Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Friday, May 10, 2024.
Gold futures, maturing on June 5, 2024, stood at Rs 72,094 per 10 grams on the MCX, after recording a jump of Rs 455 or 0.64 per cent. The previous close was recorded at Rs 71,639.
Meanwhile, silver futures, maturing on July 5, 2024, witnessed a hike of Rs 486 or 0.58 per cent and were retailing at Rs 84,985 per kg on the MCX against the previous close of Rs 84,499.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 66,290 | Rs 85,300 |
| MUMBAI | Rs 66,140 | Rs 85,300 |
| KOLKATA | Rs 66,140 | Rs 85,300 |
| CHENNAI | Rs 67,050 | 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.