Gold Futures Dip on MCX
On Monday, 5 October, the MCX October‑delivery gold contract fell to about ₹1,49,347 per 10 g, a drop of roughly ₹1,043 during the session. The decline came even as global gold prices showed a modest rise, highlighting the split between Indian futures and the world market.
Silver Gains Almost ₹700
Silver moved the opposite way, climbing ₹697 to close near ₹2,26,393 per kilogram on the exchange. Its rally outpaced the local gold movement and mirrored a larger percentage jump overseas.
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, reflecting its near‑100 % gold content.
22‑carat (22K) gold
Commonly used for jewellery, 22K gold was listed around ₹1,37,078 per 10 g. Its slightly lower gold ratio makes it a favourite for detailed designs.
18‑carat (18K) gold
The 18K tier fetched close to ₹1,12,155 per 10 g, offering a more budget‑friendly option for everyday pieces.
Silver Price Snapshot
In the domestic market, silver traded at roughly ₹2,26,770 per kilogram, continuing its momentum that outstripped gold on Monday.
International Benchmarks Remain Positive
Globally, both metals posted gains. On 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 shift several times within a trading day. Moreover, the price you pay for jewellery usually exceeds the spot bullion rate because of making charges, taxes and design work. Always check the latest local rates and applicable fees before finalising a purchase.
