Gold Rate Today: Both gold and silver prices are selling on the lower side of the Multi Commodity Exchange (MCX) after yesterday’s market in India showed mixed movements. The price of gold futures with a maturity date of June 5, 2023, was Rs 59,739 per 10 grammes, following a slight decline of Rs 137 or 0.23 percent. The previous close was 59,860 rupees.
In a similar vein, silver futures with a delivery date of July 5, 2023, fell by Rs 286 (or 0.40 percent) and were trading at Rs 70,841 per kg on the MCX, down from Rs 71,086 at the previous close.
GOLD AND SILVER PRICES IN MAJOR CITIES
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.
|CITY||GOLD (per 10 grams, 22 carats)||SILVER (per kg)|
|NEW DELHI||Rs 56,400||Rs 74,050|
|MUMBAI||Rs 56,250||Rs 74,050|
|KOLKATA||Rs 56,250||Rs 74,050|
|CHENNAI||Rs 56,250||Rs 77,500|
Gold Rate Today: What’s up on MCX?
Gold futures on the MCX were trading at Rs 60,810 per 10 grammes, down Rs 170 or 0.28 percent, with a maturity date of June 5, 2023. Silver futures with a maturity date of May 5, 2023 declined in price, trading at Rs 76,225 per kg on the MCX, similar to how gold fell by Rs 191 or 0.25 percent.
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 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 decreased from Rs 72173.00 per kg. to Rs 71700.00 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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