Gold Rate Today: Yellow metal, silver on an upswing, check out the rates in major cities here

Gold Rate Today: The price of 24-carat gold in the national capital increased by Rs 400 to Rs 57,590 per 10 grammes. The precious metal concluded the previous day at Rs 57,190 per 10 kilos. Meanwhile, the price of 22-carat gold was Rs 52,800 per 10 grammes, up Rs 420 from the previous closing.
Experts predict that the precious metal's price would rise due to its safe haven appeal among investors amid unpredictable equity market circumstances. Meanwhile, all eyes will be on the US Fed meeting and the Union Budget, both of which will have a significant impact on commodity market sentiment, they said.

Gold Rate Today in some major cities

Silver Rate Today in some major cities

Gold Rate Today: What’s up on MCX?

On MCX, Gold February Future was trading up by 28 percent to Rs 56,444 per 10 grams in the afternoon trade. In contrast to this, Silver March futures dipped 0.27% to Rs 68,043 per kg.

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 56084 per 10 kilos yesterday evening to Rs 56521 per 10 grammes today. The cost of silver, on the other hand, dropped from Rs. 68304 per kg. last evening to Rs. 68686 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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