Gold Rate Update: Prices of precious metals on a downward roll, check out the rates before heading to the market

Gold Rate Update: Gold and silver are trading on the lower side of the Multi Commodity Exchange for the third day in a row (MCX). Gold futures, maturing on April 5, 2023, were retailing at Rs 56,189 per 10 grammes on the MCX, down Rs 24 or 0.04 percent.

Similarly, silver futures for March 3, 2023, were trading at Rs 65,976 per kg on the MCX, down Rs 202 or 0.31 percent. Notably, when the market closed, gold and silver prices were Rs 56,168 per 10 grammes and Rs 66,052 per kg, respectively.

GOLD, SILVER PRICES IN MAJOR CITIES

Gold Rate Update: What’s up on MCX?

Witnessing a marginal dip of Rs 24 or 0.04 per cent, gold futures, maturing on April 5, 2023, were retailing at Rs 56,189 per 10 grams on the MCX. Similarly, silver futures, maturing on March 3, 2023, stood at Rs 65,976 per kg on the MCX, after recording a downfall of Rs 202 or 0.31 per cent.

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 and silver has decreased today compared to yesterday, according to IBJA. The price of gold has decreased from Rs 56343 per 10 kilos yesterday evening to Rs 56428 per 10 grammes today. The cost of silver, on the other hand, dropped from Rs. 65474 per kg. to Rs. 65389 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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