Gold Rate Update: For the third day in a row, gold and silver prices were trading on the lower side of the Multi Commodity Exchange (MCX). Gold futures for June 5, 2023, were trading at Rs 60,840 per 10 grammes, down Rs 73 or 0.12%. The previous close was Rs 60,892. Similarly, silver futures due on July 5, 2023 fell by Rs 484 or 0.66 percent and were trading at Rs 73,675 per kg on the MCX, down from the previous close of Rs 73,808.
GOLD AND SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 56,650 | Rs 75,000 |
| MUMBAI | Rs 56,550 | Rs 75,000 |
| KOLKATA | Rs 56,550 | Rs 75,000 |
| CHENNAI | Rs 57,050 | Rs 82,000 |
Gold Rate Update: What’s up on MCX?
the gold futures contract June 2023 was trading at a level of Rs 59,743 per 10 grams, down by Rs 21 on MCX. 1,600 cheaper than its highest tier. Let me tell you, the life time high of gold is Rs 61,371 per 10 grams. Apart from gold in MCX, the prices of silver have also seen a decline. Today, silver opened with a fall but in no time it reached an intra-day low ofRs 74,053 per 10 grams. Silver was down 0.36per cent in early trade.
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 Update : 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 60251.00 per 10 kilos to Rs 59715.00 per 10 grammes today. The cost of silver, on the other hand, silver is decreased from Rs 72173.00 per kg. to Rs 71700.00 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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