Key Takeaways:
- Gold and silver prices rose on the MCX for the second consecutive day on June 7, 2024.
- Gold futures for August 5, 2024, increased by Rs 341 per 10 grams, while silver futures for July 5, 2024, witnessed a hike of Rs 559 per kg.
- Prices of gold and silver in major Indian cities vary based on factors like the rupee-dollar exchange rate and global demand for precious metals.
GOLD AND SILVER PRICES ON JUNE 7, 2024:
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 67,750 | Rs 96,000 |
| MUMBAI | Rs 67,600 | Rs 96,000 |
| KOLKATA | Rs 67,600 | Rs 96,000 |
| CHENNAI | Rs 68,400 | Rs 1,00,500 |
The prices of gold and silver in India are influenced by various factors like currency fluctuations and global demand trends.
FAQ:
1. What led to the increase in gold and silver prices on June 7, 2024?
The hike in gold and silver prices on the MCX was primarily due to positive market sentiment and increased demand for precious metals.
2. Why do gold and silver prices differ across major cities in India?
Prices of gold and silver vary in different cities due to factors like transportation costs, local taxes, and demand-supply dynamics specific to each region.
3. How can individuals track the daily fluctuations in gold and silver prices?
Interested individuals can monitor the prices of gold and silver by keeping tabs on financial news websites, market data platforms, and commodity exchange portals.
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