Gold, silver price today, December 3, 2024: Precious metals record hike on MCX
Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Tuesday, December 3, 2024.
Gold futures, maturing on February 5, 2024, stood at Rs 76,764 per 10 grams on the MCX, after recording a jump of Rs 77 or 0.10 per cent. The previous close was recorded at Rs 76,687.
Meanwhile, silver futures, maturing on March 5, 2024, witnessed a marginal hike of Rs 322 or 0.35 per cent and were retailing at Rs 91,132 per kg on the MCX against the previous close of Rs 90,810.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 1 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 7,145 | Rs 91,000 |
| MUMBAI | Rs 7,130 | Rs 91,000 |
| KOLKATA | Rs 7,130 | Rs 91,000 |
| CHENNAI | Rs 7,130 | Rs 99,500 |
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, SILVER PRICES IN INTERNATIONAL MARKET
Gold prices were steady on Tuesday as investors took a cautious stance ahead of the upcoming U.S. economic data that could provide insights into the Federal Reserve’s interest rate path, news agency Reuters reported.
According to the latest metal report, spot gold stood nearly unchanged at $2,636.50 per ounce, as of 0156 GMT, while, U.S. gold futures stood flat at $2,659.00.
Among other precious metals, spot silver rose 0.1 per cent to $30.51 per ounce.