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Indian markets dip nearly 300 points after seven-day rallying streak

Source: The Print
Published: Oct 26, 2022

 

Mumbai (Maharashtra) [India], October 25 (ANI): Indices of Indian markets fell on Tuesday after gaining for seven consecutive days as BSE Sensex dipped 287.70 points to 59,543.96 while Nifty50 went down by 74 points to settle at 17,656 level.

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Source: India Today
Published: Sept 19, 2022

Gold, silver prices today: Yellow metal records hike, silver witness low on MCX | Check latest rates here

On Wednesday, while gold is trading on the higher side of the Multi Commodity Exchange (MCX), silver is trading on the lower side. Check city-wise rates here.

By India Today Web Desk: For the third day in a row, gold stood on the higher side of the Multi Commodity Exchange (MCX) on Wednesday, whereas silver rates were retailing on the lower side.

Recording a hike of Rs 114 or 0.23 percent, gold futures, maturing on December 5, 2022, stood at Rs 50,560 per 10 grams on the MCX.

Meanwhile, silver futures, maturing on December 5, 2022, witnessed a dip of Rs 2 and were retailing at Rs 58,999 per kg on the MCX.

Notably, the prices of gold and silver stood at Rs 50,502 per 10 grams and Rs 58,846 per kg respectively when the market closed on November 1.

GOLD, SILVER PRICES IN MAJOR CITIES

CITY                   GOLD (per 10 grams, 22 carats)     SILVER (per kg)

NEW DELHI         Rs 47,000                                       Rs 58,900

MUMBAI              Rs 46,850                                       Rs 58,900

KOLKATA            Rs 46,850                                       Rs 58,900

CHENNAI            Rs 47,300                                        Rs 64,500

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.