Gold Rate Today: Prices of precious metals dip, is this the right time to buy? Check out current rates in your city here

Gold Rate Today: Following two days of mixed trends in the Indian markets, both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Friday, February 10. Gold futures expiring on April 5, 2023 fell Rs 305 or 0.54 percent on the MCX, retailing at Rs 56,760 per 10 grammes.

Similarly, silver futures for March 3, 2023, were trading at Rs 66,755 per kg on the MCX, down Rs 661 or 0.99 percent.

Indian Major Cities Gold Rate Today

Gold Rate Today: What’s up on MCX?

On MCX, Gold futures, maturing on April 5, 2023, witnessed a downfall of Rs 61 or 0.11 per cent, and were trading at Rs 56,760 per 10 grams.

On the other hand, silver futures, maturing on March 3, 2023, were retailing at Rs 66,755 per kg, after recording a marginal hike of Rs 21 or 0.03 per cent.

During August 2020, gold price touched Rs 57,191 per 10 grams on MCX. Gold was seen at Rs 56,981 per 10 grams on MCX this morning. That means gold is getting only 210 rupees cheaper than the record price.

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. 

Also Read: Gold Rate Today: Price of yellow metal rises to the seventh heaven while silver halts. These are the prices from Delhi to Bangalore

Gold Rate Today: As per IBJA, these are the prices of gold and silver

The price of gold and silver has decreased today compared to yesterday, according to IBJA. The price of gold has decreased from Rs 57365 per 10 kilos yesterday evening to Rs 57476 per 10 grammes today. The cost of silver, on the other hand, dropped from Rs. 67494 per kg. last evening to Rs. 67194 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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