Gold, silver price today, September 16, 2024: Precious metals record hike on MCX

Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Monday, September 16, 2024.
Gold futures, maturing on October 4, 2024, stood at Rs 73,670 per 10 grams on the MCX, after recording a jump of Rs 155 or 0.21 per cent. The previous close was recorded at Rs 73,515.
Meanwhile, silver futures, maturing on September 5, 2024, witnessed a marginal hike of Rs 972 or 1.09 per cent and were retailing at Rs 90,152 per kg on the MCX against the previous close of Rs 89,180.
GOLD, SILVER PRICES IN MAJOR CITIES
The gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.