New Delhi: On Tuesday, October 6, both gold and silver nudged lower, echoing a broader pull‑back in worldwide and Indian bullion markets after a string of choppy sessions.
Global Benchmarks Ease
On the COMEX, spot gold closed around $4,153.80 per ounce, a modest dip of about 0.07 %. Silver felt sharper pressure, sliding roughly 0.43 % to near $61.04 per ounce.
Indian Market Mirrors the Decline
Domestic traders observed the same downward drift after the opening bell. Gold lingered close to the ₹1.49 lakh mark for a 10‑gram piece, while silver was quoted near ₹2.25 lakh per kilogram.
On the Multi Commodity Exchange (MCX), December gold futures slipped by roughly ₹176, settling at ₹1,49,300 per 10 g. Silver futures fell about ₹500, closing at ₹2,25,700 per kilogram.
City‑Wise Retail Gold Rates (24 ct)
Today's indicative rates for 24‑carat gold across major 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 were:
- 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 softened. Indicative city‑wise quotations are:
- 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 can differ from these indicative figures. Jewellery costs further depend on purity, making charges, taxes and each seller’s margin.
Outlook
With both gold and silver still prone to volatility, market participants are watching global cues and domestic futures activity closely. This latest dip follows a series of sharp moves that have kept investors on their toes.
