Gold Price Today 26 June 2023Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Monday. Check the latest city-wise prices here.
By India Today Business DeskBoth gold and silver prices have recorded a hike on the Multi Commodity Exchange (MCX) on Monday, June 26.
Gold futures, maturing on August 4, 2023, stood at Rs 58,481 per 10 grams on the MCX, after recording a marginal hike of Rs 174 or 0.30 percent.
Similarly, silver futures, maturing on July 5, 2023, also witnessed a jump of Rs 895 or 1.30 percent and were trading at Rs 69,999 per kg on the MCX.
The prices of gold and silver stood at Rs 58,307 per 10 grams and Rs 68,083 per kg respectively when the market closed on June 23.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 54,500 | Rs 70,900 |
| MUMBAI | Rs 54,350 | Rs 70,900 |
| KOLKATA | Rs 54,350 | Rs 70,900 |
| CHENNAI | Rs 54,700 | Rs 75,200 |
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.
GOLD, SILVER PRICES IN INTERNATIONAL MARKET
Gold prices edged higher on a weaker dollar, although bullion hovered close to three-month lows as traders assessed prospects that more interest rate hikes by the U.S. Federal Reserve were in the offing, reported news agency Reuters.
According to the latest metal report, spot gold XAU= rose 0.2% to $1,925.78 per ounce by 0341 GMT. U.S. gold futures were up 0.3% at $1,935.50.
Among other precious metals, Spot silver XAG= rose 1.4% to $22.74 per ounce.
Keven Bayer
Wilmer Bode
Jakob Auer