Gold Price Today 1 January 2024: Gold is trading on the higher side of the Multi Commodity Exchange (MCX) while silver recorded a dip on Monday. Check the latest city-wise prices here.
Precious metals have shown mixed trends in the Indian markets today. While gold is trading on the higher side of the Multi Commodity Exchange (MCX), silver rates have recorded a dip on Monday, January 1.
Gold futures, maturing on February 5, 2024, stood at Rs 63,288 per 10 grams on the MCX, after recording a marginal dip of Rs 85 or 0.13 per cent. The previous close was recorded at Rs 63,203.
Meanwhile, silver futures, maturing on March 5, 2024, witnessed a dip of Rs 111 or 0.15 per cent and were retailing at Rs 74,319 per kg on the MCX against the previous close of Rs 74,440.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 58,700 | Rs 78,600 |
| MUMBAI | Rs 58,550 | Rs 78,600 |
| KOLKATA | Rs 58,550 | Rs 78,600 |
| CHENNAI | Rs 59,100 | Rs 80,000 |
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.