Gold-Silver Rate Today: Prices drops; Know city-wise updated rates

The gold contract on MCX opened with a fall of Rs 86 at Rs 1,12,469 per 10 grams against the previous close of Rs 1,12,555.  

New Delhi: Gold and silver prices in India are showing relative stability today, despite strong global headwinds, while local demand ahead of the festive season keeps investor sentiment intact. The gold October 3 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 86 at Rs 1,12,469 per 10 grams against the previous close of Rs 1,12,555.

Prices weakened further in early trade, touching an intraday low of Rs 1,12,182, marking a fall of Rs 373. The contract later recovered some ground but was last seen trading at Rs 1,12,321 per 10 grams, still down by Rs 234 or 0.21%.

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What factors affect gold rates in India ?

In India the gold prices depends upon various factors such as International market rates, import duties, taxes, and fluctuations in exchange rates. Together, these factors determine the daily gold rates across the country.

Gold is considered deeply cultural and financial in our country. It is one of the most preferred investment options and is key to celebrations, particularly weddings and festivals.

Check Gold, Silver Prices In Major Cities

Consumers can check the gold, silver prices in some of the major cities given below-

Gold price in Delhi

The 24-carat gold price in Delhi stood at Rs 1,14,590 per 10 grams. While, for 22-carat gold, the consumer would have to spend Rs 1,05,050 per 10 grams.

Gold price in Mumbai

24-carat gold in Mumbai is available at Rs 1,14,440 per 10 grams, while 22-carat gold stood at Rs 1,04,900 per 10 grams.

Gold price in Kolkata

The 24-carat gold price in Kolkata today was Rs 1,14,440 per 10 grams, However, for 22-carat gold consumer must spend Rs 1,04,950 per 10 grams.

Gold price in Chennai

In Chennai, the 24-carat gold was available today for Rs 1,14,660 per 10 grams. For 22-carat gold, the rate was Rs 1,05,100 per 10 grams.

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Silver prices in Delhi

The price of precious metal stood in the national capital today satood at Rs 1,40,000 per kg .

Silver price in Mumbai

In Mumbai, the consumer would have to pay Rs 1,40,000 per kg today to buy the precious metal.

Silver price in Kolkata

In Kolkata, the price of 1 kg of silver stood at Rs 1,40,000.

Silver price in Chennai

In Chennai, the price of silver stood at Rs 1,50,000 per kg.