Indian Traditional Gold Necklace shot in studio light.

Gold and silver price today on august 23,2023,  both gold and silver are trading higher on the Multi Commodity Exchange (MCX). Check out the most recent city-specific pricing here.

On Wednesday, August 23, both gold and silver prices increased on the Multi Commodity Exchange (MCX).

On the MCX, gold futures expiring on October 5, 2023 were trading at Rs 58,645 per 10 kilos, up Rs 71 or 0.12 percent.

Silver futures, which mature on September 5, 2023, rose by Rs 478 or 0.66 percent and were trading at Rs 72,460 per kg on the MCX.

When the market closed on August 22, gold and silver prices were Rs 58,574 per 10 grams and Rs 71,982 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 74,800
MUMBAI Rs 54,300 Rs 74,800
KOLKATA Rs 54,300 Rs 74,800
CHENNAI Rs 54,600 Rs 78,000

 

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.

GOLD, SILVER PRICES IN INTERNATIONAL MARKET

According to Reuters, gold climbed on Wednesday as a small drop in the US dollar and Treasury yields helped bullion stabilize near a critical $1,900 mark as investors await advice from major central bankers on the interest rate trajectory.

According to the most recent metal report, spot gold was up 0.1% at $1,900.09 per ounce by 0324 GMT, moving away from the five-month lows seen last week. Gold futures in the United States climbed 0.1% to $1,928.60.

Spot silver rose 0.4% to $23.49 per ounce, while platinum rose 0.1% to $920.04.

By Deesha

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