Gold, silver rate today, October 14: The gold MCX futures contracts with the October 2024 expiry were trading at Rs 76,325 per 10 gm.
Gold and silver rates today, October 14
The 24-carat gold rate in India was Rs 76,629 per 10 grams on October 4. The rate for 24-carat gold per gram is Rs 7,629. The rate of 22-carat gold was Rs 69,933 per 10 grams.
The rate of 24-carat gold has jumped by 0.84% in the last one week, and the yellow metal has risen by 0.68% in the last ten days. The silver is currently quoted at Rs 91,810 per kilogram.
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Experts on Gold Outlook
Commenting on the gold outlook Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said that Gold prices remained elevated, trading above $2,635 in Comex and rising by over Rs 400 to Rs 75,750 in MCX. The key drivers for the ongoing positive trend include U.S. data that supports the continuation of interest rate cuts, particularly due to high jobless claims and elevated crude oil prices, which indicate persistent inflationary pressures.
Trivedi also added that Gold support is seen around Rs 75,000-Rs 75,200, with resistance around Rs 76,250-Rs 76,500. The outlook for gold remains supportive, as long as prices hold above $2,580 in Comex.
Gold rate in Mumbai on October 14
The glittering metal was quoted for a price of Rs 76,390/10 grams in Mumbai on October 14. On October 11, the price of gold was Rs 75,250/10 grams. Seven days back, on September 26, gold was trading for Rs 75,990/10 grams.
Silver rate in Mumbai on October 14
The shining metal silver was selling for a rate of Rs 91,810/Kg on October 14 in Mumbai. Whereas on October 11, the metal was priced at Rs 90,230/Kg and a week ago the price was Rs 92,320/Kg.
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Gold rate in Kolkata on October 14
In Kolkata, the 24-carat gold rate in Kolkata was trading for Rs 76,190/10 grams, today, October 14. The glittering metal was selling for Rs 75,150/10 grams on October 11 and was quoting for Rs 75,890/10 grams last week.
Silver rate in Kolkata on October 14
The silver rate in Kolkata today was Rs 91,560/Kg. The price of silver was Rs 90,110/Kg on October 11. Last week, the price was trading at Rs 92,200/Kg.
Gold rate in Delhi on October 14
Diwali is just 2 weeks away and people in North India prefer shopping for jewellery and ornaments during winter festivities. On October 14, the gold was trading at a price of Rs 76,160/10 grams.
The gold was quoted at Rs 75,120/10 grams on Friday, October 11. While the price of the 999 gold was selling for a price of Rs 75,860/10 grams a week ago.
Silver rate in Delhi on October 14
In Delhi, the silver was priced at Rs 91,530/Kg on October 14. The price of silver was Rs 90,080/Kg on October 11. The price of silver was quoted at Rs 92,160/Kg last week.
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Gold rate in Chennai on October 14
The gold rate in Chennai was Rs 76,150/10 grams today, October 14. On Friday 11-10-2024 the gold rate was quoted at Rs 75,470/10 grams. On October 07 or a week ago, the price of gold was Rs 76,210/10 grams in Chennai.
Silver rate in Chennai on October 14
The silver rate in Chennai today, October 14, is Rs 91,950/Kg. On October 11, the price of silver at Rs 90,500/Kg. The silver in Chennai was available to the customers for a price of Rs 92,590/Kg a week ago.
MCX Futures on October 14
The gold MCX futures contracts with the expiry of December 2024 were quoted for Rs 76,325 per 10 gm, an increase of Rs 1,028. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 91,730 per kg, an increase of Rs 1426.
