Gold Futures Slip on MCX
On Monday, October 5, the MCX October‑delivery gold contract fell to around ₹1,49,347 per 10 g, dropping roughly ₹1,043 during the session. This retreat came despite a modest rise in global gold prices, highlighting the divergence between Indian futures and the international market.
Silver Gains Almost ₹700
Silver moved in the opposite direction, climbing about ₹697 to close near ₹2,26,393 per kilogram on the MCX. The metal’s rally outpaced gold locally and mirrored a stronger percentage increase overseas.
Current Indian Gold Prices by Purity
24‑carat (24K) gold
The purest grade traded in India is quoted at approximately ₹1,49,540 per 10 g. Its near‑pure composition makes it the most expensive of the standard categories.
22‑carat (22K) gold
Commonly used for jewelry, 22K gold was listed at about ₹1,37,078 per 10 g. Its slightly lower gold content keeps it popular for intricate designs.
18‑carat (18K) gold
The 18K segment was priced near ₹1,12,155 per 10 g, offering a more budget‑friendly alternative for everyday pieces.
Silver Price Snapshot
In the Indian market, silver was trading at roughly ₹2,26,770 per kilogram. The metal continues to draw attention as its price outperformed gold in Monday’s session.
International Benchmarks Remain Positive
Globally, both metals posted gains. On the COMEX, gold edged up about 0.06 % to $4,164.80 per ounce, while silver jumped roughly 1.46 %, reaching $61.30 per ounce.
Why Your Final Invoice May Vary
Precious‑metal rates can shift multiple times throughout a trading day. Moreover, the cost you pay for jewelry usually exceeds the quoted bullion price due to making charges, taxes, and design complexity. Always confirm the latest local rates and applicable fees before finalising a purchase.
