Gold, silver price today, July 13, 2023: Precious metals record hike on MCX | Check latest rates here

By India Today Business Desk: For the second day in a row, both gold and silver prices have recorded a hike on the Multi Commodity Exchange (MCX) on Thursday, July 13.

Gold futures, maturing on August 4, 2023, stood at Rs 59,285 per 10 grams on the MCX, after recording a marginal hike of Rs 87 or 0.15 percent.

Similarly, silver futures, maturing on September 5, 2023, also witnessed a jump of Rs 334 or 0.45 percent and were trading at Rs 73,947 per kg on the MCX.

The prices of gold and silver stood at Rs 59,188 per 10 grams and Rs 73,546 per kg respectively when the market closed on July 12.


CITY GOLD (per 10 grams, 22 carats) SILVER (per kg)
NEW DELHI Rs 54,600 Rs 73,400
MUMBAI Rs 54,450 Rs 73,400
KOLKATA Rs 54,450 Rs 73,400
CHENNAI Rs 54,820 Rs 77,100

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 prices advanced to a near one-month high on Thursday, supported by a softer U.S. dollar, after U.S. inflation data raised hopes that the Federal Reserve would soon stop tightening its monetary policy, news agency Reuters reported.

According to the latest metal report, spot gold was up 0.1 per cent to $1,959.79 per ounce by 0241 GMT, hitting its highest since June 16. Meanwhile, U.S. gold futures ticked up 0.1 per cent to $1,964.30.

“Gold could go higher, closer to the $2,000 mark, however, chances of prices coming down is more likely this quarter, and thus $1,800 remains a possibility,” Lan said.

Recent hawkish comments from policymakers have weighed on gold, with bullion down more than $100 since its May highs.

Among other precious metals, spot silver rose 0.3 per cent to $24.2163 per ounce.

Leave a Reply

Your email address will not be published. Required fields are marked *