Gold Rate Update: Prices of yellow metal rise, silver dips further, check current rates in your city

Gold Rate Update: Gold prices increased on the Multi Commodity Exchange (MCX), while silver prices remained low. Gold futures, which mature on April 5, 2023, were trading at Rs 55,753 per 10 grammes, up Rs 128 or 0.23 percent. Silver futures, which mature on March 3, 2023, were retailing at Rs 64,450 per kg, after a marginal drop of Rs 13 or 0.02 percent. Notably, when the market closed on February 23, gold and silver were priced at Rs 55,587 per 10 gramme and Rs 64,351 per kg, respectively.

Indian Major Cities Gold Rates Today

Gold Rate Update: What’s up on MCX?

Recording a jump of Rs 128 or 0.23 per cent, gold futures, maturing on April 5, 2023, were trading at Rs 55,753 per 10 grams.

On the other hand, silver futures, maturing on March 3, 2023, were retailing at Rs 64,450 per kg, after witnessing a marginal dip of Rs 13 or 0.02 per cent.

Notably, the prices of gold and silver stood at Rs 55,587 per 10 grams and Rs 64,351 per kg respectively when the market closed on February 23.

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 increased from Rs 56080 per 10 kilos yesterday evening to Rs 56197 per 10 grammes today. The cost of silver, on the other hand, dropped from Rs. 65293 per kg. to Rs. 65192 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.)

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER