The prices of both gold and silver changed on the Multi Commodity Exchange (MCX) on Tuesday. With a hike of Rs 134 or 0.27 per cent, the gold futures, maturing on October 5, 2022, are retailing at Rs 49,400 per 10 grams on the MCX.
Meanwhile, silver is trading on the lower side today. The silver futures, maturing on December 5, 2022, stand at 56,435 per kg, with a dip of Rs 50 or 0.09 per cent.
Yesterday, when the market closed, gold stood at Rs 49.380 per 10 grams, whereas silver was at Rs 56,720 per kg on the MCX.
GOLD AND SILVER PRICES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 46,000 | Rs 56,700 |
| BANGALORE | Rs 45,900 | Rs 62,000 |
| MUMBAI | Rs 45,850 | Rs 56,700 |
| CHENNAI | Rs 46,320 | Rs 62,000 |
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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. Due to the deadly spread of coronavirus across the country, these prices have been affected.
