Bullion market declined in early trade on Tuesday amid persistent geopolitical concerns. Gold futures, December expiry, fell Rs 492 to an early low of Rs 1,42,581 per 10 grams as compared to the last close of Rs 1,43,073 on Multi Commodity Exchange (MCX).
Similarly, the Silver futures contract, December 4 expiry, plunged by Rs 2,238 to a low of Rs 1,95,793 per kilogram from the previous close of Rs 1,95,793.
"MCX gold opened with a gap-down near Rs 142,580 and is trading around Rs 142,900, down 0.12 per cent, recovering most of its opening losses but remaining just below the Rs 143,000 mark," said Ponmudi R, CEO of Enrich Money.
24k, 22k Gold Rates In India
Gold and silver rates fell in the domestic retail market as well, aligning with trends in the futures market. According to the latest data on bullion.co.in, the 24 karat gold rate today is Rs 1,43,170 per 10 grams, while the 22 karat gold rate today is Rs 1,31,239 per 10 grams.
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Meanwhile, the 20 karat gold rate in India today is Rs 1,19,308 per 10 grams, and the 18 karat gold rate is Rs 1,07,378 per 10 grams.
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Gold Rates In Hyderabad, Chennai And Other Cities
City | 24k Rate (per 10 Grams) | 22k Rate (per 10 Grams) |
|---|---|---|
Delhi | Rs 1,42,630 | Rs 1,30,744 |
Mumbai | Rs 1,42,880 | Rs 1,30,973 |
Kolkata | Rs 1,42,690 | Rs 1,30,799 |
Chennai | Rs 1,43,290 | Rs 1,31,349 |
Bangalore | Rs 1,42,960 | Rs 1,31,047 |
Hyderabad | Rs 1,43,070 | Rs 1,31,148 |