On Monday, June 24, 2024, the prices of gold and silver increased on the Multi Commodity Exchange (MCX).
Gold futures, which will mature on August 5, 2024, were up Rs 103, or 0.14 per cent, on the MCX and were trading at Rs 71,719 per 10 grams. At Rs 71,584, the previous closing was noted.
On the other hand, silver futures maturing on July 5, 2024, jumped by Rs 61, or 0.07 per cent, to Rs 89,231 per kg on the MCX against the previous close of Rs 89,139.
Gold and silver rates in major cities
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 66,490 | Rs 91,900 |
| MUMBAI | Rs 66,250 | Rs 91,900 |
| KOLKATA | Rs 66,250 | Rs 91,900 |
| CHENNAI | Rs 66,940 | Rs 96,400 |
The price of gold and silver in India is determined by a variety of factors such as the rupee’s value against the dollar. Global demand is also a major factor in shaping trends in precious metal prices.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.