Punjab News Network

Today, February 9, 2024, sees a decrease in the price of gold while silver trades higher on the MCX. Check out the most recent rates here

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<p>Precious metals have exhibited divergent trajectories in the Indian markets today. While gold is currently positioned on the lower echelons of the Multi Commodity Exchange (MCX), silver rates have manifested an upswing on this Friday, the 9th of February.</p>
<p><img decoding=”async” class=”alignnone wp-image-393219″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-today-february-9-2024-sees-a-decrease-in-the-price-of-gold-while-silver-trades-hig.jpg” alt=”theindiaprint.com today february 9 2024 sees a decrease in the price of gold while silver trades hig” width=”1375″ height=”773″ title=”Today, February 9, 2024, sees a decrease in the price of gold while silver trades higher on the MCX. Check out the most recent rates here 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-today-february-9-2024-sees-a-decrease-in-the-price-of-gold-while-silver-trades-hig.jpg 690w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-today-february-9-2024-sees-a-decrease-in-the-price-of-gold-while-silver-trades-hig-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-today-february-9-2024-sees-a-decrease-in-the-price-of-gold-while-silver-trades-hig-150×84.jpg 150w” sizes=”(max-width: 1375px) 100vw, 1375px” /></p>
<p>Gold futures, reaching maturity on the 5th of April, 2024, are situated at Rs 62,431 per 10 grams on the MCX, having experienced a marginal descent of Rs 12 or 0.02 per cent. The antecedent closure was noted at Rs 62,443.</p>
<p>Concurrently, silver futures, set to mature on the 5th of March, 2024, underwent an escalation of Rs 113 or 0.16 per cent, retailing at Rs 70,950 per kg on the MCX, in contrast to the previous closure at Rs 70,837.</p>
<p><strong>GOLD AND SILVER PRICES IN MAJOR CITIES</strong></p>
<p><strong>CITY GOLD (per 10 grams, 22 carats) SILVER (per kg)</strong></p>
<p>NEW DELHI Rs 58,140- Rs 74,500</p>
<p>MUMBAI Rs 57,990- Rs 74,500</p>
<p>KOLKATA Rs 57,990- Rs 74,500</p>
<p>CHENNAI Rs 58,390- Rs 76,000</p>
<p>The valuations of gold and silver in India are contingent upon myriad factors, encompassing the rupee’s valuation against the dollar. Additionally, global demand assumes a pivotal role in delineating the trends observed in the valuation of precious metals.</p>
<p><strong>GOLD AND SILVER PRICES IN THE INTERNATIONAL MARKET</strong></p>
<p>Gold prices experienced a decrement on Thursday, influenced by a robust dollar and heightened bond yields, as aspirations for an imminent interest rate reduction from the U.S. Federal Reserve waned. Concurrently, palladium prolonged its decline due to a bleak long-term demand outlook, as reported by the news agency Reuters.</p>
<p>According to the latest metallurgical report, spot gold exhibited a 0.13 per cent decline, reaching $2,031.58 per ounce by 1842 GMT. Meanwhile, U.S. gold futures witnessed a 0.2 per cent reduction, settling at $2,047.9.</p>
<p>In the realm of other precious metals, spot silver witnessed a surge of 1.6 per cent, reaching $22.55 per ounce.</p>
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