Gold and Silver Rates: Evening Rates and Market Update
The retail business of gold continued till late evening in the country, while the wholesale business closed in the evening. According to the India Bullion and Jewelers Association, the price of gold stood at Rs 60,308 this evening, registering a fall of Rs 14 between morning and evening. On the other hand, gold closed with a gain of Rs 151 per 10 grams as compared to the previous trading day. The rate of silver closed at the level of Rs 71372 per kg, registering a fall of Rs 1004 between morning and evening.
Gold and Silver Rates in Major Cities
The rates of major cities of the country are also being told. Gold is selling cheaper by Rs 1,338 from its all-time high. Earlier, gold made its all-time high on May 4, 2023, at the level of Rs 61646 per ten grams. On the other hand, silver is also trading below its all-time high of Rs 5,092, which was recorded on May 4, 2023.
Business Update in MCX and International Market
On the Multi Commodity Exchange (MCX), the futures trade of gold on June 5, 2023, is trading at a level of Rs 60,160.00 with a gain of Rs 241.00. The futures trade of silver on July 5, 2023, is trading at a level of Rs 72,740.00 with a gain of Rs 146.00. In the international market, gold is trading in the US with a gain of $2.76 at the rate of $1,979.70 an ounce, while silver is trading at a level of $23.91 per ounce with a gain of $0.04.
In Conclusion
The market update for gold and silver rates shows a mixed trend with gold registering a fall between morning and evening, while silver recorded a rise of Re 1 per kg as compared to yesterday. The rates of major cities of the country are also being told, along with the business update in MCX and international market.
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