Gold Futures Retreat on MCX
On Monday, 5 October, the Multi Commodity Exchange (MCX) recorded the October‑delivery gold contract slipping to around ₹1,49,347 per 10 g, a fall of roughly ₹1,043 during the session. The decline came even as global gold prices posted a modest rise, highlighting the split between domestic futures and overseas trends.
Silver Gains Almost ₹700
Silver moved in the opposite direction, adding about ₹697 to close near ₹2,26,393 per kilogram on the MCX. The metal’s jump outpaced gold locally and mirrored a stronger percentage increase on the world stage.
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 commands the highest price among the standard categories.
22‑carat (22K) gold
Commonly used for jewellery, 22K gold was listed at about ₹1,37,078 per 10 g. Its slightly lower gold content makes it a favourite for detailed 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 domestic market, silver traded at roughly ₹2,26,770 per kilogram. The metal continues to attract interest, having outperformed gold in Monday’s session.
International Benchmarks Remain Bullish
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 Bill May Vary
Precious‑metal rates can swing multiple times within a trading day. Moreover, the price you pay for jewellery often exceeds the quoted bullion rate because of making charges, taxes and design complexity. Always confirm the latest local rates and applicable fees before finalising a purchase.
