Price of gold and silver Today , May 31, 2023: Precious metals record increase on MCX | View the most recent rates here
Gold Cost Today 31 May 2023: On Wednesday, the Multi Commodity Exchange (MCX) has gold and silver trading higher. Here are the most recent prices by city.
Ankush Pandey
Gold and silver costs have recorded a climb on the Multi-Item Trade (MCX) on Wednesday, May 31.
On the MCX, gold futures that expire on August 4, 2023, saw a rise of Rs 113, or 0.19%, to Rs 60,111 per 10 grams.
Essentially, silver prospects, developing on July 5, 2023, likewise saw a leap of Rs 405 or 0.57 percent and were exchanging at Rs 71,448 for each kg on the MCX.
The costs of gold and silver remained at Rs 59,998 for every 10 grams and Rs 71,043 for every kg separately when the market shut on May 30.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 56,000 | Rs 72,800 |
| MUMBAI | Rs 55,850 | Rs 76,800 |
| KOLKATA | Rs 55,850 | Rs 72,800 |
| CHENNAI | Rs 56,450 | Rs 76,800 |
The value of the rupee in comparison to the dollar is one of the many factors that affect the prices of gold and silver in India. Worldwide interest likewise assumes a key part in deciding the patterns seen in the pace of valuable metals.
GOLD, AND SILVER PRICES IN THE INTERNATIONAL MARKET
According to the news agency Reuters, progress in the U.S. debt ceiling deal and expectations that the Federal Reserve will likely raise interest rates further strengthened the dollar and eroded bullion's status as a safe haven. This caused gold prices to be set for a monthly decline on Wednesday.
As of 0456 GMT, spot gold was unchanged at $1,959.64 per ounce, according to the most recent metal report. This month, gold has lost 1.5%. At $1,959.30, U.S. gold futures were little changed.
In the meantime, spot silver decreased by 1% to $23.18 per ounce.
