After retailing on the higher side for two consecutive days, precious metals showed mixed trends in the Indian markets today. Gold is trading on the higher side of the Multi Commodity Exchange (MCX) while silver prices have recorded a dip on Friday, February 23.
Gold futures, maturing on April 5, 2024, stood at Rs 62,108 per 10 grams, after recording a marginal hike of Rs 81 or 0.13 per cent. The previous close was recorded at Rs 61,977.
Meanwhile, silver futures, due on March 5, 2024, witnessed a downfall of Rs 51 or 0.07 per cent and were retailing at Rs 70,250 per kg on the MCX against the previous close of Rs 70,269.
GOLD AND SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 57,650 | Rs 74,500 |
| MUMBAI | Rs 57,500 | Rs 74,500 |
| KOLKATA | Rs 57,500 | Rs 74,500 |
| CHENNAI | Rs 58,000 | Rs 76,000 |
The price of gold varies for different regions in the country based on certain parameters such as the excise duty, making charges and the state taxes.
GOLD, SILVER PRICES IN INTERNATIONAL MARKET
Gold prices inched higher on Friday and were on track for their first weekly rise in three, as a broadly weaker US dollar and growing tensions in the Middle East lifted bullion’s appeal, news agency Reuters reported.
According to the latest metal report, spot gold was up 0.1 per cent at $2,025.7 per ounce, as of 0411 GMT, and has gained 0.7 per cent so far in the week. US gold futures edged 0.2 per cent higher to $2,035.3 per ounce.
Among other precious metals, silver gained 0.2 per cent to $22.78 per ounce, but was down 2.6 per cent so far in the week.