By India Today Business Desk: Both gold and silver prices recorded a downfall on the Multi Commodity Exchange (MCX) on Monday, July 24, 2023.
Gold futures, maturing on August 4, 2023, stood at Rs 59,216 per 10 grams, after recording a marginal dip of Rs 93 or 0.16 percent. The previous close was recorded at Rs 59,309.
Similarly, silver futures, due on September 5, 2023, witnessed a downfall of Rs 245 or 0.33 percent and were retailing at Rs 74,725 per kg on the MCX against the previous close of Rs 75,970.
GOLD AND SILVER PRICES IN MAJOR CITIES
|CITY||GOLD (per 10 grams, 22 carats)||SILVER (per kg)|
|NEW DELHI||Rs 55,300||Rs 78,000|
|MUMBAI||Rs 55,150||Rs 78,000|
|KOLKATA||Rs 55,150||Rs 78,000|
|CHENNAI||Rs 55,450||Rs 80,500|
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 as investors awaited a U.S. Federal Reserve meeting this week where the central bank could signal a pause in interest rate hikes from July, news agency Reuters reported.
According to the latest metal report, spot gold was little changed at $1,960.30 per ounce by 0340 GMT. Bullion gained nearly 0.3% last week. Additionally, U.S. gold futures fell 0.2% to $1,962.00.
Among other metals, spot silver held steady at $24.58 per ounce, platinum was down 0.2% to $960.16 while palladium fell 0.1% to $1,288.88.