MCX Gold Futures Retreat
On Monday, 5 October, the October‑delivery gold contract on the Multi Commodity Exchange slipped to about ₹1,49,347 per 10 g, trimming roughly ₹1,043 in a single session. The dip ran counter to a modest rise in international gold prices, highlighting the split behaviour between Indian futures and global spot markets.
Silver Rockets Almost ₹700
Silver moved in the opposite direction, climbing close to ₹697 to close near ₹2,26,393 per kilogram on the MCX. The rally outpaced the local gold slide and echoed a stronger percentage gain overseas.
Live Indian Gold Rates by Purity
24‑carat (24K) gold
The purest grade tradable in India is quoted around ₹1,49,540 per 10 g. Its near‑pure composition commands the highest price among standard bullion grades.
22‑carat (22K) gold
Favoured for traditional jewellery, 22K gold fetched roughly ₹1,37,078 per 10 g. The slightly lower gold content makes it a go‑to choice 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 ornaments.
Silver Price Snapshot
In the domestic market, silver hovered around ₹2,26,770 per kilogram. Its momentum outstripped gold during Monday’s trading, keeping the metal in the spotlight.
Global Benchmarks Remain Bullish
Across the world, both metals posted gains. On the COMEX, gold nudged up about 0.06 % to $4,164.80 per ounce, while silver surged roughly 1.46 %, reaching $61.30 per ounce.
Why Your Final Invoice Might Vary
Precious‑metal rates can swing several times within a trading day. Moreover, the price you pay for jewellery usually exceeds the quoted bullion rate because of making charges, taxes and design intricacies. Always confirm the latest local rates and applicable fees before finalising a purchase.
