After witnessing mixed trends in the Indian markets for two consecutive days, both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Friday, February 10.
Gold futures, maturing on April 5, 2023, saw a downfall of Rs 305 or 0.54 per cent on the MCX and was retailing at Rs 56,760 per 10 grams.
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Similarly, silver futures, maturing on March 3, 2023, stood at Rs 66,755 per kg on the MCX, after recording a dip of Rs 661 or 0.99 per cent.
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Notably, the prices of gold and silver stood at Rs 56,852 per 10 grams and Rs 67,030 per kg respectively when the market closed on February 9.
GOLD, SILVER PRICES IN MAJOR CITIES
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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.
