Gold, silver price today, Dec 20, 2022: Precious metals record hike on MCX

For the second day in a row, both gold and silver were trading on the higher side of the Multi Commodity Exchange (MCX) on Tuesday, December 20.

Gold futures, maturing on February 3, 2023, were retailing at Rs 54,430, after witnessing a jump of Rs 122 or 0.22 per cent.

Meanwhile, silver futures, maturing on March 3, 2023, also recorded a hike of Rs 219 or 0.32 per cent and stood at Rs 67,776 per kg on the MCX.

Notably, the prices of gold and silver stood at Rs 54,260 per 10 grams and Rs 67,512 per kg respectively when the market closed on December 19.

GOLD, SILVER PRICES IN MAJOR CITIES

CITY GOLD         (per 10 grams, 22 carats)    SILVER (per kg)
NEW DELHI         Rs 49,740                               Rs 69,300
MUMBAI              Rs 49,590                               Rs 69,300
KOLKATA            Rs 49,590                                Rs 69,300
CHENNAI            Rs 50,720                                Rs 73,100
Notably, 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.