Gold, silver rate today, September 27: The gold MCX futures contracts with the expiry of October 2024 were quoted for Rs 75,408 per 10 gm, an increase of Rs 21.
Gold and silver rates today, September 27
China cutting the reserve rate by 50 bps will be a big trigger for the commodity market this morning. The 24-carat gold rate in India was quoted at Rs 75,660 per 10 grams on September 27. The rate for 24-carat gold per gram is Rs 7,566. The rate of 22-carat gold is Rs 69,355 per 10 grams.
On Thursday, silver prices in the key London spot market breached a 12-year high of $32.50 an ounce. A similar rally was seen in the domestic futures markets as well, with prices hovering above Rs 94000 a kg levels
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According to Hareesh V, Head of Commodities at Geojit Financial Services, escalating geopolitical tensions, a surprise US rate cut, lifetime peak gold prices, and the recent China economic stimulus measures bolstered the appeal of the commodity. A massive bombing campaign in southern Lebanon by Israel spreading war tensions in the Middle East and the issue of a nuclear warning to the West by Russia raised demand optimism for safe assets like gold and silver. A surprise US Fed’s rate cut and China’s economic stimulus measure are expected to prop up the industrial demand of the metal as well.
The rate of 24-carat gold has risen by 1.9% in the last week, and the yellow metal has risen by 3.1% in the last ten days. The silver currently quotes at Rs 92,470 per kilogram.
Gold rate in Mumbai on September 27
The 24-carat Gold was quoted for a price of Rs 75,660/10 grams in Mumbai on September 27, an uptick of Rs 130 from September 25. Yesterday, the price of gold was quoted at Rs 75,510/10 grams. Seven days back, on September 19, gold was trading for Rs 74,220/10 grams.
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Silver rate in Mumbai on September 27
The shining metal silver was selling for a rate of Rs 92,470/Kg on September 27 in Mumbai. A day ago, the metal was priced at Rs 91,880/Kg and a week ago the price was Rs 89,890/Kg.
Gold rate in Delhi on September 27
On September 27, the gold was quoted for a price of Rs 75,530/10 grams, a rise of Rs 150 from yesterday’s selling price. The gold was selling for Rs 75,380/10 grams on September 26. While the price of the 999 gold was Rs 74,090/10 grams a week ago.
Silver rate in Delhi on September 27
In Delhi, the silver was priced at Rs 92,310/Kg on September 27. The price of silver was Rs 91,720/Kg on September 26. The price of silver was quoted at Rs 89,730/Kg last week.
Gold rate in Kolkata on September 27
As less than two weeks are left for the Durga Puja, Gold and silver rates remain in focus in Kolkata. The 24-carat gold rate in Kolkata was trading for a price of Rs 75,560/10 grams, today, September 27. The glittering metal was selling for Rs 75,410/10 grams yesterday and was quoting for Rs 74,120/10 grams last week.
Silver rate in Kolkata on September 27
The silver rate in Kolkata today was Rs 92,350/Kg, an increase of Rs 590 against yesterday’s price. The price of silver was Rs 91,760/Kg on September 26. Last week, the price was trading at Rs 89,770/Kg.
Gold rate in Chennai on September 27
On September 27, the gold rate in Chennai was Rs 75,880/10 grams. There was a rise of Rs 150 compared to yesterday when it was quoted for Rs 75,730/10 grams. On September 27 or a week ago, the price of gold was Rs 74,440/10 grams in Chennai.
Silver rate in Chennai on September 27
The silver rate in Chennai today, September 27, is Rs 92,740/Kg an increase of Rs 590 from yesterday. On September 27, the price of silver was Rs 92,150/Kg. The silver in Chennai was available to the customers for a price of Rs 90,150/Kg a week ago.
MCX Futures on September 27
The gold MCX futures contracts with the expiry of October 2024 were quoted for Rs 75,408 per 10 gm, an increase of Rs 21. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 92,625 per kg, a fall of Rs 39.
