Both gold and silver were trading on the lower side of the Multi Commodity Exchange (MCX) on November 3. After recording a hike for three days in a row, gold observed a dip on Thursday.
However, this is the second time in a row that silver is retailing on the lower side of the domestic market.
Recording a dip of Rs 235 or 0.46 percent, gold futures, maturing on December 5, 2022, stood at Rs 50,500 per 10 grams on the MCX.
Meanwhile, silver futures, maturing on December 5, 2022, witnessed a downfall of Rs 540 or 0.92 percent and were retailing at Rs 58,441 per kg on the MCX.
GOLD, SILVER PRICES IN MAJOR CITIES
CITY GOLD (per 10 grams, 22 carats) SILVER (per kg)
NEW DELHI Rs 47,010 Rs 58,100
MUMBAI Rs 46,860 Rs 58,100
KOLKATA Rs 46,860 Rs 58,100
CHENNAI Rs 47,420 Rs 64,500
Notably, the prices of gold and silver stood at Rs 50,606 per 10 grams and Rs 58,790 per kg respectively when the market closed on November 3.