investors to lower bets for early Federal Reserve interest rate cuts, while palladium jumped over 8%, news agency Reuters reported.
According to the latest metal report, spot gold was steady at $1,991.92 per ounce by 1844 GMT, while, U.S. gold futures lost 0.1 per cent to $2,004.3.
Among other precious metals, spot silver rose 1.2 per cent to $22.35 per ounce.