Today, February 13, 2024, sees a significant surge in the prices of gold and silver on the Multi

Today, February 13, 2024, sees a significant surge in the prices of gold and silver on the Multi

On Tuesday, February 13, 2024, both gold and silver prices surged on the Multi Commodity Exchange (MCX).

Gold futures, set to mature on April 5, 2024, reached Rs 62,090 per 10 grams on the MCX, marking a slight increase of Rs 12 or 0.02 per cent. This follows the previous close at Rs 62,078.

In the meantime, silver futures set to mature on March 5, 2024, experienced a rise of Rs 40, equivalent to 0.06 percent, reaching Rs 71,049 per kilogram on the MCX, compared to the preceding close at Rs 70,009.

Today, February 13, 2024, sees a significant surge in the prices of gold and silver on the Multi

GOLD, SILVER PRICES IN MAJOR CITIES

Gold and silver prices in India are influenced by various factors, such as the strength of the rupee against the dollar. Additionally, global demand significantly impacts the trends observed in the rates of these precious metals.

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INTERNATIONAL MARKET UPDATE: GOLD AND SILVER PRICES

On Monday, gold prices experienced a slight decline in anticipation of U.S. inflation data and statements from Federal Reserve officials, which could provide insights into the central bank’s interest rate strategies, as reported by Reuters.

As per the most recent metal report, spot gold saw a decrease of 0.2 percent, reaching $2,020.97 per ounce by 1847 GMT.

Meanwhile, U.S. gold futures witnessed a decrease of 0.3 percent, settling at $2,033.0 per ounce.

In the realm of other precious metals, spot silver displayed a 0.6 percent increase, reaching $22.73 per ounce.

Today, February 13, 2024, sees a significant surge in the prices of gold and silver on the Multi

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