Gold Rate Update: Prices of precious metals move down South, check current rates in your city from Mumbai to Lucknow

Gold Rate Update: For the second day in a row, silver and gold prices fell on the Multi Commodity Exchange (MCX). At the time of market closure, the cost of 10 grammes of gold was Rs 59,188, and the cost of 1 kilogramme of silver was Rs 73,546.

GOLD, SILVER PRICES IN MAJOR CITIES

Gold Rate Update: What’s up on MCX?

On the MCX, gold futures with a maturity date of August 4, 2023, were trading at Rs. 59,285 per 10 grammes, down just Rs. 87 or 0.15 percent. Similar to gold, which had a rise of Rs 334 or 0.45%, silver futures with a maturity date of September 5, 2023 also saw a decline and were trading at Rs 73,947 per 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 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 58557 per 10 kilos to Rs 58644 per 10 grammes today. The cost of silver, on the other hand, silver is increased from Rs 70800 per kg. to Rs 70815 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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