In Short
- Gold and silver prices witnessed a downfall on the MCX today
- Gold futures were retailing at Rs 56,189 per 10 grams
- In Delhi, 22k gold costs Rs 52,150 per 10 grams
For a third day in a row, both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Wednesday, February 22.
Witnessing a marginal dip of Rs 24 or 0.04 per cent, gold futures, maturing on April 5, 2023, were retailing at Rs 56,189 per 10 grams on the MCX
Similarly, silver futures, maturing on March 3, 2023, stood at Rs 65,976 per kg on the MCX, after recording a downfall of Rs 202 or 0.31 per cent.
Notably, the prices of gold and silver stood at Rs 56,168 per 10 grams and Rs 66,052 per kg respectively when the market closed on February 21.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 52,150 | Rs 68,800 |
| MUMBAI | Rs 52,000 | Rs 68,800 |
| KOLKATA | Rs 52,000 | Rs 68,800 |
| CHENNAI | Rs 52,750 | Rs 72,000 |
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.
Trace Hane
Keven Bayer
Wilmer Bode