Gold and silver prices witnessed an uptick in the domestic futures market, recovering from the losing momentum of past sessions. The gold futures contract, due to expire on October 5, rose over Rs 1,300 to a high of Rs 1,54,125 per 10 grams as compared to the last closing of Rs 1,52,818 on the Multi Commodity Exchange (MCX).
Similarly, Silver futures, December 4 delivery, escalated over Rs 2,700 to a high of Rs 2,41,724 per kilogram from last day's closing of Rs 2,39,016 on MCX. The uptick in the yellow and white metal prices was seen due to value buying on recent dips
However, the precious metal erased most of its early gains amid profit booking. Last seen, MCX Silver was quoted at Rs 2,39,246, up Rs 230 or 0.1 per cent. MCX Gold was trading at Rs 1,53,261, up Rs 443 or 0.29 per cent.
24k, 22k Gold Rate In India
The yellow metal prices for all purity levels increased in the domestic retail market as well. According to bullion.co.in, the 24 karat gold rate in India on September 8 is Rs 1,53,510 per 10 grams, while the 22 karat gold rate today is Rs 1,40,718 per 10 grams.
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Gold Rate Today In Kolkata, Mumbai And Other Key Cities
City | 24k Gold Rate (per 10g) | 22k Gold Rate (per 10g) |
|---|---|---|
Delhi | Rs 1,52,870 | Rs 1,40,131 |
Mumbai | Rs 1,53,130 | Rs 1,40,369 |
Kolkata | Rs 1,52,930 | Rs 1,40,186 |
Chennai | Rs 1,53,580 | Rs 1,40,782 |
Bangalore | Rs 1,53,250 | Rs 1,40,479 |
Delhi | Rs 1,53,380 | Rs 1,40,598 |
Gold Rate in the International Market
In contrast to the domestic futures market, gold prices fell in the international futures market. Last seen, COMEX Gold was trading at $4,448.5, down $28.10 or 0.63 per cent. However, Silver was trading higher. COMEX Silver was quoted at $66.75.