Key Takeaways:
- Gold and silver prices increased on the MCX on June 6, 2024.
- Gold futures for August 5, 2024, rose by Rs 419 or 0.58% to Rs 72,937 per 10 grams.
- Silver futures for July 5, 2024, went up by Rs 1,155 or 1.28% to Rs 91,599 per kg.
- City-wise gold and silver prices in major cities across India.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 1 gram, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 6,745 | Rs 91,600 |
| MUMBAI | Rs 6,730 | Rs 91,600 |
| KOLKATA | Rs 6,730 | Rs 91,600 |
| CHENNAI | Rs 6,724 | Rs 96,100 |
The prices of gold and silver in India are influenced by various factors such as the exchange rate of the rupee against the dollar and global demand for precious metals.
Published On: Jun 6, 2024
FAQs:
1. What caused the increase in gold and silver prices on the MCX?
The rise in gold and silver prices on the MCX on June 6, 2024, can be attributed to factors like market demand, global trends, and the value of the rupee against the dollar.
2. How do city-wise prices of gold and silver vary in India?
The prices of gold and silver in major cities across India can fluctuate based on local demand, taxes, transportation costs, and other regional factors unique to each city.
3. Why are gold and silver considered precious metals?
Gold and silver are classified as precious metals due to their rarity, durability, and use in jewelry and industrial applications. Their high value and limited supply contribute to their status as precious commodities.
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