Metals

Gold, silver price today, Jan 16, 2022: Precious metals record hike on MCX | Check latest rates

Gold Price Today 16 January 2023: Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Monday. Check the latest city-wise prices here.

India Today Web Desk

New Delhi,UPDATED: Jan 16, 2023 09:34 IST

Gold, silver price today, Jan 16, 2022: Precious metals record hike on MCX | Check latest rates

In Delhi, gold is retailing at Rs 52,160 per 10 grams on Monday. (Representational Image)

By India Today Web Desk: Both gold and silver are retailing on the higher side of the Multi Commodity Exchange (MCX). The precious metals recorded a jump on the MCX on Monday.

Gold futures, maturing on February 3, 2023, recorded a hike of Rs 212 and 0.38 per cent on the MCX. The rates are retailing at Rs 56,467 per 10 grams.

Meanwhile, silver futures maturing on March 3, 2023, recorded a jump of Rs 563 or 0.81 per cent, and were trading at Rs 69,500 per kg.

While gold was trading at Rs 56,324 per 10 grams on the MCX when the market closed on Friday, silver was at Rs 69,427 per kg.

GOLD, SILVER PRICES IN MAJOR CITIES

CITY GOLD (per 10 grams, 22 carats)

SILVER (per kg)

NEW DELHI Rs 52,160 Rs 72,750
MUMBAI Rs 52,010 Rs 72,750
KOLKATA Rs 52,010 Rs 72,750
HYDERABAD Rs 52,010 Rs 72,750
PUNE Rs 52,010 Rs 72,750
AHMEDABAD Rs 52,060 Rs 74,000
JAIPUR Rs 52,160 Rs 72,750
CHENNAI Rs 52,970 Rs 74,000

Notably, 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.

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