New Delhi: Today, on 27 December, the futures market price of gold and silver is witnessing a rise. Gold became costlier by about Rs 73 and opened at Rs 76928 per 10 grams and silver rose by Rs 354 and is being sold at Rs 89815 per kilogram.

Latest status of Gold Silver on MCX
 

Today, the gold futures delivery of 5 February opened at Rs 76928 per 10 grams and by 9:40 am, orders of gold worth Rs 17536 lakh have been booked. Also, the gold futures delivery of 4 April opened at Rs 77581 per 10 grams and by the time of writing the news, 1976 lots of gold had been traded, which is worth Rs 1474 lakh.

In the multi commodity market, the silver of March 5 rose by Rs 364 and opened at Rs 89815 per kg and is trading at 90000 and the silver of May 5 rose by Rs 402 and opened at Rs 91577 per kg and is trading at 91721.

Gold was closed at this rate

Earlier, on December 26, in the last trading session on MCX, gold for February 5 delivery closed at Rs 76827 per 10 grams, while gold for April 5 futures delivery closed at Rs 77487 per 10 grams.

In the last trading session, silver futures for March 5, 2025 closed at Rs 89636 per kg. Also, silver futures for May 5, 2025 closed at Rs 91319 per kg.

Gold prices in major cities of India
 

How is the price of gold and silver decided

The prices of gold and silver are determined by local demand, US economic situation, Federal Reserve interest rates and the impact of international markets. All these factors affect the prices of gold and silver, due to which there is a possibility of an increase in their prices in the coming time.