Gold & Silver Prices Witnessed hike On Multi Commodity Exchange On Tuesday

On February 14, 2023, both gold and silver prices witnessed a hike on the Multi Commodity Exchange (MCX) on Tuesday. The gold rate traded higher as a result of positive global cues.

On Multi Commodity Exchange, gold April futures were trading at Rs. 56,644 per 10 grams, up Rs. 147 or 0.26 percent. Gold futures witnessed a hike of Rs. 191 or 0.34 percent.

Silver March futures were trading higher by Rs. 281 at Rs. 66,425 per kg on MCX. Silver futures also recorded a jump of Rs. 291 or 0.44 percent

Globally, the yellow metal fell on Monday. Spot gold fell 0.5 percent to $1,854.79 per ounce, while U.S. gold futures settled 0.6 percent lower at $1,863.50.

The gold and silver prices in India depend on several factors, including the value of the rupee against the dollar.

Rupee closed at 82.76 versus the US dollar on Tuesday against Monday’s close of 82.72. Rupee opened 82.58 against its previous at 82.72 versus the US dollar on Tuesday amid steadiness in the value of the greenback against a basket of six peers. Global crude oil benchmarks fell on Tuesday supporting the currency.

Gold (24 karats) prices (10 grams) in Delhi on February 14, 2023, recorded Rs. 57,310 as against yesterday’s Rs. 57,380. Silver prices (1 kg) in Delhi on February 14, 2023, recorded Rs. 70,400 as against yesterday’s Rs. 70,000.

Gold (24 karats) prices (10 grams) in Mumbai on February 14, 2023, recorded 57,160 as against yesterday’s Rs. 57,230. Silver prices (1 kg) in Mumbai on February 14, 2023, recorded Rs. 70,400 as against yesterday’s Rs. 70,500.

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