A record rise in the price of gold and silver on the MCX

On Monday, May 6, 2024, the prices of gold and silver increased on the Multi Commodity Exchange (MCX).When compared to the previous close of Rs 81,043, silver futures, which mature on July 5, 2024, saw a hike of Rs 739, or 0.91 percent, and were retailing at Rs 81,977 per kg on the MCX.International prices, which might fluctuate in any way, set the price of silver in India. Aside from that, it also depends on how the rupee values in relation to the US dollar. Silver will cost more if the rupee depreciates against the dollar and global prices stay steady. Visit https://www.goodreturns.in/silver-rates/ to learn more.