MCX Gold Watch: Know Gold: After floating with mixed trends in the Indian markets for two consecutive sessions, both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Friday, February 10.
Gold futures, maturing on April 5, 2023, witnessed a downfall of Rs 305 or 0.54% on the MCX and was retailing at Rs 56,760 per 10 grams.
Notably, when the market closed on February 9, the cost of gold was Rs. 56,852 for a gramme and the cost of silver was Rs. 67,030 for a kilogramme.
CITY GOLD (per 10 grams, 22 carats)
NEW DELHI Rs 53,050 Rs 70,800
MUMBAI Rs 52,900 Rs 70,800
KOLKATA Rs 52,900 Rs 70,800
CHENNAI Rs 53,750 Rs 72,500
The value of the rupee relative to the dollar is one of many variables that affect the price of gold and silver in India. The changes seen in the price of precious metals are also heavily influenced by global demand.
International Markets: Like the Indian bullion market, today gold is trading at a fast pace in the international market, while the price of silver is seen softening. In the US, gold was trading higher by USD 4.06 at USD 1,872.36 an ounce, while silver was trading down USD 0.09 at USD 22.19 an ounce.
