New Delhi: On Tuesday, October 6, the prices of gold and silver eased lower, mirroring a broader correction in worldwide and Indian bullion markets after a stretch of volatility.
Global Benchmarks Retreat
On the COMEX, spot gold settled near $4,153.80 per ounce, slipping about 0.07%. Silver faced a sharper slide, falling roughly 0.43% to about $61.04 per ounce.
Indian Market Follows Suit
Domestic traders observed a similar downward drift after the opening bell. The price of 10‑gram gold stayed close to the ₹1.49 lakh mark, while silver was quoted near ₹2.25 lakh per kilogram.
On the Multi Commodity Exchange (MCX), December gold futures slipped by roughly ₹176, closing at ₹1,49,300 per 10 g. Silver futures dropped about ₹500, ending at ₹2,25,700 per kilogram.
City‑Wise Retail Gold Rates (24 ct)
Today's indicative rates for 24‑carat gold differ across the key metros:
- 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 Prices Remain Under Pressure
Silver rates 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 prices fluctuate throughout the trading session, the final amount a retail buyer pays can differ from these indicative figures. Jewellery costs also depend on purity, making charges, taxes and each dealer’s margin.
Outlook
With gold and silver still vulnerable to rapid swings, market participants remain vigilant, watching global cues and domestic futures activity. This latest dip follows a series of sharp moves that have kept investors on edge.
