Yesterday, a significant drop was observed in the prices of gold and silver. Amidst this decline, various reports and global banks are predicting that gold prices could skyrocket by Diwali. Meanwhile, UBS has predicted a sharp surge in silver prices. Let us take a look at the current rates in global and domestic markets and see where gold is trading on the MCX.

What are the prices in the international market?
Gold and silver have regained their shine in the international market (Comex). According to Comex data—at the time of writing—gold prices rose by 0.46%, reaching $4,317.80 per ounce. Silver prices also climbed by 0.54%, trading at $64.345 per ounce.

Gold becomes costlier in the domestic market.
Gold and silver have also rebounded in the domestic bullion market. In the domestic market, gold prices rose to trade at approximately ₹1.51 lakh per 10 grams. Similarly, silver prices climbed to trade around ₹2.34 lakh per kilogram.

Where are prices trading on the MCX?
On the Multi Commodity Exchange (MCX), at the time of writing, gold for October delivery became dearer by ₹500, trading at ₹1,51,135 per 10 grams. Meanwhile, silver prices rose by ₹700, reaching ₹2,34,151 per kilogram.

Check the rates before buying. Gold and silver prices have risen; 24-carat gold is trading at around ₹1,51,850 per 10 grams, while 22-carat gold is hovering near ₹1,39,196 per 10 grams. Meanwhile, 18-carat gold is trending close to ₹1,13,888 per 10 grams. Silver prices in India were seen trading at approximately ₹2,34,100 per kilogram.

PC Social Media