Key Takeaways:
- Gold and silver prices saw a dip on the Multi Commodity Exchange (MCX) on June 11, 2024.
- Gold futures for August 5, 2024, were at Rs 71,170 per 10 grams, down by Rs 268 (0.38%).
- Silver futures for July 5, 2024, were at Rs 88,665 per kg, down by Rs 1,357 (1.51%).
- Prices of gold and silver in major Indian cities vary based on factors like the rupee-dollar exchange rate and global demand.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 1 gram, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 6,600 | Rs 90,500 |
| MUMBAI | Rs 6,585 | Rs 90,500 |
| KOLKATA | Rs 6,585 | Rs 90,500 |
| CHENNAI | Rs 6,645 | Rs 95,000 |
The prices of gold and silver in India are subject to fluctuations influenced by various factors such as the exchange rate between the rupee and the dollar and global demand for these precious metals.
FAQ:
1. What caused the dip in gold and silver prices on June 11, 2024?
The dip in gold and silver prices on that date can be attributed to market fluctuations influenced by factors like global demand and currency exchange rates.
2. How do gold and silver prices vary across different cities in India?
Gold and silver prices can differ across cities due to local demand, taxes, transportation costs, and other factors that impact the final retail price.
3. What are the key factors that determine the prices of precious metals in the Indian market?
The prices of gold and silver in India are influenced by factors such as international market trends, currency exchange rates, global demand, inflation rates, and geopolitical events.
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