- Gold and silver prices surged on Thursday.
- MCX gold futures reached Rs 1,50,308 per 10 grams.
- Silver futures soared to Rs 2,26,537 per kilogram.
The gold and silver prices inched higher on Thursday amid a sharp decline in crude prices. Gold futures, December 4 expiry, rose Rs 1,272 to an early high at Rs 1,50,308 per 10 grams as compared to last closing of Rs 1,49,036 on Multi Commodity Exchange (MCX). Silver Futures, December expiry, soared Rs 2,831 to a high of Rs 2,26537 per kilogram from last day's closing of Rs 2,23,706 on MCX.
Last seen, MCX Gold was trading at Rs 1,50,307, up Rs 1,271 or 0.85 per cent. MCX Silver was quoted at Rs 2,26,317, up Rs 2,611 or 1.17 per cent.
"MCX Gold opened on a steady note and is trading above Rs 149,500, up 0.33 per cent on the day, holding above the Rs 148,000 support level after testing Rs 149,396 intraday. Immediate resistance is placed at Rs 150,000–Rs 150,700, followed by Rs 152,000–Rs 152,600. Immediate support is at Rs 148,000–Rs 147,300, followed by Rs 146,000–Rs 145,300," said Ponmudi R, CEO Of Enrich Money.
24k, 22k Gold Rates On October 1
The yellow metal prices inched higher in the domestic retail market as well. The 24 karat gold rate today in India is Rs 1,50,500 per 10 grams, while the 22 karat gold rate today is Rs 1,37,958 per 10 grams--according to bullion.co.in Meanwhile 20 karat gold rate today is Rs 1,25,417, and the 18-karat gold rate in the domestic market on October 1 is Rs 1,12,875.
Gold Rates In Key Indian Cities
- Gold Rate Today In Delhi: 24k- Rs 1,50,140/10 Grams, 22k- Rs 1,37,628/10 Grams
- Gold Rate Today In Mumbai: 24k- Rs 1,50,400/10 Grams, 22k- Rs 1,37,867/10 Grams
- Gold Rate Today In Kolkata: 24k- Rs 1,50,210/10 Grams, 22k- Rs 1,37,693/10 Grams
- Gold Rate Today In Chennai: 24k- Rs 1,50,840/10 Grams, 22k- Rs 1,38,270/10 Grams
- Gold Rate Today In Bengaluru: 24k- Rs 1,50,530/10 Grams, 22k- Rs 1,37,986/10 Grams
- Gold Rate Today In Hyderabad: 24k- Rs 1,50,650/10 Grams, 22k- Rs 1,38,096/10 Grams