GOLD, SILVER PRICE TODAY, JUNE 28, 2024: YELLOW METAL RECORDS DIP, SILVER TRADES HIGHER ON MCX
After retailing on the lower side for two consecutive days, precious metals showed mixed trends in the Indian markets today. Gold is trading on the lower side of the Multi Commodity Exchange (MCX) while silver prices have recorded a hike on Friday, June 28.
Gold futures, maturing on August 5, 2024, stood at Rs 71,530 per 10 grams, after recording a marginal dip of Rs 47 or 0.07 per cent. The previous close was recorded at Rs 71,572.
Meanwhile, silver futures, due on September 5, 2024, witnessed a hike of Rs 266 or 0.30 per cent and were retailing at Rs 89,434 per kg on the MCX against the previous close of Rs 89,156.
GOLD AND SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 66,300 | Rs 90,000 |
| MUMBAI | Rs 66,150 | Rs 90,000 |
| KOLKATA | Rs 66,150 | Rs 90,000 |
| CHENNAI | Rs 66,660 | Rs 94,500 |
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.
GOLD, SILVER RATE IN INTERNATIONAL MARKET
Gold prices eased on Friday, but were set for a third straight quarterly rise, while investors look forward to US inflation data due later in the day for more clarity on the Federal Reserve's interest rate-cut timeline, news agency Reuters reported.
According to the latest metal report, spot gold was down 0.3% at $2,321.18 per ounce, as of 0354 GMT. Prices have gained about 4% for the quarter.
US gold futures fell 0.2% to $2,331.90.
"Gold is up on the quarter, largely as the scope for monetary easing in the U.S. has increased ... China also bought large amounts of gold for their reserves, which helped offer support in the second quarter," said Ilya Spivak, head of global macro at Tastylive.
Among other precious metals, spot silver was flat at $29.07.
2024-06-28T05:46:19Z dg43tfdfdgfd