Gold, silver rate today, September 18: The gold MCX futures contracts with the October 2024 expiry were trading at Rs 73,150 per 10 gm.
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Gold and silver rates today, September 18
The 24-carat gold rate in India was Rs 73,334 per 10 grams on September 18. The rate for 24-carat gold per gram is Rs 7,334. The rate of 22-carat gold was Rs 67,228 per 10 grams.
The rate of 24-carat gold has risen by 2.21% in the last one week, and the yellow metal has risen by 2.23% in the last ten days. The silver is currently quoted at Rs 89,180 per kilogram.
Commenting on the gold outlook Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said that Gold traded weaker, pressured by a sharp rise in the rupee, causing MCX gold to drop below Rs 73,250, down by 0.35%. Meanwhile, Comex gold also saw a decline of 0.25%, falling to $2,573. Prices struggled to hold above Rs 73,500, with traders now focused on the major upcoming event, the Federal Reserve’s interest rate decision on Wednesday, 18th September 2024, late evening IST.
Trivedi also added that a retracement towards Rs 72,250 is likely, where strong support is expected. In Comex, gold is taking support around $2,540-$2,530. Given the potential for significant overnight gaps due to the Fed’s decision, traders should exercise strict risk management strategies.
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Gold rate in Mumbai on September 18
The glittering metal was quoted for a price of Rs 73,440/10 grams in Mumbai on September 18. On September 17, the price of gold was Rs 73,780//10 grams. Seven days back, on September 10, gold was trading for Rs 72,050/10 grams.
Silver rate in Mumbai on September 18
The shining metal silver was selling for a rate of Rs 89,180/Kg on September 17 in Mumbai. A day ago, the metal was priced at Rs 89,400/Kg and a week ago the price was Rs 89,450/Kg.
Gold rate in Kolkata on September 18
As less than one month is left for the Durga Puja, Gold and silver rates are in focus in Kolkata. In Kolkata, the 24-carat gold rate in Kolkata was trading for Rs 73,240/10 grams, today, September 18. The glittering metal was selling for Rs 73,580/10 grams yesterday and was quoting for Rs 71,950/10 grams last week.
Silver rate in Kolkata on September 18
The silver rate in Kolkata today was Rs 88,950/Kg. The price of silver was Rs 89,280/Kg on September 17. Last week, the price was trading at Rs 83,340/Kg.
Gold rate in Delhi on September 18
Diwali is just two months away and people in North India prefer shopping for jewellery and ornaments during winter festivities. On September 18, the gold was trading at a price of Rs 73,210/10 grams.
The gold was quoted at Rs 73,560/10 grams yesterday, September 17. While the price of the gold was selling for a price of Rs 71,920/10 grams a week ago.
Silver rate in Delhi on September 18
In Delhi, the silver was priced at Rs 88,920/Kg on September 18. The price of silver was Rs 89,260/Kg on September 17. The price of silver was quoted at Rs 83,310/Kg last week.
Gold rate in Chennai on September 18
The gold rate in Chennai was Rs 73,550/10 grams today, September 18. Yesterday on 17-09-2024 the gold rate was quoted at Rs 73,900/10 grams. On September 10 or a week ago, the price of gold was Rs 72,260/10 grams in Chennai.
Silver rate in Chennai on September 18
The silver rate in Chennai today, September 17, is Rs 89,330/Kg. On September 13, the price of silver at Rs 89,660/Kg, which was down Rs 300 from the previous day. The silver in Chennai was available to the customers for a price of Rs 83,690/Kg a week ago.
MCX Futures on September 18
The gold MCX futures contracts with the expiry of October 2024 were quoted for Rs 73,150 per 10 gm, an decrease of Rs 346. While the futures contracts for silver with the September 2024 expiry on MCX futures were trading at Rs 89,284 per kg, an decrease of Rs 325.
