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Gold and Silver are commodities. Commodities are distinct from stocks and bonds. Commodities consist of energy (Oil and Gas), metals (Gold and Silver), livestock and meat (Cattle) and Agricultural (Rice, Wheat, Sugar, etc.). Since the products are of a different type, commodities are not traded in the stock market. Commodities like Gold and Silver are traded in MCX.
MCX stands for Multi Commodity Exchange. It is an exchange for trading commodities. Along with Gold and Silver, other precious metals plus agricultural commodities like cotton and coffee, etc. can be purchased/sold at the MCX.
The price of Gold and Silver in India depends on a lot of international factors. The price of Gold and Silver is not calculated at the MCX. The MCX price is dependent on:
There is a standard formula for calculation of MCX Gold price.
There is a standard formula for calculation of MCX Silver price.
Now that you know how Gold and Silver rate is calculated in MCX, you can simply use the formula and find the latest value.