Gold, silver price today, Dec 1, 2022: Yellow metals, silver record hike on MCX| Check latest rates here
Gold Price Today 1 December 2022: Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Thursday. Check the latest city-wise prices here.
Gold and silver prices are trading higher on the MCX. (Representational Image)
By India Today Web Desk: Gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) for the third time in a row on Thursday.
Witnessing a marginal hike of Rs 478 or 0.90 per cent, silver futures, maturing on March 3, 2023, were retailing at Rs 53,040 per kg.
Meanwhile, gold futures, maturing on February 3, 2023, recorded a downfall of Rs 1,389 or 2.19 per cent, and were trading at Rs 64380 per 10 grams.
Notably, the prices of gold and silver stood at Rs 52,931 per 10 grams and Rs 63,461 per kg respectively when the market closed on November 30.
GOLD, SILVER PRICES IN MAJOR CITIES
|CITY||GOLD (per 10 grams, 22 carats)||SILVER (per kg)|
|NEW DELHI||Rs 45,930||Rs 63,600|
|MUMBAI||Rs 48,750||Rs 63,600|
|KOLKATA||Rs 45,780||Rs 63,600|
|CHENNAI||Rs 49,550||Rs 69,800|
Notably, 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.