MCX Gold Futures Retreat
On Monday, 5 October, the October‑delivery contract on the Multi Commodity Exchange slipped to roughly ₹1,49,347 per 10 g, a decline of about ₹1,043 within the session. The pull‑back ran counter to a modest rise in global gold prices, highlighting the split between Indian futures and the world market.
Silver Rockets Nearly ₹700
Silver moved in the opposite direction, gaining ₹697 to close near ₹2,26,393 per kilogram on the MCX. The metal’s jump outpaced gold locally and echoed a stronger percentage gain overseas.
Current Indian Gold Prices by Purity
24‑carat (24K) gold
The purest grade traded in India stands at about ₹1,49,540 per 10 g. Its near‑pure composition commands the highest price among the standard karat levels.
22‑carat (22K) gold
Favoured for jewellery, 22K gold was quoted at roughly ₹1,37,078 per 10 g. The slightly lower gold content makes it a go‑to for intricate designs.
18‑carat (18K) gold
The 18K tier was priced near ₹1,12,155 per 10 g, offering a more budget‑friendly alternative for everyday pieces.
Silver Price Snapshot
In the domestic market, silver was trading around ₹2,26,770 per kilogram. Its momentum continued to outstrip gold during Monday’s trading.
Global Benchmarks Remain Positive
On the COMEX, gold inched up about 0.06 % to $4,164.80 per ounce, while silver jumped roughly 1.46 %, reaching $61.30 per ounce.
Why Your Final Bill Might Vary
Precious‑metal rates can swing multiple times a day. Moreover, the price you pay for jewellery often exceeds the quoted bullion figure because of making charges, taxes and design work. Always confirm the latest local rates and applicable fees before finalising a purchase.
