Gold, silver rates record hike on MCX | Check here prices for major cities
Both gold and silver were trading on the higher side of the Multi Commodity Exchange (MCX) on Monday, i.e. November 14. Check the latest city-wise prices here.
Gold and silver have recorded a jump on the MCX. (Representational Image)
By India Today Web Desk: Both gold and silver were trading on the higher side of the Multi Commodity Exchange (MCX) on November 14.
Recording a hike of Rs 206 or 0.39 per cent, gold futures, maturing on December 5, 2022, stood at Rs 52,318 per 10 grams on the MCX.
Meanwhile, silver futures, maturing on December 5, 2022, witnessed a jump of Rs 245 or 0.40 percent and were retailing at Rs 61,619 per kg on the MCX.
GOLD, SILVER PRICES IN MAJOR CITIES
|CITY||GOLD (per 10 grams, 22 carats)||SILVER (per kg)|
|NEW DELHI||Rs 48,360||Rs 61,700|
|MUMBAI||Rs 48,260||Rs 61,700|
|KOLKATA||Rs 48,260||Rs 61,700|
|BANGALORE||Rs 48,290||Rs 67,700|
|PUNE||Rs 48,270||Rs 61,700|
|CHENNAI||Rs 49,010||Rs 67,700|
|JAIPUR||Rs 48,360||Rs 61,700|
On Friday, the rates of gold and silver stood at Rs 52,334 per 10 grams and Rs 61,571 per kg respectively when the market closed on November 11.
In India, gold and silver prices 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.