Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Monday, May 20, 2024.
Gold futures, maturing on June 5, 2024, stood at Rs 73,750 per 10 grams on the MCX, after recording a jump of Rs 39 or 0.05 per cent. The previous close was recorded at Rs 73,711.
Meanwhile, silver futures, maturing on July 5, 2024, witnessed a hike of Rs 125 or 0.14 per cent and were retailing at Rs 91,149 per kg on the MCX against the previous close of Rs 91,024.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 67,080 | Rs 92,900 |
| MUMBAI | Rs 67,930 | Rs 92,900 |
| KOLKATA | Rs 67,930 | Rs 92,900 |
| CHENNAI | Rs 68,780 | Rs 96,400 |
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.