Gold, silver price today, March 12, 2024: Yellow metal records dip, silver trades higher on MCX
Gold Price Today 12 March 2024: Gold is trading on the lower side while silver rates have recorded a hike on the Multi Commodity Exchange (MCX) on Tuesday. Check the latest city-wise prices here.
Precious metals showed mixed trends in the Indian markets today. Gold is trading on the lower side of the Multi Commodity Exchange (MCX) while silver prices have recorded a hike on Tuesday, March 12.
Gold futures, maturing on April 5, 2024, stood at Rs 66,011 per 10 grams, after recording a marginal dip of Rs 24 or 0.04 per cent. The previous close was recorded at Rs 66,035.
Meanwhile, silver futures, due on May 3, 2024, witnessed a hike of Rs 11 or 0.01 per cent and were retailing at Rs 74,525 per kg on the MCX against the previous close of Rs 74,514.
GOLD AND SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 60,890 | Rs 75,500 |
| MUMBAI | Rs 50,740 | Rs 75,500 |
| KOLKATA | Rs 60,740 | Rs 75,500 |
| CHENNAI | Rs 61,490 | Rs 78,900 |
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 PRICES IN INTERNATIONAL MARKET
Gold prices were steady on Tuesday, as traders refrained from taking new positions after bullion's record run ahead of U.S. consumer prices data that could offer clues on the Federal Reserve's monetary policy trajectory, news agency Reuters reported.
According to the latest metal report, spot gold was flat at $2,182.48 per ounce by 0157 GMT, while, U.S. gold futures was flat at at $2,188.70.
Among other precious metals, spot silver was up by 0.3 per cent to $24.49 per ounce.