Gold Rates Today: Yellow Metal Jumps Over Rs 1,800; Check City-Wise 24k, 22k Prices

Gold and silver prices took a significant uptick on Thursday, October 15, in the futures market amid fresh demand in the spot market. Gold rose over 1,800 to an early high of Rs 1,47,650 per 10 grams, while silver jumped over Rs 1,600 to a high of Rs 2,09,950 per kilogram on Multi Commodity Exchange (MCX). 

MCX Gold Rate Today

Gold futures for December 4 delivery rose Rs 1,802 to an early high of Rs 1,47,650 per 10 grams amid buying interest. Last seen, the MCX gold was trading at Rs 1,47,218 per 10 grams, up Rs 1,370 or 0.94 per cent from the last closing of Rs 1,45,848. The demand was firm, as there were 191 bids for a total ask quantity of 278. 

“MCX Gold prices rebounded as crude oil halted a five-day rally, easing market pressure. Simultaneously, the US dollar index fell to 102 from 18-month highs, and 10-year Treasury yields dropped to a three-week low. Investors weighed Fed policy following hot inflation data, with Fed officials signalling potential future rate increases while favouring holding rates steady at this month's meeting,” says Pinky Yadav, Commodity Fundamental Analyst at Choice Broking. 

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MCX Silver 

Silver futures, due to expire on December 4, rose over 1,600 to a high of Rs 2,09,950 per kilogram from last closing of Rs 2,08,338. Last seen, MCX Silver was quoted at Rs 2,09,454 per kilogram, up Rs 1,116 or 0.54 per cent.  

“MCX Silver opened at Rs 209,028 and is trading near Rs 209,695, up 0.65 per cent on the day. Prices are holding above the Rs 207,000–208,000 support zone following Wednesday’s decline of roughly 5%, although silver continues to lag gold. Immediate resistance is at Rs 214,000–215,000, followed by Rs 219,000–220,000. On the downside, immediate support is at ₹207,000–208,000, followed by Rs 200,000–202,000,” said Ponmudi R, CEO of Enrich Money. 

24k, 22k Gold Rates In Key Indian Cities

Gold rates for all purity levels escalated in the retail market as well as in the futures market. According to data on bullion.co.in, the 24 karat gold rate today in India is Rs 1,47,640 per 10 grams. The 22 karat gold rate is Rs 1,35,337 per 10 grams. 20 and 18 karat gold rates today are Rs 1,23,033 and Rs 1,10,730 per 10 grams, respectively.  

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