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New Delhi: Gold and silver prices witnessed a fresh rise amid continued volatility in the precious metals market. Both metals gained in international trading, while domestic futures prices also moved higher. According to the market figures available at the time of reporting, gold was trading at $4,199.50 per ounce on COMEX, while silver stood at $60.370 per ounce.
Gold and silver prices can fluctuate sharply depending on global market trends, investor demand and economic developments. Buyers should therefore verify the latest rates before making a purchase.
Gold and Silver Gain on the International Market
On the international commodity exchange COMEX, gold prices rose by 1.02% to $4,199.50 per ounce, according to the reported figures.
Silver recorded a stronger gain, rising 1.59% to trade at $60.370 per ounce.
Movements in the US dollar, interest-rate expectations, investor sentiment and global economic conditions can influence precious metal prices. However, a single session of gains does not guarantee that prices will continue to rise.
Domestic Gold and Silver Prices Move Higher
The domestic market also witnessed an increase in gold and silver prices. According to the available figures, gold was trading around ₹1.50 lakh per 10 grams after the market opened.
Silver prices also moved higher, reaching approximately ₹2.24 lakh per kilogram.
Actual retail prices may vary depending on the city, jewellery retailer, purity, making charges and applicable taxes. The prices quoted in market reports may also change during the trading session.
MCX Gold and Silver Rates Today
Gold and silver futures recorded gains on the Multi Commodity Exchange (MCX). The reported prices at the time of writing were:
- Gold: The December futures contract rose by ₹1,300 to ₹1,50,856 per 10 grams.
- Silver: The futures price increased by ₹2,727 to ₹2,23,960 per kilogram.
These are futures-market prices and may differ from the final retail rates charged by jewellery stores. Prices can change during market hours.
What Are the Prices of 24K, 22K and 18K Gold?
According to the figures provided in the market report, gold prices for different purity levels were as follows:
| Gold Purity | Reported Price per 10 Grams |
|---|---|
| 24-karat gold | ₹1,50,990 |
| 22-karat gold | ₹1,38,404 |
| 18-karat gold | ₹1,13,243 |
Buyers should verify these rates with a reliable market source or local jeweller before making a purchase. The final bill may be higher after GST, making charges and other applicable costs are added.
Silver Price Nears ₹2.24 Lakh per Kilogram
Silver was reported to be trading at approximately ₹2,24,180 per kilogram in the Indian market. On MCX, the reported silver futures price stood at ₹2,23,960 per kilogram.
The difference may reflect the type of price being quoted and the market in which the metal is traded. Buyers should confirm whether a quoted rate refers to the retail market or futures trading.
Things to Check Before Buying Gold or Silver
Before purchasing precious metals, keep these points in mind:
- Check the latest rate: Prices can change throughout the day. Confirm the applicable rate at the time of purchase.
- Verify gold purity: Check the hallmark and karat details when buying gold jewellery.
- Review the final bill: Ask for a clear breakdown of making charges, GST and other applicable costs.
- Understand the price difference: MCX futures prices may differ from retail jewellery rates.
- Consider market risk: A short-term rise does not guarantee further gains. Prices can move in either direction.
Conclusion: Gold and silver recorded gains in international trading and on MCX. The reported figures placed gold around ₹1.50 lakh per 10 grams and silver near ₹2.24 lakh per kilogram. These rates reflect the figures available at the time of reporting and should be verified before any purchase.
