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Gold Rate Update: Yellow metal and Silver on a downhill ride, check current rates in your city before heading to the market

Gold Rate Update: Today’s gold prices on the MCX plummeted below Rs. 55,000 per 10 gm and retraced by about Rs. 4,000 from their all-time high of Rs. 58,847 per 10 gm levels. In early morning deals, silver rates today opened lower and plunged nearly Rs. 16,500 below their all-time high of Rs. 77,949 per kg, reaching an intraday low of Rs. 61,580 per kg.

Indian Major Cities Gold Rates Today

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Gold Rate Update: What’s up on MCX?

Gold rates today nosedived below ₹55,000 per 10 gm on MCX and retraced to the tune of ₹4,000 from its life-time high of ₹58,847 per 10 gm levels. Silver rates today opened lower and hit intraday low of ₹61,580 per kg in early morning deals, nosediving around ₹16,500 below its life-time high of ₹77,949 per kg.

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 56140 per 10 kilos yesterday evening to Rs 56085 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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