New Delhi: On Tuesday, 6 October, both gold and silver edged lower, echoing a broader correction in worldwide and domestic bullion markets after a stretch of choppy trading.
Global Benchmarks Ease
On the COMEX, spot gold closed near $4,153.80 per ounce, down about 0.07%. Silver faced stronger pressure, slipping roughly 0.43% to around $61.04 per ounce.
Indian Market Mirrors the Trend
Domestic traders observed a similar drift after the opening bell. The 10‑gram gold price lingered 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 about ₹176, settling at ₹1,49,300 per 10 g. Silver futures fell roughly ₹500, ending at ₹2,25,700 per kilogram.
City‑Wise Retail Gold Rates (24‑Carat)
Today's 24‑carat gold quotations for major 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 Prices Remain Under Pressure
Silver quotations also softened across the country. City‑wise indicative rates included:
- 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 further depend on purity, making charges, taxes, and each dealer’s margin.
Outlook
With both gold and silver still prone to volatility, market participants are watching global cues and domestic futures closely. This modest dip follows a series of sharp moves that have kept investors on alert.
