For the second time in a row, gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX). The precious metals are retailing on the higher side of the domestic market on Tuesday.
With a jump on October 18, gold futures maturing on December 5, 2022, stood at Rs 50,364 per 10 grams on the domestic market. Gold recorded a jump of Rs 47 or 0.09 per cent on October 17.
Meanwhile, silver futures, maturing on December 5, 2022, were trading at Rs 56,239 with a hike of Rs 373 or 0.66 per cent.
On Monday, when the market closed, gold futures were retailing at Rs 50,473 per 10 grams on the MCX. Meanwhile, silver was at Rs 56,307 per kg.
GOLD SILVER RATES
|CITY||GOLD PRICES||SILVER PRICES|
|New Delhi||Rs 46,570||Rs 55,300|
|Mumbai||Rs 46,420||Rs 60,500|
|Chennai||Rs 47,050||Rs 55,300|
|Bengaluru||Rs 46,470||Rs 60,500|
|Lucknow||Rs 46,570||Rs 55,300|
The gold and silver prices in India depend on several factors, such as the value of the rupee against the dollar, and global demand plays a key role in determining the trends observed in the rate of precious metals.