Gold and silver prices Today 21 August 2023: Gold and silver are both trading higher on Monday on the Multi Commodity Exchange (MCX). Check out the most recent city-specific pricing here.
On Monday, August 21, both gold and silver prices increased on the Multi Commodity Exchange (MCX).
Gold futures expiring on October 5, 2023, were trading at Rs 58,458 per 10 grams on the MCX, up Rs 83 or 0.14 percent.
Similarly, silver futures expiring on September 5, 202583 saw a Rs 290 or 0.41 percent increase and were trading at Rs 70,525 per kg on the MCX.
When the market closed on August 18, gold and silver prices were Rs 58,375 per 10 gram and Rs 70,235 per kg, respectively.
GOLD, SILVER PRICES IN MAJOR CITIES
|CITY GOLD (per 10 grams, 22 carats) SILVER (per kg)|
|NEW DELHI Rs 54,300 Rs 73,300|
|MUMBAI Rs 54,150 Rs 73,300|
|KOLKATA Rs 54,550 Rs 73,300|
|CHENNAI Rs 54,550 Rs 76,700|
Gold and silver prices in India are determined by a variety of factors, including the value of the rupee against the US dollar. Global demand is very important in driving the trends in precious metals rates.
INTERNATIONAL MARKET PRICES FOR GOLD AND SILVER
According to Reuters, gold prices remained above 5-month lows on Monday after falling in the previous five days.
According to the most recent metal report, spot gold was unchanged at $1,888.36 per ounce at 0124 GMT, while US gold futures rose 0.1% to $1,917.70.
Prices fell to their lowest level since mid-March last week, at $1,883.70, as positive economic news increased expectations on higher-for-longer U.S. interest rates, cutting demand for gold, which pays no interest.
Spot silver held steady at $22.71 per ounce, while platinum traded around $909.57.