Gold Rate Update: Precious metals move down South, check current rates in your city

Gold Rate Update: Rates for gold and silver both decreased today. The Multi Commodity Exchange's lower side was where precious metals were exchanged (MCX). Gold futures with a maturity date of June 5, 2023, were trading at Rs 59,342 per 10 grammes, down a slight Rs 316 or 0.53 percent. The previous close was 59,612 rupees. In a similar vein, silver futures with a delivery date of May 5, 2023, fell by Rs 760, or 1.05 percent, and were trading at Rs 71,811 per kg on the MCX, down from the previous close of Rs 72,218.

Indian Major Cities Gold Rates Today

Gold Rate Update: What’s up on MCX?

Gold futures with a maturity date of June 5, 2023, were trading at Rs 59,342 per 10 grammes, down a slight Rs 316 or 0.53 percent. The previous close was 59,612 rupees. In a similar vein, silver futures with a delivery date of May 5, 2023, fell by Rs 760, or 1.05 percent, and were trading at Rs 71,811 per kg on the MCX, down from the previous close of Rs 72,218.

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 Update: 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 55121 per 10 kilos yesterday evening to Rs 55286 per 10 grammes today. The cost of silver, on the other hand, silver is decreased from Rs. 64407 per kg. to Rs. 64246 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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