Gold, silver rate today, September 10: The gold MCX futures contracts with the October 2024 expiry were trading at Rs 71,583 per 10 gm.
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Gold and silver rates today, September 10
The 24 carat gold rate in India was Rs 71,720 per 10 grams on September 10. The rate for 24 carat gold per gram is Rs 7,142. The rate of 22 carat gold was Rs 65,743 per 10 grams.
The rate of 24 carat gold was down by 0.07% in the last one week, and the yellow metal has fallen by 0.37% in the last ten days. The silver is currently quoted at Rs 833.3 per 10 grams.
The sudden price decline could lead to some inventory loss on existing stock, though its impact would be partially mitigated as improved demand limits spending on marketing and promotional campaigns. Operating profitability will moderate by 40-60 basis points (bps) to 7.1-7.2%.
Gold rate in Delhi, September 10
The gold rate in Delhi was Rs 71,600/10 grams on September 10. On September 9, the gold was quoted for Rs 71,460/10 grams, and last week, on September 3, the price was Rs 71,370/10 grams.
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Silver rate in Delhi
The silver rate in Delhi was Rs 83,180/Kg on September 10. On September 9, the price of silver was quoted at Rs 84,460/Kg, and last week, on September 3, the price was Rs 82,810/Kg.
Gold rate in Mumbai, September 10
The gold in Mumbai was quoted at a price of Rs 71,720/10 grams on September 9. On September 6, the price of gold was Rs 71,690/10 grams, and last week, on September 3, the price was Rs 71,490/10 grams.
A CRISIL Ratings analysis of 58 gold jewellery retailers, representing one-third of the revenue in the organised jewellery sector, has revealed key insights. The organised sector itself accounts for just over a third of the overall market, while the highly fragmented unorganised sector makes up the remainder.
Silver rate in Mumbai
The silver rate in Mumbai was Rs 83,330/Kg on September 10. On September 9, silver was trading for Rs 82,600/Kg, and on September 3, a week ago, the price was Rs 82,960/Kg.
Gold rate in Kolkata, September 10
The 24 carat gold rate in Kolkata today, September 9, is Rs 71,630/10 grams. On 09-09-2024, the gold was trading at Rs 71,500/10 grams, and the price a week ago was Rs 71,390/10 grams.
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Silver rate in Kolkata
The silver rate in Kolkata today, September 10, is Rs 83,220/Kg. On 09-09-2024, the price of silver was Rs 82,500/Kg, and last week, the price on 03-09-2024 was Rs 82,850/Kg.
Gold rate in Chennai, September 10
The gold rate in Chennai was Rs 71,930/10 grams on September 10. On September 9, the price of gold was Rs 71,800/10 grams, and last week, on September 3, the price was Rs 71,700/10 grams.
Silver rate in Chennai
The silver rate in Chennai today, September 10, is Rs 83,570/Kg. On 09-09-2024, the price of silver was Rs 82,8500/Kg, and last week, the price on 03-09-2024 was Rs 83,200/Kg.
MCX Futures
The gold MCX futures contracts with the October 2024 expiry were trading at Rs 71,583 per 10 gm, up by Rs 157. While, the futures contracts for silver with the September 2024 expiry on MCX futures were trading at Rs 83,580 per kg, up by Rs 823.
“The sudden price decline could lead to some inventory loss on existing stock, though its impact would be partially mitigated as improved demand limits spending on marketing and promotional campaigns. Operating profitability will moderate by 40-60 basis points (bps) to 7.1-7.2%, said Crisil report.
