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Home CURRENT AFFAIRS BUSINESS Gold Rate Update: Prices of yellow metal rises, silver dips; check current...

Gold Rate Update: Prices of yellow metal rises, silver dips; check current rates in your city here

Gold Rate Update: Gold prices are higher than average according to the Multi Commodity Exchange (MCX). Meanwhile, domestic silver prices have decreased. On the MCX, gold futures with a maturity date of April 5, 2023, increased by Rs 18, or 0.03 percent. On March 10, 2023, it was being traded for Rs 55,325 per 10 grammes. Silver futures, which mature on May 5, 2023, experienced a decline and were trading at Rs 61,750 per kg at the time. A decrease of Rs 454 or 0.73 percent was seen for silver.

Indian Major Cities Gold Rates Today

City22K Today24K Today
Chennai51,90056,620
Mumbai51,40056,070
Delhi51,55056,210
Kolkata51,40056,070
Bangalore51,45056,110
Hyderabad51,40056,070
Kerala51,40056,070
Pune51,40056,070
Vadodara51,45056,110
Ahmedabad51,45056,110
Jaipur51,55056,210
Lucknow51,55056,210
Coimbatore51,90056,620
Madurai51,90056,620
Vijayawada51,40056,070
Patna51,45056,110
Nagpur51,40056,070
Chandigarh51,55056,210

Gold Rate Update: What’s up on MCX?

Gold futures, maturing on April 5, 2023, saw a hike of Rs 18 or 0.03 per cent on the MCX. It was trading at Rs 55,325 per 10 grams on March 10, 2023. Meanwhile, silver futures, maturing on May 5, 2023, witnessed a dip and was retailing at Rs 61,750 per kg. Silver recorded a downfall of Rs 454 or 0.73 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 has increased today compared to yesterday, according to IBJA. The price of gold has increased from Rs 55121 per 10 kilos yesterday evening to Rs 55286 per 10 grammes today. The cost of silver, on the other hand, silver is decreased from Rs. 64407 per kg. to Rs. 64246 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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