After retailing on the higher side for three days this week, gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) for the second consecutive day.
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Gold futures, maturing on February 3, 2023, saw a dip of Rs 37 or 0.07 per cent on the MCX. It was trading at Rs 54,157 per 10 grams.
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Meanwhile, silver futures, maturing on March 3, 2023,
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witnessed a dip too and was retailing at Rs 67,673 per kg. Silver recorded a dip of Rs 218 or 0.39 per cent.
On Thursday, gold futures, maturing on February 3, 2023, saw a dip of Rs 320 or 0.59 per cent and was trading at Rs 54,348 per 10 grams when the market opened.
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Silver futures maturing on March 3, 2023, also witnessed a dip of Rs 1,201 or 1.73 per cent and were trading at 68,210 per kg yesterday.
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GOLD, SILVER PRICES IN MAJOR CITIES
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In India, gold and silver prices 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.
