Gold Rate Update: Retail prices for both gold and silver are higher on the Multi Commodity Exchange (MCX). On the MCX, gold futures with a maturity date of June 5, 2023, were trading at Rs 61,024 per 10 grammes, up just Rs 36 or 0.06 percent.
The price of silver futures, which mature on May 5, 2023, increased by Rs 430 (0.58 percent), and they were now trading at Rs 75,050 per kg on the MCX.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 55,460 | Rs 74,600 |
| MUMBAI | Rs 55,310 | Rs 74,600 |
| KOLKATA | Rs 55,310 | Rs 74,600 |
| CHENNAI | Rs 56,010 | Rs 77,800 |
Gold Rate Update: What’s up on MCX?
Gold futures, maturing on June 5, 2023, stood at Rs 61,024 per 10 grams on the MCX, after recording a marginal hike of Rs 36 or 0.06 per cent. Similarly, silver futures, maturing on May 5, 2023, also witnessed a jump of Rs 430 or 0.58 percent and were trading at Rs 75,050 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.
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 59251.00 per 10 kilos yesterday evening to Rs 59715.00 per 10 grammes today. The cost of silver, on the other hand, silver is increased from Rs 71173.00 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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