Gold Price Today 6 June 2023: Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Tuesday. Check the latest city-wise prices here.
After trading on the lower side yesterday, both gold and silver prices have recorded a hike on the Multi Commodity Exchange (MCX) on Tuesday, June 6.
Gold futures, maturing on August 4, 2023, stood at Rs 59,949 per 10 grams on the MCX, after recording a marginal hike of Rs 42 or 0.07 percent.
Similarly, silver futures, maturing on July 5, 2023, also witnessed a jump of Rs 200 or 0.28 percent and were trading at Rs 72,216 per kg on the MCX.
The prices of gold and silver stood at Rs 59,848 per 10 grams and Rs 71,872 per kg respectively when the market closed on June 5.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 55,750 | Rs 73,500 |
| MUMBAI | Rs 55,600 | Rs 73,500 |
| KOLKATA | Rs 55,600 | Rs 73,500 |
| CHENNAI | Rs 56,000 | Rs 78,000 |
The Sensex declined 170.44 points, or 0.27%, to 62,972.52, while the Nifty traded 63.10 points, or 0.34%, lower at 18,663.30.
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 PRICE IN INTERNATIONAL MARKET
Gold prices edged lower on Tuesday as investors sought more clarity around the U.S. Federal Reserve’s policy outlook, while a softer dollar capped further decline, keeping bullion in a narrow range, news agency Reuters reported.
According to the latest metal report, spot gold eased 0.1 per cent to $1,959.59 per ounce by 0427 GMT, while U.S. gold futures held steady at $1,975.60.The dollar index eased slightly, making bullion more affordable for investors holding other currencies.