New Delhi: On Tuesday, October 6, the bullion market saw a modest pull‑back, as both gold and silver eased lower after a series of volatile sessions worldwide.
Global Benchmarks Ease
On the COMEX, spot gold closed at approximately $4,153.80 per ounce, slipping about 0.07%. Silver faced a sharper decline, dropping roughly 0.43% to around $61.04 per ounce.
Indian Market Mirrors the Decline
Domestic traders observed a similar downward drift after the opening bell. The 10‑gram gold price lingered near the ₹1.49 lakh mark, while silver was quoted close to ₹2.25 lakh per kilogram.
On the Multi Commodity Exchange (MCX), December gold futures slipped by roughly ₹176, settling at ₹1,49,300 per 10 g. Silver futures fell by about ₹500, ending at ₹2,25,700 per kilogram.
City‑Wise Retail Gold Rates (24 ct)
Today's indicative rates for 24‑carat gold vary across the country’s major 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
Domestic silver quotations also softened. Indicative city‑wise 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 may 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 prone to short‑term swings, market participants remain vigilant, watching global cues and domestic futures activity. This recent dip follows a string of sharp moves that have kept investors on high alert.
