Gold and Silver Prices Jump On Multi Commodity Exchange | Know The Latest Price Here

Today, gold and silver are trading on the higher side with a decent hike. With a 0.07 percent or Rs 35 jump, gold futures maturing on August 5 stand at Rs 49,150 per 10 grams on the Multi Commodity Exchange (MCX). Whereas, silver futures maturing on July 5 stand at Rs 71,356 per kg with a 0.23 percent or Rs 164 hike. Silver has been witnessing a marginal dip for the last two days.

Yesterday, the gold prices jumped to Rs 49,146 per 10 grams and silver went down at stood at Rs 71,606 per kg on MCX. The price of silver and gold depends on the value of the rupee against the dollar and global demand for the metal.

Silver and Gold Rates on the International Market

If we talk about the international market, the price of gold remained unchanged on June 9, 2021, as bond yields remained under pressure. As per Reuters, U.S. benchmark 10-year Treasury yields were floating near more than a month low, while the dollar index held steady. 

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However, spot gold was up 0.1 percent at $1,893.89 per ounce, as of 0331 GMT and U.S. gold futures rose 0.1 percent to $1,896.60. The silver rate rose 0.2 percent to $27.68 per ounce.

Gold and silver in India

In Delhi (India), the price for 22-carats of gold is recorded at Rs 48,060 on June 9, whereas the rate for 24-carats gold is Rs 52,430. In Mumbai, the rate for 22-carats gold is Rs 47,690 and Rs 48,690 for 24-carats. 

Check here city-wise Gold and Silver rates: