Gold, silver price today, March 13, 2024: Yellow metal records hike, silver trades lower on MCX
Gold Price Today 13 March 2024: Gold is trading on the higher side while silver rates have recorded a dip on the Multi Commodity Exchange (MCX) on Wednesday. Check the latest city-wise prices here.
Precious metals showed mixed trends in the Indian markets today. Gold is trading on the higher side of the Multi Commodity Exchange (MCX) while silver prices have recorded a dip on Wednesday, March 13.
Gold futures, maturing on April 5, 2024, stood at Rs 65,486 per 10 grams, after recording a marginal hike of Rs 5 or 0.01 per cent. The previous close was recorded at Rs 65,481.
Meanwhile, silver futures, due on May 3, 2024, witnessed a hike of Rs 100 or 0.14 per cent and were retailing at Rs 73,750 per kg on the MCX against the previous close of Rs 73,850.
GOLD AND SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 60,880 | Rs 76,200 |
| MUMBAI | Rs 50,730 | Rs 76,200 |
| KOLKATA | Rs 60,730 | Rs 76,200 |
| CHENNAI | Rs 61,480 | Rs 79,600 |
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 remained under pressure on Tuesday, dropping more than 1%, after a hot U.S. inflation report dimmed prospects of the Federal Reserve cutting interest rates soon, news agency Reuters reported.
According to the latest metal report, spot gold fell 1.4 per cent to $2,153.05 per ounce by 1908 GMT, while, U.S. gold futures fell 1 per cent to $2,166.1.
Among other precious metals, spot silver fell 1.5 per cent to $24.08 per ounce.