Gold and silver prices experienced a decline on the Multi Commodity Exchange (MCX) on Monday, June 3, 2024.
Gold futures, set to mature on August 5, 2024, were priced at Rs 71,451 per 10 grams on the MCX, reflecting a slight dip of Rs 383 or 0.53 percent compared to the previous session’s close of Rs 71,834.
Similarly, silver futures, maturing on July 5, 2024, observed a decrease of Rs 500 or 0.55 percent, trading at Rs 91,070 per kilogram on the MCX, as opposed to the previous close of Rs 91,570.
The prices of gold and silver in India are influenced by various factors, including the exchange rate between the rupee and the dollar. Additionally, global demand significantly impacts the trends observed in the rates of these precious metals.
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