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Dollar (United States)

Gold and Silver Rates Today: October 10 Prices Fall in India

Strategic Insights

— 2 min read

Gold rates in India on October 10 decreased due to the strong recovery of the US Dollar Index. The 24-carat gold rate was quoted for a price of Rs 74,920 per 10 grams, falling by 1.6% in the last week. The silver rate was Rs 88,920 per kilogram, an increase of Rs 270 from the previous day. The 24-carat gold rate per gram is Rs 7,492, while the rate of 22-carat gold was Rs 68,677 per 10 grams. Gold's upside is likely to be capped unless geopolitical tensions flare up further or the US yields dip significantly.

Key Takeaways:

  • The 24-carat gold rate in India was Rs 74,920 per 10 grams on October 10, down from Rs 75,100 per 10 grams on October 9.
  • The rate of 22-carat gold was Rs 68,677 per 10 grams on October 10, compared to Rs 69,130 per 10 grams on October 9.
  • The silver rate in Mumbai on October 10 was Rs 88,920 per kilogram, representing an increase of Rs 270 from Rs 88,650 per kilogram on October 9.
  • The gold rate in Delhi on October 10 was Rs 74,790 per 10 grams, marginally lower than Rs 74,970 per 10 grams on October 9.
  • The silver rate in Delhi on October 10 was Rs 88,770 per kilogram, up from Rs 88,490 per kilogram on October 9.
  • The gold rate in Kolkata on October 10 was Rs 74,820 per 10 grams, slightly lower than Rs 75,000 per 10 grams on October 9, and Rs 76,040 per 10 grams on October 10.
  • The silver rate in Kolkata on October 10 was Rs 88,800 per kilogram, up from Rs 88,530 per kilogram on October 9.
  • The gold rate in Chennai on October 10 was Rs 75,140 per 10 grams, up from Rs 75,310 per 10 grams on October 9.
  • The silver rate in Chennai on October 10 was Rs 89,180 per kilogram, up from Rs 88,900 per kilogram on October 9.
  • The MCX Futures gold contract for December 2024 expiry quoted Rs 74,967 per 10 grams.
  • The MCX Futures silver contract for December 2024 expiry traded at Rs 88,975 per kilogram.

Statistics:

  • The 24-carat gold rate in India on October 10 was Rs 74,920 per 10 grams.
  • The 22-carat gold rate in India on October 10 was Rs 68,677 per 10 grams.
  • The silver rate in Mumbai on October 10 was Rs 88,920 per kilogram.
  • The gold rate in Delhi on October 10 was Rs 74,790 per 10 grams.
  • The silver rate in Delhi on October 10 was Rs 88,770 per kilogram.
  • The gold rate in Kolkata on October 10 was Rs 74,820 per 10 grams.
  • The silver rate in Kolkata on October 10 was Rs 88,800 per kilogram.
  • The gold rate in Chennai on October 10 was Rs 75,140 per 10 grams.
  • The silver rate in Chennai on October 10 was Rs 89,180 per kilogram.
  • The gold MCX Futures contract for December 2024 expiry quoted Rs 74,967 per 10 grams.
  • The silver MCX Futures contract for December 2024 expiry traded at Rs 88,975 per kilogram.

Sources:

  • IE Online Media Services Pvt. Ltd., distributed by Contify.com

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