In Short
- Gold and silver prices witnessed mixed trends in the Indian markets today
- Gold rates witnessed a hike on the MCX
- In Delhi, 22 k gold costs Rs 51,950
By India Today Business DeskAfter retailing on the lower side of the Multi Commodity Exchange (MCX) for four consecutive days, gold and silver prices showed mixed trends in the Indian markets today.
Gold rates recorded a hike on the Multi Commodity Exchange (MCX) while silver remained on the lower side on Friday, February 24.
Recording a jump of Rs 128 or 0.23 per cent, gold futures, maturing on April 5, 2023, were trading at Rs 55,753 per 10 grams.
On the other hand, silver futures, maturing on March 3, 2023, were retailing at Rs 64,450 per kg, after witnessing a marginal dip of Rs 13 or 0.02 per cent.
Notably, the prices of gold and silver stood at Rs 55,587 per 10 grams and Rs 64,351 per kg respectively when the market closed on February 23.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 51,950 | Rs 68,300 |
| MUMBAI | Rs 51,700 | Rs 68,300 |
| KOLKATA | Rs 51,700 | Rs 68,300 |
| CHENNAI | Rs 52,350 | Rs 70,900 |
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.
Kraig Prohaska
Irwin Lind
Harvey Wiegand