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What are the spot gold prices today?
According to Good Returns, gold prices fell in the Delhi spot market at 10 am.
The price of 24-carat purity gold was at ₹1,53,040 per 10 grams, down by ₹710.
Gold Prices Fall, Silver Also Down, Check New Rates
Gold and silver prices fell on the last trading day of the week. Gold became cheaper in domestic spot, futures, and global markets.
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HIGHLIGHTS
- A decline was recorded in the domestic spot, futures, and global prices of gold.
- In Delhi, 24-carat gold fell by ₹710 to ₹1,53,040 per 10 grams.
- On MCX, gold was trading at ₹1,52,452 with a fall of ₹1014.
- Silver futures also broke by ₹2446 to ₹2,33,001 per kilogram.
New Delhi |On Friday, the last trading day of the week, gold prices are seeing a decline. From the domestic spot market to futures and the global market, gold is trading in the red everywhere. Silver prices have also registered a fall in the futures market.
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Similarly, the rate of 22-carat gold also came down by ₹650 to ₹1,40,300 per 10 grams.
Meanwhile, the price of 18-carat gold was recorded at ₹1,14,820 per 10 grams, with a fall of ₹530.
Silver prices stable
However, no change was seen in the price of silver in the Delhi spot market. The price of silver remained stable at ₹2,55,000 per kilogram.
Gold and silver also fall in the futures market
A softening trend is also visible in the domestic futures prices of gold today. On the Multi Commodity Exchange (MCX), the prices of both gold and silver have fallen.
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Gold price on MCX
At 10:15 am, gold for October 5 delivery on MCX was trading at ₹1,52,452 per 10 grams, down by 0.66 percent or ₹1014.
Silver price on MCX
During this time, the domestic futures price of silver was also seen trading at ₹2,33,001 per kilogram, with a significant fall of 1.04 percent or ₹2446.
Reason for the fall in gold prices
Increased tension in the Middle East is considered a reason behind this fall in prices.
US Treasury Secretary Scott Bessent has claimed that the US will impose economic sanctions against Iran that have never been seen before.
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In an interview, Bessent said, "It will be a method of economic isolation the likes of which the world has never seen before."
He also stated that there would be a continuous blockade in the Strait of Hormuz, preventing anything from going in or out of Iranian ports. These circumstances have impacted gold prices.
Gold rates in major cities of the country
Gold price in Chennai
- 24 Carat Gold: ₹1,53,170 per 10 grams
- 22 Carat Gold: ₹1,40,400 per 10 grams
- 18 Carat Gold: ₹1,18,200 per 10 grams
Gold price in Mumbai
- 24 Carat Gold: ₹1,52,890 per 10 grams
- 22 Carat Gold: ₹1,40,150 per 10 grams
- 18 Carat Gold: ₹1,14,670 per 10 grams
Gold price in Kolkata
- 24 Carat Gold: ₹1,52,890 per 10 grams
- 22 Carat Gold: ₹1,40,150 per 10 grams
- 18 Carat Gold: ₹1,14,670 per 10 grams
Gold price in Jaipur
- 24 Carat Gold: ₹1,53,040 per 10 grams
- 22 Carat Gold: ₹1,40,300 per 10 grams
- 18 Carat Gold: ₹1,14,820 per 10 grams
Gold situation in the global market
A downward trend is also seen in the global prices of gold today. On Comex, the futures price of gold fell by 0.92 percent or $40.70 to $4,379.70 per ounce.
Meanwhile, the price of Gold Spot was at $4,324.48 per ounce, down by 0.60 percent or $25.91.
Silver price in the international market
Like gold, the global prices of silver have also fallen. On Comex, the price of silver was trading at $64.10 per ounce, down by 1.37 percent or $0.89.
Similarly, the price of Silver Spot was at $63.92 per ounce, down by 0.87 percent or $0.56.
*Edit with Google AI Studio
