New Delhi: On Tuesday, October 6, both gold and silver softened, echoing a broader pull‑back in international and Indian bullion markets after a series of choppy sessions.
Global Benchmarks Ease
On the COMEX, spot gold closed near $4,153.80 per ounce, down about 0.07%. Silver faced a sharper dip, sliding roughly 0.43% to around $61.04 per ounce.
Indian Market Mirrors the Decline
Domestic traders observed a similar downward drift as the market opened. Gold traded close to the ₹1.49 lakh level for a 10‑gram bar, while silver was quoted near ₹2.25 lakh per kilogram.
On the Multi Commodity Exchange (MCX), December gold futures slipped by approximately ₹176, settling at ₹1,49,300 per 10 g. Silver futures fell about ₹500, ending at ₹2,25,700 per kilogram.
City‑Wise Retail Gold Rates (24‑Carat)
Current 24‑carat gold prices across key metros are:
- Delhi: ₹1,48,320 per 10 g
- Mumbai: ₹1,48,620 per 10 g
- Patna: ₹1,49,540 per 10 g
- Jaipur: ₹1,48,340 per 10 g
- Kanpur: ₹1,48,517 per 10 g
- Lucknow: ₹1,49,470 per 10 g
- Bhopal: ₹1,48,880 per 10 g
Indicative rates for 22‑carat gold are:
- Delhi: ₹1,37,960 per 10 g
- Mumbai: ₹1,37,902 per 10 g
- Patna: ₹1,37,828 per 10 g
- Jaipur: ₹1,36,395 per 10 g
- Lucknow: ₹1,36,181 per 10 g
Silver Prices Remain Under Pressure
Domestic silver rates also slipped. Representative city‑wise quotations include:
- Delhi: ₹2,25,760 per kg
- Mumbai: ₹2,26,140 per kg
- Patna: ₹2,25,190 per kg
- Jaipur: ₹2,25,310 per kg
- Kanpur: ₹2,26,920 per kg
- Lucknow: ₹2,25,150 per kg
- Bhopal: ₹2,25,550 per kg
Because bullion prices fluctuate throughout the trading day, the final amount a retail buyer pays may differ from these indicative figures. Jewellery pricing also depends on purity, making charges, taxes and each dealer’s margin.
Outlook
With gold and silver still prone to volatility, market participants are watching global cues and domestic futures activity closely. This latest dip follows a string of sharp moves that have kept investors on edge.
