Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Thursday, December 21, 2023. Gold futures, maturing on February 5, 2024, stood at Rs 62,485 per 10 grams on the MCX, after recording a marginal hike of Rs 70 or 0.11 per cent. Similarly, silver futures, maturing on March 5, 2023, also witnessed a jump of Rs 14 or 0.02 percent and were trading at Rs 75,517 per kg on the MCX. The gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals. Catch Manisha Gupta with more details.
first published: Dec 21, 2023 01:37 pm
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