Gold Rate Today: Yellow metal, silver on an upswing, check out the rates in major cities here

Gold Rate Today: Gold prices rose to a new lifetime high of Rs 57,149 per 10 grammes, in line with steady global rates. The yellow metal remained in the green. Gold futures expiring on February 3 rose 0.19 percent to Rs 56,890 on the Multi Commodity Exchange.
Silver, on the other hand, fell early in trade. Silver futures for March delivery fell 77 points, or 0.11 percent, to Rs 68,512 per kg.

According to HDFC Securities, gold prices in the national capital fell by Rs 80 to Rs 56,880 per 10 grammes on Monday due to weak local demand. Silver fell by Rs 180 to Rs 68,795 per kg, down from Rs 68,975 per kg.

Indian Major Cities Gold Rate Today

City22K Today24K Today
Chennai53,38058,230
Mumbai52,50057,270
Delhi52,65057,430
Kolkata52,50057,270
Bangalore52,55057,330
Hyderabad52,50057,270
Kerala52,50057,270
Pune52,50057,270
Vadodara52,55057,330
Ahmedabad52,55057,330
Jaipur52,65057,430
Lucknow52,65057,430
Coimbatore53,38058,230
Madurai53,38058,230
Vijayawada52,50057,270
Patna52,55057,330

Gold Rate Today: What’s up on MCX?

On MCX, Gold February Future was trading up by 28 percent to Rs 56,444 per 10 grams in the afternoon trade. In contrast to this, Silver March futures dipped 0.27% to Rs 68,043 per kg.

During August 2020, gold price touched Rs 57,191 per 10 grams on MCX. Gold was seen at Rs 56,981 per 10 grams on MCX this morning. That means gold is getting only 210 rupees cheaper than the record price.

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. 

Also Read: Gold Rate Today: Price of yellow metal rises to the seventh heaven while silver halts. These are the prices from Delhi to Bangalore

Gold Rate Today: As per IBJA, these are the prices of gold and silver

The price of gold and silver has decreased today compared to yesterday, according to IBJA. The price of gold has decreased from Rs 56084 per 10 kilos yesterday evening to Rs 56521 per 10 grammes today. The cost of silver, on the other hand, dropped from Rs. 68304 per kg. last evening to Rs. 68686 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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