Gold, silver rate today, September 12: The gold MCX futures contracts with the expiry of October 2024 were quoting for Rs 71,949 per 10 gm, an increase of Rs 36.
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Gold and silver rates today, September 12
The 24-carat gold rate in India was Rs 72,200 per 10 grams on September 12. The rate for 24-carat gold per gram is Rs 7,210. The rate of 22-carat gold was Rs 66,092 per 10 grams.
The rate of 24-carat gold has risen by 0.93% in the last one week, and the yellow metal has risen by 0.49% in the last ten days. The silver is currently quoted at Rs 84,300 per kilogram.
Commenting on the gold outlook Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said that gold traded with gains of Rs 180 at Rs 72,070 in MCX and $5 higher at $2,520 in Comex, reflecting optimism ahead of the U.S. CPI data release. The market is anticipating softer inflation, leading to positive sentiment over the last few days.
Trivedi also added that key support remains at Rs 71,000 in MCX and $2,485 in Comex. If the CPI data comes in lower than expected, the uptrend may continue, pushing gold prices toward Rs 72,500. Conversely, a higher-than-expected CPI could trigger minor profit booking, bringing prices down toward Rs 71,250. The focus remains on the 18th September 2024 Federal Reserve meeting, where a potential interest rate cut cycle may commence.
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Gold rate in Kolkata on September 12
With just one month left for Durga Puja, Kolkata is gearing up for the festivities, and the focus is shifting towards gold and silver rates. As of today, September 11, the price of 24-carat gold in Kolkata stands at Rs 72,000 per 10 grams. Yesterday, the precious metal was trading at Rs 71,950 per 10 grams, while last week it was priced at Rs 71,480 per 10 grams.
Silver rate in Kolkata on September 12
The silver rate in Kolkata today was Rs 84,120/Kg. The price of silver was Rs 83,340/Kg on September 11. Last week, the price was trading at Rs 83,140/Kg.
Gold rate in Mumbai on September 12
In Mumbai, as the city celebrates its most anticipated festival, Ganesh Chaturthi, the price of gold was quoted at Rs 72,200 per 10 grams on September 12. A day earlier, on September 11, the precious metal was priced at Rs 72,050 per 10 grams. A week ago, gold was trading at Rs 72,060 per 10 grams.
Silver rate in Mumbai on September 12
The shining metal silver was selling for a rate of Rs 84,240/Kg on September 12 in Mumbai. A day ago, the metal was priced at Rs 83,450/Kg and a week ago the price was Rs 84,750/Kg.
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Gold rate in Delhi on September 12
Gold and silver prices will remain in the spotlight as the festive season approaches, with Indians traditionally favoring gold purchases during this time. In North India, gifting gold jewelry is particularly common during weddings. With Diwali just two months away, gold continues to draw attention. On September 12, gold was trading at Rs 71,980 per 10 grams, slightly up from Rs 71,920 per 10 grams yesterday, September 11. A week ago, the price stood at Rs 71,940 per 10 grams.
Silver rate in Delhi on September 12
In Delhi, the silver was priced at Rs 84,090/Kg on September 12. The price of silver was Rs 83,310/Kg on September 11. The price of silver was quoted at Rs 84,590/Kg last week.
Gold rate in Chennai on September 12
The gold rate in Chennai today, September 11, stood at Rs 72,310 per 10 grams, marking a Rs 50 increase from yesterday’s price of Rs 72,260 per 10 grams. A week ago, on September 5, the gold price in Chennai was higher at Rs 72,790 per 10 grams.
Silver rate in Chennai on September 12
The silver rate in Chennai today, September 12, is Rs 84,480/Kg. On September 10, the price of silver at Rs 83,690/Kg, which was up Rs 790 from the previous day. The silver in Chennai was available to the customers for a price of Rs 84,990/Kg a week ago.
MCX Futures on September 12
The gold MCX futures contracts with the expiry of October 2024 were quoting for Rs 71,949 per 10 gm, an increase of Rs 36. While the futures contracts for silver with the September 2024 expiry on MCX futures were trading at Rs 84,480 per kg, an increase of Rs 799.
