Gold, silver price today, November 22, 2023: Precious metals witness dip on MCX
Gold Price Today 22 November 2023: Both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Wednesday. Check the latest city-wise prices here.
After retailing on the higher side for two consecutive days, both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Wednesday, November 22, 2023.
Gold futures, maturing on December 5, 2023, stood at Rs 61,159 per 10 grams on the MCX, after recording a marginal dip of Rs 114 or 0.19 percent. The previous close was recorded at Rs 61,225.
Similarly, silver futures, maturing on December 5, 2023, witnessed a downfall of Rs 157 or 0.21 per cent and were retailing at Rs 73,204 per kg on the MCX against the previous close of Rs 73,304.
GOLD AND SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 57,000 | Rs 76,000 |
| MUMBAI | Rs 56,850 | Rs 76,000 |
| KOLKATA | Rs 56,850 | Rs 76,000 |
| CHENNAI | Rs 57,300 | Rs 79,000 |
The price of gold varies for different regions in the country based on certain parameters such as the excise duty, making charges and the state taxes.
GOLD, SILVER PRICE IN INTERNATIONAL MARKET
Gold eased below the key $2,000 level on Wednesday, as the dollar stabilised from its recent drop, although expectations that the US Federal Reserve has reached the end of its tightening cycle put a floor under bullion prices, news agency Reuters reported.
According to the latest metal report, spot gold was down 0.1 per cent at $1,996.33 per ounce, as of 0335 GMT. Bullion scaled a three-week high of $2,007.29 in the previous session.
US gold futures eased 0.2 per cent to $1,998.10.
Among other precious metals, spot silver rose 0.1 per cent to $23.75 per ounce.