On Monday, May 6, 2024, both gold and silver prices experienced an increase on the Multi Commodity Exchange (MCX).
Gold futures maturing on June 5, 2024, reached Rs 70,944 per 10 grams, marking a rise of Rs 247 or 0.35% compared to the previous close of Rs 70,668.
Similarly, silver futures maturing on July 5, 2024, rose by Rs 739 or 0.91% to trade at Rs 81,977 per kg on the MCX, compared to the previous close of Rs 81,043.
The prices of gold and silver in India are influenced by various factors, including the exchange rate of the rupee against the dollar and global demand for precious metals. These factors collectively contribute to the fluctuations observed in the rates of gold and silver.
