New Delhi: On Tuesday, October 6, both gold and silver nudged lower, mirroring a broader retreat in worldwide and Indian bullion markets after a spell of heightened volatility.
Global Benchmarks Retreat
On the COMEX, spot gold closed at roughly $4,153.80 per ounce, a modest decline of about 0.07%. Silver faced a sharper drop, slipping close to $61.04 per ounce, down approximately 0.43%.
Indian Market Follows Suit
Domestic traders observed a similar downward drift after the opening bell. The price of 10‑gram gold stayed near the ₹1.49 lakh threshold, while silver was quoted around ₹2.25 lakh per kilogram.
On the Multi Commodity Exchange (MCX), December gold futures eased by roughly ₹176, settling at ₹1,49,300 per 10 g. Silver futures fell by about ₹500, ending at ₹2,25,700 per kilogram.
Retail Gold Rates by City
Today's indicative 24‑carat gold prices in 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 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 Continues to Feel Pressure
Silver prices also softened across the country. Indicative city‑wise quotations were:
- 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 rates fluctuate throughout the trading session, the final amount a retail buyer pays can differ from these indicative numbers. Jewellery pricing further depends on purity, making charges, taxes and each dealer’s margin.
Outlook
With both gold and silver still prone to volatility, market participants remain vigilant, watching global cues and domestic futures activity. This latest dip adds to a series of sharp moves that have kept investors on edge.
