New Delhi: On Tuesday, 6 October, both gold and silver softened, echoing a broader pull‑back in international and Indian bullion markets after a stretch of volatile trading sessions.
Global Benchmarks Ease
At the COMEX, spot gold closed near $4,153.80 per ounce, down about 0.07 %. Silver fell more sharply, slipping roughly 0.43 % to around $61.04 per ounce.
Indian Market Mirrors the Decline
Domestic traders observed a similar downward trend. Gold stayed close to the ₹1.49 lakh level for a 10‑gram bar, while silver was quoted near ₹2.25 lakh per kilogram.
On the Multi Commodity Exchange (MCX), December gold futures slipped by approximately ₹176, settling at ₹1,49,300 per 10 g. Silver futures dropped about ₹500, ending at ₹2,25,700 per kilogram.
Retail Gold Rates by City
Current 24‑carat gold prices across 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 22‑carat rates are:
- 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 Remains Under Pressure
Domestic silver quotations also eased. City‑wise indicative prices 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 shift throughout the trading day, the amount a retail buyer finally pays may differ from these indicative figures. Jewellery costs further depend on purity, making charges, taxes, and individual dealer margins.
Outlook
With both metals still prone to volatility, traders are watching global cues and domestic futures closely. The latest dip follows a series of sharp moves that have kept investors vigilant.
