Gold, silver price today, December 27, 2023: Precious metals record hike on MCX
Gold Price Today December 27, 2023: Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Wednesday. Check the latest city-wise prices here.
For the second day in a row, both gold and silver prices have recorded a hike on the Multi Commodity Exchange (MCX) on Wednesday, December 27, 2023.
Gold futures, maturing on February 5, 2024, stood at Rs 63,260 per 10 grams on the MCX, after recording a marginal hike of Rs 206 or 0.33 per cent. The previous close was recorded at Rs 63,025.
Meanwhile, silver futures, maturing on March 5, 2024, witnessed a hike of Rs 156 or 0.21 per cent and were retailing at Rs 75,279 per kg on the MCX against the previous close of Rs 75,026.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 58,650 | Rs 79,200 |
| MUMBAI | Rs 58,500 | Rs 79,200 |
| KOLKATA | Rs 58,500 | Rs 79,200 |
| CHENNAI | Rs 59,000 | Rs 80,700 |
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.