After retailing on the higher side in the Indian markets yesterday, both gold and silver rates edged lower today. Precious metals are trading on the lower side of the Multi Commodity Exchange (MCX) on Tuesday, March 14, 2023.
Gold futures, maturing on April 5, 2023, stood at Rs 57,491 per 10 grams, recording a marginal dip of Rs 202 or 0.35 per cent. The previous close was recorded at Rs 57,642.
Similarly, silver futures, due on May 5, 2023, witnessed a downfall of Rs 303 or 0.45 percent and were retailing at Rs 66,477 per kg on the MCX against the previous close of Rs 66,652.
GOLD AND SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 52,600 | Rs 66,000 |
| MUMBAI | Rs 52,450 | Rs 66,000 |
| KOLKATA | Rs 52,450 | Rs 66,000 |
| CHENNAI | Rs 53,250 | Rs 69,500 |
The price of gold varies for different regions in the country based on certain parameters such as the excise duty, making charges and the state taxes
