Gold and Silver Prices Today, October 1: Check 24K, 22K Gold and 999 Silver Rates in Major Cities
Gold prices rise in early trading; 24K retail gold at ₹1,49,590 per 10 grams and silver at ₹2,25,920 per kg
The Impressive TimesNew Delhi, October 1: Gold and silver prices moved higher in India during early trading on Thursday, October 1, with precious metals gaining amid renewed uncertainty surrounding US-Iran relations.
On the domestic futures market, MCX Gold November 5 futures were trading at ₹1,48,288 per 10 grams, up nearly 0.24%, while MCX Silver December 4 contracts gained around 0.9% to ₹2,25,730 per kg at about 9:05 am.
According to data from the Indian Bullion Association (IBA), 24-carat gold was priced at ₹1,49,590 per 10 grams, while 22-carat gold stood at ₹1,37,124 per 10 grams.
Silver 999 Fine was priced at ₹2,25,920 per kg.
24K gold is considered the highest-purity form of gold commonly traded in the retail market, while 22K gold is widely used for jewellery because it is more durable.
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) | Silver 999 (₹/kg) |
|---|---|---|---|
| Mumbai | ₹1,49,320 | ₹1,36,877 | ₹2,25,510 |
| New Delhi | ₹1,49,060 | ₹1,36,638 | ₹2,25,120 |
| Bengaluru | ₹1,49,440 | ₹1,36,987 | ₹2,25,690 |
| Kolkata | ₹1,49,120 | — | — |
The rise in precious metal prices came amid reports of renewed tensions between the United States and Iran. The development followed indirect talks between the two countries, with reports indicating that negotiations had stalled.
US President Donald Trump said on Wednesday that Washington faced a choice between further military action against Iran and reaching an agreement with Tehran.
Meanwhile, reports said US Secretary of State Marco Rubio had asked Iranian Foreign Minister Abbas Araghchi and his delegation to leave New York after negotiations stalled.
Retail gold and silver prices can vary between jewellers and locations. Buyers should also note that the final price of jewellery may include making charges, taxes and GST, which can increase the amount payable compared with the quoted bullion rate.
Gold and silver rates can change throughout the trading session depending on domestic and international market movements.
No Comments: