Gold and silver prices slipped significantly in early trade in the domestic futures market, breaking the last two sessions' uptick momentum. Gold futures contract, due to expire on December 4, declined 1,443 to a low of Rs 1,500,56 per 10 grams as compared to last closing of Rs 1,51,499. 

Similarly, Silver futures, December 4 expiry, fell Rs 1,429 to a low of Rs 2,24,326 per kilogram from last closing of Rs 2,25,755. Last seen, MCX Silver was quoted at Rs 2,24,684, down Rs 1,071 or 0.47 per cent. MCX Gold was trading at Rs 1,50,270, down Rs 1,229 or 0.81 per cent. 

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24k, 22k Gold Rate In India 

Yellow metal rates for all purity levels declined in the domestic retail market as well. According to bullion.co.in, the 24 karat gold rate in India on October 12 is Rs 1,50,550 per 10 grams, while the 22 karat gold rate today is Rs 1,38,004 per 10 grams. 

Gold Rate In Key Indian Cities

City

24K Gold Rate (10 Grams)

22K Gold Rate (10 Gram)

Delhi

Rs 1,49,890

Rs 1,37,399

Mumbai

Rs 1,50,150

Rs 1,37,638

Kolkata

Rs 1,49,950

Rs 1,37,454

Chennai

Rs 1,50,580

Rs 1,38,032

Bangalore

Rs 1,50,260

Rs 1,37,738

Hyderabad

Rs 1,50,420

Rs 1,37,885