The prices of both gold and silver saw a decrease on the Multi Commodity Exchange (MCX) on Thursday, April 25, 2024. Gold futures with a maturity date of June 5, 2024, were valued at Rs 70,757 per 10 grams on the MCX, representing a slight dip of Rs 251 or 0.35%. The previous closing price was recorded at Rs 71,050. Similarly, silver futures maturing on May 3, 2024, experienced a decline of Rs 293 or 0.36%, bringing the price down to Rs 81,941 per kg on the MCX, compared to the previous close of Rs 82,234.
The prices of gold and silver in India are influenced by a range of factors, including the value of the rupee relative to the dollar. Global demand also plays a significant role in determining the trends observed in the rate of precious metals.
