Gold and Silver Prices Surge on MCX: April 24, 2024 Update
Gold and silver prices have experienced a significant surge today, April 24, 2024, on the Multi Commodity Exchange (MCX). This surge is noteworthy as both precious metals are currently trading higher, with the latest city-wise prices available for reference.
On Wednesday, April 24, 2024, the Multi Commodity Exchange (MCX) witnessed a notable upswing in gold and silver. Gold futures, set to mature on June 5, 2024, reached a precise value of Rs 71,066 per 10 grams, an increase of Rs 37 or 0.05 percent from the previous day's close of Rs 71,029.
Meanwhile, silver futures, due to mature on May 3, 2024, saw a rise of Rs 287 or 0.36 percent, trading at Rs 80,965 per kilogram on the MCX, compared to the previous close of Rs 80,678.
GOLD AND SILVER PRICES ACROSS MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 68,100 | Rs 87,000 |
| MUMBAI | Rs 67,950 | Rs 87,000 |
| KOLKATA | Rs 67,950 | Rs 87,000 |
| CHENNAI | Rs 68,700 | Rs 90,500 |
Several factors can impact the prices of gold and silver in India, including the importance of the Indian rupee comparable to the US dollar and the demand for these metals worldwide. It's important to understand that all of these factors work together to affect the prices of these precious metals.
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