Gold Rate Today: Precious metal prices are fluctuating. Gold has dropped below Rs 60,000. Silver, on the other hand, is falling below the 70,000 mark. Gold and silver, which reached new highs in early May, are now showing signs of a downward trend. Gold hit Rs 61739 per kg in early May, while silver reached Rs 77280 per kg. However, it continues to have ups and downs.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 54,500 | Rs 70,900 |
| MUMBAI | Rs 54,350 | Rs 70,900 |
| KOLKATA | Rs 54,350 | Rs 70,900 |
| CHENNAI | Rs 54,700 | Rs 75,200 |
Gold Rate Today: What’s up on MCX?
The Multi Commodity Exchange (MCX) saw a fall in gold and a rise in silver. Gold has dropped and is now trading much below Rs.60,000. Silver, on the other hand, is falling below the 70,000 mark. Although some analysts believe that the price of silver would surge again around Diwali, reaching Rs 80,000 per kilogramme.
Multi Commodity Exchange of India is the full form of MCX. It is an autonomous body for commodity exchange in India. It offers to trade in bullion, energy and agricultural commodities apart from non-ferrous metals.
This is an exchange for commodities like the BSE is for stocks and shares. The MCX sells the products in bulk.
The price for the asset depends upon various factors and is not determined at MCX. The MCX Silver rates are set by trading activity and a bunch of different other factors.
Gold Rate Today: As per IBJA, these are the prices of gold and silver
The price of gold has decreased today compared to yesterday, according to IBJA. The price of gold has decreased from Rs 60251.00 per 10 kilos to Rs 59715.00 per 10 grammes today. The cost of silver, on the other hand, silver is increased from Rs 72173.00 per kg. to Rs 72700.00 per kg.
Here’s how to know the latest price of gold by giving a missed call
You can give a missed call on 8955664433 to know the retail rates of gold. Shortly after giving a miss call on this number, you will get the rates through SMS. Along with this, you can see www.ibja.com or ibjarates.com for constant updates or information.
This is how you can determine the purity of gold
If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint about it.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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