Gold, silver price today, June 14, 2023: Precious metals record hike on MCX | Check latest rates here
Gold Price Today 14 June 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, June 14.
Gold futures, maturing on August 4, 2023, stood at Rs 59,328 per 10 grams on the MCX, after recording a marginal hike of Rs 103 or 0.17 percent.
Similarly, silver futures, maturing on July 5, 2023, also witnessed a jump of Rs 264 or 0.37 percent and were trading at Rs 72,370 per kg on the MCX.
The prices of gold and silver stood at Rs 59,218 per 10 grams and Rs 72,094 per kg respectively when the market closed on June 13.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 55,550 | Rs 74,100 |
| MUMBAI | Rs 55,400 | Rs 74,100 |
| KOLKATA | Rs 55,400 | Rs 74,100 |
| CHENNAI | Rs 55,900 | Rs 79,200 |
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.
GOLD, SILVER PRICES IN INTERNATIONAL MARKET
Gold prices edged up on Wednesday, helped by a softer dollar as investors looked to the Federal Reserve's much-awaited policy decision after the U.S. inflation print cemented bets for a pause in interest rate hikes.
According to the latest metal report, spot gold rose 0.2 per cent to $1,947.25 per ounce by 0257 GMT. U.S. gold futures edged higher 0.1 per cent to $1,960.50.
The U.S. dollar eased slightly, making greenback-priced bullion more appealing to overseas buyers.
Among other precious metals, spot silver advanced 0.6 per cent to $23.8139 per ounce.