On Monday, April 15, 2024, both gold and silver prices rose on the Mercantile Exchange (MCX).
Gold futures expiring on June 5, 2024 rose by Rs 157, or 0.22 percent, to Rs 72,000 per 10 gram on MCX. The previous close was Rs 71,843.
Meanwhile, silver futures due on May 3, 2024 rose by Rs 423 or 0.51 percent to trade at Rs 83,236 per kg on the MCX compared to the previous close of Rs 82,813.
Gold and silver prices in major cities
City gold (per 10 grams, 22 carat) Silver (per kilogram)
New Delhi 66,640 Rs 85,400
Mumbai Rs 66,490 Rs 85,400
Calcutta Rs 66,490 Rs 85,400
Chennai Rs.68560 Rs.88900
The price of gold and silver in India is determined by several factors, including the value of the rupee against the dollar. Global demand also plays an important role in determining the development of precious metal prices.