Gold, silver price today, April 2, 2024: Precious metals record hike on MCX

Gold Price Today April 2, 2024: Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Tuesday. Check the latest city-wise prices here.

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Gold and silver prices increased sharply due to the weakness in the Dollar and safe-haven demand caused by geopolitical tension between Russia and Ukraine.
April 2, 2024: Precious metals record hike on MCX (File Photo)

Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Tuesday, April 2, 2024.

Gold futures, maturing on June 5, 2024, stood at Rs 68,610 per 10 grams on the MCX, after recording a jump of Rs 279 or 0.41 per cent. The previous close was recorded at Rs 68,331.

Meanwhile, silver futures, maturing on May 3, 2024, witnessed a hike of Rs 469 or 0.62 per cent and were retailing at Rs 76,001 per kg on the MCX against the previous close of Rs 75,532.

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GOLD, SILVER PRICES IN MAJOR CITIES

CITY GOLD (per 10 grams, 22 carats) SILVER (per kg)
NEW DELHI Rs 63,760 Rs 78,700
MUMBAI Rs 63,610 Rs 78,700
KOLKATA Rs 63,610 Rs 78,700
CHENNAI Rs 64,300 Rs 82,000

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.

Published By:
Soumya
Published On:
Apr 2, 2024