Gold Price Today 5 July 2023: On Wednesday, the Multi Commodity Exchange (MCX) saw a decrease in silver rates while gold prices are trading higher. View the most recent city-specific costs here.
The Indian markets for precious metals displayed conflicting tendencies. On Wednesday, July 5, gold prices were on the rise at the Multi Commodity Exchange (MCX), but silver prices were down.
Gold futures with a maturity date of August 4, 2023, were trading at Rs 58,462 per 10 grams, up just Rs 51 or 0.09 percent. The previous close was 58,409 rupees.
During this time, silver futures with a delivery date of September 5, 2023, fell by Rs 62, or 0.09 percent, and were trading at Rs 70,499 per kg on the MCX, down from Rs 70,542 at the previous close.
During this period, the price of silver futures on the MCX declined by Rs 62, or 0.09 percent, to trade at Rs 70,499 per kg, down from Rs 70,542 at the previous close. The delivery date for these futures is September 5, 2023.
PRICES OF GOLD AND SILVER IN THE INTERNATIONAL MARKET
Wednesday saw little movement in gold prices as traders awaited the release of the latest minutes from the Federal Reserve’s monetary policy meeting later in the day. A stronger dollar also hurt prices.
The most recent metal report shows that around 0243 GMT, spot gold was little changed at $1,923.66 per ounce, while U.S. gold futures increased by 0.1% to $1,931.20.
Among other precious metals, spot silver remained constant at $22.9396 for an ounce.