Gold, silver price today, December 13, 2024: Precious metals witness dip on MCX
Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Friday, December 13, 2024.
Gold futures, maturing on February 5, 2024, stood at Rs 77,870 per 10 grams on the MCX, after recording a dip of Rs 99 or 0.13 per cent. The previous close was recorded at Rs 77,969.
Similarly, silver futures, maturing on February 5, 2024, witnessed a dip of Rs 673 or 0.73 per cent and were retailing at Rs 91,960 per kg on the MCX against the previous close of Rs 92,633.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 1 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 7,245 | Rs 93,500 |
| MUMBAI | Rs 7,230 | Rs 93,500 |
| KOLKATA | Rs 7,230 | Rs 93,500 |
| CHENNAI | Rs 7,230 | Rs 1,01,000 |
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.
GOLD, SILVER PRICES IN INTERNATIONAL MARKET
Gold prices edged higher on Friday and were set for a weekly gain, driven by reports of top consumer China resuming gold purchases, and heightened expectations of an interest rate reduction by the Federal Reserve at its Dec. 17-18 meeting, news agency Reuters reported.
According to the latest metal report, spot gold rose 0.3 per cent to $2,688.29 per ounce by 0320 GMT, while, US gold futures were steady at $2,711.30.
Among other precious metals, spot silver remained unchanged at $30.94 per ounce.