Today gold, silver price, June 24, 2024: Both precious metals are retailing on the higher side of the MCX today. (File photo)
Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Monday, June 24, 2024.
Gold futures, maturing on August 5, 2024, stood at Rs 71,719 per 10 grams on the MCX, after recording a jump of Rs 103 or 0.14 per cent. The previous close was recorded at Rs 71,584.
Meanwhile, silver futures, maturing on July 5, 2024, witnessed a marginal hike of Rs 61 or 0.07 per cent and were retailing at Rs 89,231 per kg on the MCX against the previous close of Rs 89,139.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 66,490 | Rs 91,900 |
| MUMBAI | Rs 66,250 | Rs 91,900 |
| KOLKATA | Rs 66,250 | Rs 91,900 |
| CHENNAI | Rs 66,940 | 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.
GOLD, SILVER RATES IN INTERNATIONAL MARKET
Gold prices edged up on Monday as Treasury yields fell, while investors awaited key US inflation data and Federal Reserve officials’ comments through the week for fresh clues on the potential timing of the central bank’s interest rate cut.
Spot gold was up 0.2% at $2,325.53 per ounce as of 0333 GMT, after falling more than 1% on Friday. US gold futures rose 0.3% to $2,338.10.
Among other precious metals, spot silver rose 0.2% to $29.59 per ounce.