On Thursday, April 18, 2024, both gold and silver prices experienced an uptick on the Multi Commodity Exchange (MCX).
Gold futures, with a maturity date of June 5, 2024, reached Rs 72,609 per 10 grams on the MCX, marking an increase of Rs 55 or 0.08 percent compared to the previous close of Rs 72,523.
Similarly, silver futures, maturing on May 3, 2024, saw a rise of Rs 170 or 0.20 percent, trading at Rs 84,000 per kg on the MCX, up from the previous close of Rs 83,499.
Here are the city-wise prices of gold and silver for your reference:
**Gold Prices (per 10 grams, 22 carats):**
- **New Delhi:** Rs 67,800
- **Mumbai:** Rs 67,650
- **Kolkata:** Rs 67,650
- **Chennai:** Rs 68,350
**Silver Prices (per kg):**
- **New Delhi, Mumbai, Kolkata:** Rs 86,500
- **Chennai:** Rs 90,000
The rates of gold and silver in India are influenced by various factors, including the value of the rupee against the dollar and global demand dynamics.
On the international market, gold prices saw an increase due to rising geopolitical tensions in the Middle East, which bolstered the metal's safe-haven appeal. Spot gold was up 0.6 percent at $2,374.97 per ounce, while spot silver rose 0.6 percent to $28.38 per ounce.
