By Gold , Silver Price Today 2 February 2024: Gold is trading on the lower side of the Multi Commodity Exchange (MCX) while silver rates have recorded a hike on Friday. Check the latest city-wise prices here.
Precious metals have shown mixed trends in the Indian markets today. While gold is trading on the lower side of the Multi Commodity Exchange (MCX), silver rates have recorded a hike on Friday, Feb 2.
Gold futures, maturing on April 5, 2024, stood at Rs 62,924 per 10 grams on the MCX, after recording a marginal hike of Rs 41 or 0.07 per cent. The previous close was recorded at Rs 62,965.
Multi Commodity Exchange
On February 01, 2024, the futures for gold set to expire on April 05 were actively traded at Rs 62,465 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date were quoted at Rs 72,287.
The retail cost of gold in the country is the amount customers pay for it. This price is influenced by various factors, including the global gold price, the value of the Rupee, and the costs associated with labour and materials used in the production of gold jewellery.
Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.
