New Delhi: On Tuesday, 6 October, both gold and silver edged down, mirroring a broader retreat in worldwide and Indian bullion markets after a spell of heightened volatility.
Global Benchmarks Retreat
At the COMEX, spot gold closed near $4,153.80 per ounce, a modest fall of about 0.07%. Silver faced stronger pressure, slipping roughly 0.43% to around $61.04 per ounce.
Indian Market Follows Suit
Domestic traders observed a similar downward drift after the opening bell. The price of 10‑gram gold lingered close to the ₹1.49 lakh threshold, while silver was quoted near ₹2.25 lakh per kilogram.
On the Multi Commodity Exchange (MCX), December gold futures slipped by about ₹176, settling at ₹1,49,300 per 10 g. Silver futures fell close to ₹500, ending at ₹2,25,700 per kilogram.
Retail Gold Rates by City
Current 24‑carat gold quotations for the leading metros are:
- Delhi: ₹1,48,320 per 10 g
- Mumbai: ₹1,48,620 per 10 g
- Patna: ₹1,49,540 per 10 g
- Jaipur: ₹1,48,340 per 10 g
- Kanpur: ₹1,48,517 per 10 g
- Lucknow: ₹1,49,470 per 10 g
- Bhopal: ₹1,48,880 per 10 g
Indicative rates for 22‑carat gold were:
- Delhi: ₹1,37,960 per 10 g
- Mumbai: ₹1,37,902 per 10 g
- Patna: ₹1,37,828 per 10 g
- Jaipur: ₹1,36,395 per 10 g
- Lucknow: ₹1,36,181 per 10 g
Silver Continues to Face Pressure
Silver rates also softened across the country. Representative city‑wise quotations were:
- Delhi: ₹2,25,760 per kg
- Mumbai: ₹2,26,140 per kg
- Patna: ₹2,25,190 per kg
- Jaipur: ₹2,25,310 per kg
- Kanpur: ₹2,26,920 per kg
- Lucknow: ₹2,25,150 per kg
- Bhopal: ₹2,25,550 per kg
Because bullion prices fluctuate throughout the trading session, the final amount a retail buyer pays may differ from these indicative numbers. Jewellery pricing also depends on purity, making charges, taxes and each dealer’s margin.
Outlook
With both gold and silver still prone to swings, market participants remain vigilant, watching global cues and domestic futures activity. This latest correction follows a series of sharp moves that have kept investors on edge.
