Gold and Silver Prices Today: On Monday, March 18, 2024, the prices of gold and silver on the Multi Commodity Exchange (MCX) went down.
The price of gold futures on the MCX that expires on April 5, 2024, went down by a small amount, or 0.43%. The loss was Rs 283. The total amount paid was Rs 65,542.
Up until May 3, 2024, the value of silver futures went down by Rs 387, which is equal to 0.51%. As of right now, their price on the MCX is Rs 75,419 per kilogram, which is less than the last close of Rs 75,650.
Check Out: Gold and Silver Prices Today On March 17, 2024: Check Prices In Your Cities
Gold and Silver Prices Today On March 18, 2024: Check Prices In Your Cities
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 60,730 | Rs 77,200 |
| MUMBAI | Rs 60,580 | Rs 77,200 |
| KOLKATA | Rs 60,580 | Rs 77,200 |
| CHENNAI | Rs 61,140 | Rs 80,200 |
In addition to what people buy, many other factors determine prices. The global price, the exchange rate between USD and INR, the quantity of gold or silver shown (from troy ounces to grams), and supply and demand all have an impact on the prices of gold and silver on MCX Trading.
The IBA looks at the market, futures contracts, supply and demand, and futures contracts to figure out the exact price of gold.
It is very important in India to have gold because it has cultural meaning, is a good investment, and is traditionally used in weddings and events.
Early in the Asian trading day on Monday, gold had a hard time getting going because the dollar stayed strong and investors were getting ready for a week full of important talks with central banks, including the US Federal Reserve.
