New Delhi: Gold and silver prices witnessed a significant rise today on the MCX. Silver jumped over ₹7,000 per kg, while gold increased by more than ₹1,100 per 10 grams in early trading.
Silver Prices
Silver for 5 March delivery closed at ₹2,60,744 per kg in the previous session. Today, it opened at ₹2,65,944 and surged to a high of ₹2,67,990 in early trades, marking a gain of over ₹7,246. At 9:30 AM, silver was trading at ₹2,66,353, up ₹5,609.
Gold Prices
Gold for 2 April delivery closed at ₹1,59,969 per 10 grams in the previous session and opened today at ₹1,60,977. Early trading saw prices climb above ₹1,61,072, up over ₹1,100. By 9:30 AM, gold was trading at ₹1,60,612 per 10 grams, up ₹643.
International Trends
Globally, gold gained 0.5%, reaching $5,174.76 per ounce. Last session had seen a 1% decline after gold hit a three-week high on Monday, prompting profit-booking by investors. Spot silver also rose 1% to $88.23 per ounce, having reached a two-week high on Monday.
City-wise Gold Rates
Delhi
- 22K Standard Gold: ₹1,18,768 per 8 grams
- 24K Pure Gold: ₹1,29,552 per 8 grams
Mumbai
- 22K Standard Gold: ₹1,18,648 per 8 grams
- 24K Pure Gold: ₹1,29,432 per 8 grams
Chennai
- 22K Standard Gold: ₹1,19,128 per 8 grams
- 24K Pure Gold: ₹1,29,960 per 8 grams
Hyderabad
- 22K Standard Gold: ₹1,18,648 per 8 grams
- 24K Pure Gold: ₹1,29,432 per 8 grams
Investors and traders will continue monitoring MCX trends as global cues and domestic demand influence precious metal prices.
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