Gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on April 12. Gold futures stood at ₹72,423 per 10 grams on the MCX after recording a jump of ₹779- 1.09 per cent. The previous close was recorded at ₹71,644. Silver futures witnessed a rise of ₹1020- 1.23 percent- as it retailed at ₹83,867 per kg on the MCX against the previous close of ₹82,847.
Gold prices scaled to a record high amid geopolitical tensions which experts believe has resulted in a boost in demand for the yellow metal. US economic data failed to dampen gold’s allure, news agency Reuters reported, as spot gold was up by 0.6 percent at $2,386.38 per ounce, while US gold futures rose 1.3 percent at $2,403.90 per ounce.
Spot silver rose 0.7 percent to $28.66 per ounce as per the news agency.
Gold and silver prices in India depend on several factors. These include the value of the rupee against the dollar as well as how global demand and rates are playing out. Here are the prices of gold and silver in major cities on April 12, 2024:
Gold price in New Delhi: ₹66,360 per 10 grams, 22 carats
Silver price in New Delhi: ₹84,900 per kg
Gold price in Mumbai: ₹66,210 per kg
Silver price in Mumbai: ₹84,900 per kg
Gold price in Kolkata: ₹66,210 per kg
Silver price in Kolkata: ₹84,900 per kg
Gold price in Chennai: ₹67,260 per kg
Silver price in Chennai: ₹88,400 per kg