Gold, silver prices fall for second consecutive day | Check latest rates here

For the second consecutive day, both gold and silver rates edged lower in the Indian market.

Precious metals were trading on the lower side of the Multi Commodity Exchange (MCX) on Thursday, March 9.

Gold futures, maturing on April 5, 2023, stood at Rs 54,882 per 10 grams, recording a marginal dip of Rs 124 or 0.23 per cent. The previous close was recorded at Rs 54,911.

Similarly, silver futures, due on May 5, 2023, witnessed a downfall of Rs 277 or 0.45 percent and were retailing at Rs 61,900 per kg on the MCX against the previous close of Rs 61,817.

GOLD AND SILVER PRICES

CITY GOLD               (per 10 grams, 22 carats)   SILVER (per kg)
NEW DELHI                Rs 51,050                             Rs 65,450
MUMBAI                     Rs 50,900                             Rs 65,450
KOLKATA                   Rs 50,900                              Rs 65,450
CHENNAI                   Rs 51,550                              Rs 67,400

The price of gold varies for different regions based on certain parameters such as the excise duty, making charges and the state taxes.