Gold Rate Update: On the Multi Commodity Exchange (MCX), retail prices for both gold and silver are now below average. After registering a slight decline of Rs 134 or 0.22 percent, gold futures with a maturity date of June 5, 2023, were at Rs 60,245 per 10 grammes. The previous close was 60,379 rupees. In a similar vein, silver futures with a delivery date of July 5, 2023, fell by Rs 568 (0.83 percent) and were trading at Rs 72,652 per kg on the MCX, down from Rs 73,321 at the previous close.
GOLD AND SILVER PRICES IN MAJOR CITIES
The price of gold varies for different regions in the country based on certain parameters such as the excise duty, making charges and the state taxes.
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 56,450 | Rs 74,600 |
| MUMBAI | Rs 56,300 | Rs 74,600 |
| KOLKATA | Rs 56,300 | Rs 74,600 |
| CHENNAI | Rs 56,700 | Rs 78,200 |
Gold Rate Update: What’s up on MCX?
the gold futures contract June 2023 was trading at a level of Rs 59,743 per 10 grams, down by Rs 21 on MCX. 1,600 cheaper than its highest tier. Let me tell you, the life time high of gold is Rs 61,371 per 10 grams. Apart from gold in MCX, the prices of silver have also seen a decline. Today, silver opened with a fall but in no time it reached an intra-day low ofRs 74,053 per 10 grams. Silver was down 0.36per cent in early trade.
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.
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 60251.00 per 10 kilos to Rs 59715.00 per 10 grammes today. The cost of silver, on the other hand, silver is decreased from Rs 72173.00 per kg. to Rs 71700.00 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.
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