By India Today Business Desk: Both gold and silver prices recorded a downfall on the Multi Commodity Exchange (MCX) on Monday, July 10, 2023.
Gold futures, maturing on August 4, 2023, stood at Rs 58,651 per 10 grams, after recording a marginal dip of Rs 146 or 0.25 percent. The previous close was recorded at Rs 58,782.
Similarly, silver futures, due on September 5, 2023, witnessed a downfall of Rs 231 or 0.32 percent and were retailing at Rs 71,079 per kg on the MCX against the previous close of Rs 71,310.
GOLD AND SILVER PRICES IN MAJOR CITIES
|CITY||GOLD (per 10 grams, 22 carats)||SILVER (per kg)|
|NEW DELHI||Rs 54,600||Rs 73,300|
|MUMBAI||Rs 54,450||Rs 73,300|
|KOLKATA||Rs 54,450||Rs 73,300|
|CHENNAI||Rs 54,850||Rs 76,800|
The price of gold varies for different regions in the country based on certain parameters such as the excise duty, making charges and the state taxes.
GOLD, SILVER PRICE IN INTERNATIONAL MARKET
Gold prices were little changed on Monday after U.S. jobs data last week cast doubts over the labor market’s strength, prompting investors to be more skeptical of the Federal Reserve’s rate hike trajectory, news agency Reuters reported.
According to the latest metal report, spot gold was steady at $1,923.62 per ounce by 0347 GMT. U.S. gold futures were down 0.2% at $1,929.50 per ounce.
Among other precious metals, spot silver was steady at $23.05 per ounce, platinum fell 0.1% to $907.34 and palladium eased 0.4% to $1,238.86.