Silver Hits new record of 87,240 rupees on 16 May 2024 gold also hike on MCX know details

Silver At Record Hike: The rising trend of gold and silver prices continues in India. On Thursday, May 16, 2024, silver made a new record in the futures market. This morning silver crossed a record of Rs 87,217 per kg. There was also a huge increase in the prices of gold and it remains above Rs 73,200 per 10 grams.

Silver made a new record

On Thursday, there was a tremendous rise in the price of silver on MCX and its price reached a record level. At present, in the futures market, silver remains at Rs 87,220 per kg with an increase of Rs 355. On Wednesday, silver had closed at Rs 86,865.

Tremendous rise in gold prices

Along with silver, there is also a tremendous increase in the prices of gold in the domestic market. Gold remains at Rs 73,216 on MCX with an increase of Rs 114. On the last trading day, gold had closed at Rs 73,102 per 10 grams in the futures market.

Know the prices of gold and silver in major cities

  • In Delhi, 24 carat gold is being sold at Rs 74,130 per 10 grams and silver at Rs 89,100 per kg.
  • In Mumbai, 24 carat gold is being sold at Rs 74,020 per 10 grams and silver at Rs 89,100 per kg.
  • In Kolkata, 24 carat gold is being sold at Rs 74,020 per 10 grams and silver at Rs 89,100 per kg.
  • In Chennai, 24 carat gold is being sold at Rs 74,130 per 10 grams and silver at Rs 92,500 per kg.
  • In Noida, 24 carat gold is being sold at Rs 74,170 per 10 grams and silver at Rs 89,100 per kg.
  • In Lucknow, 24 carat gold is being sold at Rs 74,170 per 10 grams and silver at Rs 89,100 per kg.
  • Jaipur 24 carat gold is being sold at Rs 74,170 per 10 grams and silver at Rs 89,100 per kg.
  • In Patna, 24 carat gold is being sold at Rs 74,070 per 10 grams and silver at Rs 89,100 per kg.
  • In Pune, 24 carat gold is being sold at Rs 74,020 per 10 grams and silver at Rs 89,100 per kg.
  • In Gurugram, 24 carat gold is being sold at Rs 74,170 per 10 grams and silver at Rs 89,100 per kg.

What is the condition of gold and silver in international markets?

Like the domestic market, the price of gold is also increasing in the international market. There has been a decline in silver prices today. On Thursday, gold became costlier by $ 1.22 in Gold June Futures on COMEX and reached $ 2,392.94 an ounce. Whereas the May futures contract on COMEX became cheaper by $ 0.12 and came at $ 29.60.

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