<p>Both the prices of gold and silver experienced an ascent on the Multi Commodity Exchange (MCX) on Tuesday, March 19, 2024.</p>
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<p>Gold futures, set to mature on April 5, 2024, were positioned at Rs 65,657 per 10 grams on the MCX, following a marginal increase of Rs 49 or 0.07 percent. The preceding closure was noted at Rs. 65,608.</p>
<p>Meanwhile, silver futures, slated to mature on May 3, 2024, observed an escalation of Rs 104 or 0.14 percent and were trading at Rs 75,600 per kilogram on the MCX compared to the previous figure of Rs 75,496.</p>
<p><strong>GOLD AND SILVER PRICES IN MAJOR URBAN CENTERS</strong></p>
<p><strong>CITY GOLD (per 10 grams, 22 carats) SILVER (per kilogram)</strong></p>
<p>NEW DELHI Rs 60,950 Rs 77,300</p>
<p>MUMBAI Rs 60,800 Rs 77,300</p>
<p>KOLKATA Rs 60,800 Rs 77,300</p>
<p>CHENNAI Rs 61,350 Rs 80,300</p>
<p>The gold and silver valuations in India are contingent upon various factors, including the rupee’s standing against the dollar. Additionally, global demand significantly influences the trends witnessed in the rates of precious metals.</p>
<p><strong>GOLD AND SILVER PRICES ON THE INTERNATIONAL MARKET</strong></p>
<p>Gold remained stable on Tuesday as investors adopted a cautious stance ahead of the U.S. Federal Reserve policy meeting scheduled for this week, which could provide further insights into the prospective timing of interest rate adjustments this year, as reported by Reuters news agency.</p>
<p>As per the latest metal report, spot gold was positioned at $2,160.79 per ounce. U.S. gold futures remained unchanged at $2,164.10.</p>
<p>In the realm of other precious metals, silver experienced a 0.3 percent increase, reaching $25.10 per ounce.</p>
Today, March 19, 2024, saw a record increase in the price of gold and silver on the MCX
