Gold and silver prices rise ahead of Diwali
Multi Commodity Exchange gold futures increased by 0.40 per cent during early trading on Monday.
Gold and silver prices recorded modest gains in the domestic market on Monday, according to a report by Hindustan Times. On the Multi Commodity Exchange (MCX), gold futures rose 0.40 per cent to ₹1,39,400 per 10 grams during early trading around 9:13 am.
Silver futures saw a higher increase of approximately 1.15 per cent, reaching ₹1,82,250 per kilogram. The price movement comes as investors consider the possibility of interest rates remaining elevated for an extended period.
In New Delhi, the 24-karat gold rate was ₹1,39,101 per 10 grams, while 22-karat gold was priced at ₹1,27,416 per 10 grams. The silver rate in the capital stood at ₹1,822 per 10 grams.
Other major cities also saw variations in rates. In Mumbai, 24-karat gold was ₹1,39,223 per 10 grams, while in Kolkata, the price for the same purity reached ₹1,40,210 per 10 grams.
In Bengaluru, 24-karat gold was priced at ₹1,39,050 per 10 grams. Meanwhile, in Chennai, the 24-karat rate was recorded at ₹1,40,295 per 10 grams and 22-karat gold at ₹1,28,510 per 10 grams.
