Gold Futures Slip on the MCX
On Monday, 5 October, the Multi Commodity Exchange (MCX) recorded the October‑delivery gold contract sliding to around ₹1,49,347 per 10 g. The price fell by roughly ₹1,043 during the session, moving opposite to a modest rise in global gold prices and highlighting the split trajectory between Indian futures and the international market.
Silver Rockets Close to ₹700
Silver headed in the opposite direction, gaining about ₹697 to close near ₹2,26,393 per kilogram on the MCX. The rally outpaced gold locally and mirrored a stronger percentage gain on overseas exchanges.
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 intricate designs.
18‑carat (18K) gold
The 18K tier traded near ₹1,12,155 per 10 g, offering a more budget‑friendly alternative for everyday ornaments.
Silver Price Snapshot
In the local market, silver was trading at roughly ₹2,26,770 per kilogram. The metal’s momentum continued to outstrip gold during Monday’s trade.
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 surged approximately 1.46 %, reaching $61.30 per ounce.
Why Your Final Invoice May Vary
Precious‑metal rates can change multiple times within a single trading day. Additionally, the price you pay for jewellery often exceeds the quoted bullion rate due to making charges, taxes and design complexities. Always confirm the latest local rates and applicable fees before finalising a purchase.
