Gold And Silver Prices Surge On MCX

by Yuki

June 5, 2024

On Wednesday, June 5, 2024, both gold and silver prices experienced an uptick on the Multi Commodity Exchange (MCX).

Gold futures, set to mature on August 5, 2024, rose by Rs 205, or 0.28 percent, bringing the price to Rs 72,202 per 10 grams. This is an increase from the previous close of Rs 71,997.

Similarly, silver futures, maturing on July 5, 2024, saw a rise of Rs 278, or 0.31 percent, reaching Rs 89,937 per kilogram, compared to the prior close of Rs 89,659.

The fluctuations in gold and silver prices in India are influenced by multiple factors, including the exchange rate of the rupee against the dollar and global demand for these precious metals.

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