Gold-Silver Rate: On July 3, 2023, a big update has come on the price of gold and silver in the morning. The price of both has come down on MCX.
On MCX, gold futures to be delivered on August 4, 2023, became cheaper by 0.17 per cent and was trading at Rs 58110 per 10 grams.
Talking about silver, during the same period, the futures price of silver to be delivered on September 5 was at Rs 70025 per kg with a slight decline of 0.01 per cent.
Gold prices declined in the Asian market on Monday morning. Due to the strong US dollar and the possibility of further hike in interest rates by the Federal Reserve, the price has been affected.
Spot gold fell 0.2% to $1,915.29 an ounce, while US gold futures fell 0.3% to $1,923.10. Spot silver was priced at $22.75 an ounce.
