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For the second day in a row, both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Monday, March 11, 2024.

Gold futures, maturing on April 5, 2024, stood at Rs 66,015 per 10 grams on the MCX, after recording a marginal dip of Rs 8 or 0.01 per cent. The previous close was recorded at Rs 66,023.

Meanwhile, silver futures, maturing on May 3, 2024, witnessed a dip of Rs 77 or 0.10 per cent and were retailing at Rs 74,185 per kg on the MCX against the previous close of Rs 74,262.


CITY GOLD (per 10 grams, 22 carats) SILVER (per kg)
NEW DELHI Rs 60,900 Rs 75,600
MUMBAI Rs 60,750 Rs 75,600
KOLKATA Rs 60.750 Rs 75,600
CHENNAI Rs 61,500 Rs 79,000

The gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.


Gold prices took a breather from a record-breaking rally on Monday, which was fuelled by a cooling U.S. labor market and remarks from the Federal Reserve, as traders awaited an inflation report for fresh clues on the timing of rate cuts, news agency Reuters reported.

According to the latest metal report, spot gold stood at $2,178.44 per ounce. US gold futures were flat at $2,158.30.

Among other precious metals, spot silver fell 0.3 per cent to $24.25 per ounce.

Published On:

Mar 11, 2024

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