Gold, silver price today, Nov 23, 2022: Yellow metal witness dip, silver records hike on MCX| Check latest rates here

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After retailing on the higher side of the Multi Commodity Exchange (MCX) yesterday, gold and silver prices showed mixed trends in the Indian markets today. While gold rates witnessed a downfall on the Multi Commodity Exchange (MCX), silver remained on the higher side on Wednesday, November 23.

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Witnessing a marginal hike of Rs 76 or 0.12 per cent, silver futures, maturing on December 5, 2022, were retailing at Rs 61,250 per kg.

Meanwhile, gold futures, maturing on December 5, 2022, recorded a downfall of Rs 43 or 0.08 per cent, and were trading at Rs 52,349 per 10 grams.

Notably, the prices of gold and silver stood at Rs 52,289 per 10 grams and Rs 60,986 per kg respectively when the market closed on November 22.

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GOLD, SILVER PRICES IN MAJOR CITIES

Notably, the gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.