Today’s gold price is September 14, 2023, and both gold and silver are trading on the bottom side of the Multi Commodity Exchange (MCX). Check out the most recent city-specific pricing here.

On Thursday, September 14, 2023, gold and silver prices fell for the second day in a row on the Multi Commodity Exchange (MCX).

Gold futures, which mature on October 5, 2023, were trading at Rs 58,561 per 10 grams, down Rs 56 or 0.10 percent. The previous close price was Rs 58,593.

Similarly, silver futures, which expire on December 5, 2023, fell by Rs 320 or 0.45 percent and were trading at Rs 71,189 per kg on the MCX, down from the previous close of Rs 71,419.

GOLD AND SILVER PRICES IN MAJOR CITIES

CITY GOLD (per 10 grams, 22 carats) SILVER (per kg)
NEW DELHI Rs 54,650 Rs 73,500
MUMBAI Rs 54,500 Rs 73,500
KOLKATA Rs 54,500 Rs 73,500
CHENNAI Rs 54,800 Rs 77,000

The price of gold varies by area in the country, depending on factors such as excise duty, making costs, and state taxes.

GOLD AND SILVER PRICE IN INTERNATIONAL MARKET

Gold prices rose from roughly three-week lows recorded the previous session on Thursday, as the dollar and Treasury yields fell after US inflation data solidified the argument for a Federal Reserve rate pause next week, according to news agency Reuters.

According to the most recent metal report, spot gold rose 0.2% to $1,909.21 per ounce by 0318 GMT, after falling to its lowest level since August 25 at $1,905.10 on Wednesday. Gold futures in the United States were down 0.1% at $1,930.80.

The SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, reported a 0.3% drop in holdings to 882.00 tonnes on Wednesday.

Among other precious metals, spot silver fell 0.4% to $22.74 per ounce.

 

 

By Deesha

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