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 Friday, Feb 2.
Gold futures, maturing on April 5, 2024, stood at Rs 62,924 per 10 grams on the MCX, after recording a marginal hike of Rs 41 or 0.07 per cent. The previous close was recorded at Rs 62,965.
Meanwhile, silver futures, maturing on March 5, 2024, witnessed a dip of Rs 32 or 0.04 per cent and were retailing at Rs 72,250 per kg on the MCX against the previous close of Rs 72,218.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 58,450 | Rs 76,500 |
| MUMBAI | Rs 58,300 | Rs 76,500 |
| KOLKATA | Rs 58,300 | Rs 76,500 |
| CHENNAI | Rs 58,900 | Rs 78,000 |
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.