Precious metals showed mixed trends in the Indian markets today. Gold is trading on the higher side of the Multi Commodity Exchange (MCX) while silver prices have recorded a dip on Tuesday, September 5. Gold futures, maturing on October 5, 2023, stood at Rs 59,450 per 10 grams, after recording a marginal hike of Rs 20 or 0.03 per cent. The previous close was recorded at Rs 59,393. Meanwhile, silver futures, due on December 5, 2023, witnessed a downfall of Rs 385 or 0.52 per cent and were retailing at Rs 74,355 per kg on the MCX against the previous close of Rs 74,521. GOLD AND SILVER PRICES IN MAJOR CITIES The price of gold varies for different regions in the country based on certain parameters such as the excise duty, making charges and the state taxes. GOLD, SILVER PRICES IN INTERNATIONAL MARKET Gold prices edged lower on Tuesday as the dollar stood firm near recent highs, although trading was fairly muted with markets looking for more cues on the U.S. Federal Reserve's policy path after a widely expected interest rate pause this month, news agency Reuters reported. According to the latest metal report, spot gold was down 0.1 per cent at $1,936.89 per ounce by 0356 GMT. US gold futures fell 0.2 per cent to $1,962.70 after a US holiday on Monday. Gold, which yields no interest, tends to lose its attraction when interest rates rise. Among other precious metals, spot silver slipped 0.5 per cent to $23.86 per ounce.
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