After trading on the higher side the previous day, gold and silver prices were mixed in Indian markets today.
On Friday, October 14, 2022,gold prices have recorded a dip while silver rates are retailing on the higher sideof the Multi Commodity Exchange (MCX).
Witnessing a marginal dip of Rs 44 or 0.09 per cent, gold futures maturing on December 5, 2022, are retailing at Rs 50,875 per 10 grams.
Meanwhile, silver futures maturing on December 5, 2022, are trading at Rs 57,391 per kg on the MCX, recording a hike of Rs 152 or 0.27 per cent.
Notably, the prices of gold and silver stood at Rs 50,884 per 10 grams and Rs 57,140 per kg respectively when the market closed yesterday, October 13.
GOLD, SILVER RATES IN MAJOR INDIAN CITIES
|CITY||GOLD (per 10 grams, 22 carats)||SILVER (per kg)|
|New Delhi||Rs 46,910||Rs 57,170|
|Mumbai||Rs 46,760||Rs 57,170|
|Kolkata||Rs 46,760||Rs 57,170|
|Lucknow||Rs 46,910||Rs 57,170|
|Chennai||Rs 47,610||Rs 62,500|
The gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.