Gold, silver price today, Dec 6, 2022: Precious metal rates jump on MCX

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

Witnessing a marginal hike of Rs 235 or 0.44 per cent, gold futures, maturing on February 3, 2023, were retailing at Rs 53,561 per 10 grams.

Meanwhile, silver futures, maturing on March 3, 2023, recorded a jump of Rs 464 or 0.71 per cent, and were trading at Rs 65,552 per kg.

Notably, the prices of gold and silver stood at Rs 52,931 per 10 grams and Rs 63,461 per kg respectively when the market closed on December 5.

GOLD, SILVER PRICES IN MAJOR CITIES

CITY GOLD              (per 10 grams, 22 carats)     SILVER (per kg)
NEW DELHI              Rs 49,450                                Rs 66,000
MUMBAI                   Rs 49,300                                Rs 66,000
KOLKATA                 Rs 49,300                                Rs 66,000
HYDERABAD          Rs 49,300                                Rs 70,800
PUNE                       Rs 49,300                                Rs 66,000
AHMEDABAD        Rs 49,350                                Rs 66,000
JAIPUR                   Rs 49,450                                Rs 66,000
CHENNAI               Rs 49,550                                Rs 70,800

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.