Gold, silver price today, Feb 1, 2023: Precious metals record hike on MCX | Check latest rates
Gold Price Today 1 February 2023: Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Wednesday. Check the latest city-wise prices here.
New Delhi,UPDATED: Feb 1, 2023 11:28 IST
Today gold, silver price, Feb 1, 2023: Precious metals witnessed a hike on MCX today. (Photo: Representational)
By India Today Web Desk: After trading on the lower side in the Indian markets yesterday, both gold and silver prices witnessed a hike on the Multi Commodity Exchange (MCX) on Wednesday, February 1.
Gold futures, maturing on April 5, 2023, stood at Rs 57,363 per 10 grams on the MCX, after recording a hike of Rs 150 or 0.26 per cent.
Similarly, silver futures, maturing on March 3, 2023, also recorded a jump of Rs 307 or 0.45 percent and were retailing at Rs 69,155 per kg on the MCX.
Notably, the prices of gold and silver stood at Rs 57,190 per 10 grams and Rs 68,829 per kg respectively when the market closed on January 31.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 52,900 | Rs 72,300 |
| MUMBAI | Rs 52,750 | Rs 72,300 |
| KOLKATA | Rs 52,750 | Rs 72,300 |
| CHENNAI | Rs 53,600 | Rs 74,800 |
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.
