Gold Rate Today: Gold futures with an August 4, 2023, maturity date were selling at Rs 58,865 per 10 grammes, up only Rs 46 or 0.08 percent. 58,809 rupees were the previous close. At this point, the price of July 5, 2023-delivery silver futures on the MCX had dropped from Rs. 70,419 at the previous close to Rs. 70,387 per kg, a loss of Rs. 17, or 0.02 percent.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 54,250 | Rs 71,500 |
| MUMBAI | Rs 54,100 | Rs 71,500 |
| KOLKATA | Rs 54,100 | Rs 71,500 |
| CHENNAI | Rs 54,450 | Rs 74,000 |
Gold Rate Today: What’s up on MCX?
The price of gold futures on the MCX with an August 4, 2023, maturity date fell marginally by Rs 64 (0.11 percent), to Rs 59,290 per 10 grammes. Similar to the above, the cost of silver futures expiring on July 5, 2023 decreased by Rs 62, or 0.09 percent, to Rs 72,750 per kg.
Multi Commodity Exchange of India is the full form of MCX. It is an autonomous body for commodity exchange in India. It offers to trade in bullion, energy and agricultural commodities apart from non-ferrous metals.
This is an exchange for commodities like the BSE is for stocks and shares. The MCX sells the products in bulk.
The price for the asset depends upon various factors and is not determined at MCX. The MCX Silver rates are set by trading activity and a bunch of different other factors.
Gold Rate Today: As per IBJA, these are the prices of gold and silver
The price of gold has decreased today compared to yesterday, according to IBJA. The price of gold has decreased from Rs 59973 per 10 kilos to Rs 60012 per 10 grammes today. The cost of silver, on the other hand, silver is decreased from Rs 70969 per kg. to Rs 70782 per kg.
Here’s how to know the latest price of gold by giving a missed call
You can give a missed call on 8955664433 to know the retail rates of gold. Shortly after giving a miss call on this number, you will get the rates through SMS. Along with this, you can see www.ibja.com or ibjarates.com for constant updates or information.
This is how you can determine the purity of gold
If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint about it.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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