Both gold and silver prices have recorded a hike on the Multi
Commodity Exchange (MCX) on Monday, June 26.
Gold futures, maturing on August 4, 2023, stood at Rs 58,481 per 10 grams on the MCX, after
recording a marginal hike of Rs 174 or 0.30 percent.
Similarly, silver futures, maturing on July 5, 2023, also witnessed a jump of Rs 895 or 1.30
percent and were trading at Rs 69,999 per kg on the MCX

The prices of gold and silver stood at Rs 58,307 per 10 grams and Rs 68,083 per kg respectively when the market closed on June 23.

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

Gold prices edged higher on a weaker dollar, although bullion hovered close to three-month lows as traders assessed prospects that more interest rate hikes by the U.S. Federal Reserve were in the offing, reported news agency Reuters.

According to the latest metal report, spot gold XAU= rose 0.2% to $1,925.78 per ounce by 0341 GMT. U.S. gold futures were up 0.3% at $1,935.50.

Among other precious metals, Spot silver XAG= rose 1.4% to $22.74 per ounce.