Gold futures in India have seen a marginal rise today, with October delivery contracts on the Multi Commodity Exchange (MCX) trading 0.13% higher at ₹73,150 per 10 grams. This uptick follows firm spot demand and global influences that pushed gold prices upwards. The rise in futures trade reflects speculative positions being built up by traders in response to market cues.
Globally, gold prices rose by 0.09% to $2,600.90 per ounce, following steady demand in international markets. The trend in India aligns with the broader global movement, with traders closely watching the factors affecting gold prices such as inflation, currency values, and interest rates. In Delhi, the price of 24-carat gold is ₹73,430 per 10 grams, reflecting a slight dip from the previous day’s price of ₹73,510.
Silver Prices Surge in Indian Cities
Silver prices also witnessed significant changes across Indian cities. In Delhi, silver is priced at ₹94,000 per kilogram, marking a rise of ₹4,500 from the previous day’s price. Mumbai saw silver trading at ₹93,300 per kilogram, continuing the upward trend.
These fluctuations are influenced by multiple factors including global economic conditions, demand for precious metals, and the strength of the US dollar. As traders await further clarity on global monetary policy, both gold and silver prices are expected to remain volatile in the coming days.
Stay updated with ibizznews.com for more real-time updates on gold and silver prices across India.
