Gold Rate Update: Prices of yellow metal move down, silver increases, check current rates in your city

Gold Rate Update: Today's precious metals exhibit a mixed trend. On the Multi Commodity Exchange (MCX), silver prices have increased while gold prices are declining. When the market closed, the price of gold was Rs 59,239 for 10 grammes, and the price of silver was Rs 75,326 for 1 kg.

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 59,308 per 10 grammes, down just Rs 42 (or 0.7%). A gain of Rs 244 or 0.32 percent was also seen in silver futures, maturing on September 5, 2023, which were trading at Rs 75,700 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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