Gold Rate Today: Should you wait? Prices of precious metals turn dearer, check current rates in your city from Mumbai to Lucknow

Gold Rate Today: In the first week of May, gold and silver reached all-time highs, climbing to Rs 61739 per 10 grammes and Rs 77280 per kilogramme, respectively. However, the prices of these precious metals are currently decreasing. During the current trading session, both the MCX and the bullion market are thriving.

GOLD AND SILVER PRICES IN MAJOR CITIES

Gold Rate Today: What’s up on MCX?

Gold futures with a maturity date of August 4, 2023 were trading at Rs 58,554 per 10 grammes on the MCX, up only Rs 4 or 0.97 percent. Similarly to gold, which rose by Rs 55 or 0.25 percent, silver futures, which mature on September 5, 2023, rose and were trading at Rs 71409 a kg on the MCX.

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 increased today compared to yesterday, according to IBJA. The price of gold has increased from Rs 58027 per 10 kilos to Rs 58055 per 10 grammes today. The cost of silver, on the other hand, silver is increased from Rs 68429 per kg. to Rs 68539 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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