Gold, silver price today, April 3, 2023: Precious metals witness dip on MCX

Both gold and silver rates edged lower today. Precious metals were trading on the lower side of the Multi Commodity Exchange (MCX) on Monday, April 3, 2023.

Gold futures, maturing on June 5, 2023, stood at Rs 59,342 per 10 grams, recording a marginal dip of Rs 316 or 0.53 per cent. The previous close was recorded at Rs 59,612.

Similarly, silver futures, due on May 5, 2023, witnessed a downfall of Rs 760 or 1.05 percent and were retailing at Rs 71,811 per kg on the MCX against the previous close of Rs 72,218.

GOLD AND SILVER PRICES IN MAJOR CITIES

CITY                          GOLD (per 10 grams, 22 carats)   SILVER (per kg)
NEW DELHI              Rs 55,150                                          Rs 74,500
MUMBAI                   Rs 55,000                                          Rs 74,500
KOLKATA                 Rs 55,000                                           Rs 74,500
CHENNAI                 Rs 55,600                                           Rs 77,700
The price of gold varies for different regions in the country based on certain parameters such as the excise duty, making charges and the state taxes