Gold, silver rate today, October 21: The gold MCX futures contracts with the October 2024 expiry were trading at Rs 77,750 per 10 gm.
Gold and silver rates today, October 21
The 24-carat gold rate in India was Rs 77,770 per 10 grams on October 18. The rate for 24-carat gold per gram is Rs 7,777. The rate of 22-carat gold was Rs 71,289 per 10 grams.
The rate of 24-carat gold has risen by 2.26% in the last one week, and the yellow metal has gained by 1.93% in the last ten days. The silver is currently quoted at Rs 95,610 per kilogram.
Read More: Big update on Ratan Tata Rs 7900 crore property, these people to….
Experts on Gold Outlook
Commenting on the gold outlook Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said that Gold prices continued their strong upward momentum, with a sharp rise of Rs 500 in MCX, taking the price to Rs 77,600, supported by Comex gold surging above $2,710. This robust strength is largely driven by the expectation of ongoing interest rate cuts in the US, with further reductions anticipated in the near future. The broader trend in MCX gold has been distinctly positive since it hit lows below Rs 68,000 earlier in the year, and the current rally to above Rs 77,500 represents a significant appreciation.
Trivedi also added that the For 2024, gold has already delivered impressive returns of over 22%, and on a Diwali-to-Diwali basis, returns have reached nearly 30%. This makes gold one of the standout performers for the year. Looking ahead, the price momentum remains strong, with a potential upside target of Rs 78,500 in the coming sessions. On the downside, the key support level is seen around Rs 75,000, providing a solid base for any short-term pullbacks. As long as the interest rate cut expectations and geopolitical tensions persist, the bullish outlook for gold should remain intact.
Read More: CNG prices may go up by Rs 6 as government cuts input supply to city gas retailers: Report
Gold rate in Mumbai on October 21
The glittering metal was quoted for a price of Rs 77,770/10 grams in Mumbai on October 21. On October 18, the price of gold was Rs 77,110/10 grams. Seven days back, on October 14, gold was trading for Rs 76,050/10 grams.
Silver rate in Mumbai on October 21
The shining metal silver was selling for a rate of Rs 95,610/Kg on October 21 in Mumbai. Whereas on October 18, the metal was priced at Rs 91,890/Kg and a week ago the price was Rs 90,770/Kg.
Gold rate in Kolkata on October 21
In Kolkata, the 24-carat gold rate in Kolkata was trading for Rs 77,670/10 grams, today, October 21. The glittering metal was selling for Rs 77,010/10 grams on October 18 and was quoting for Rs 75,950/10 grams last week.
Read More: Campa Cola Returns: Reliance Industries Set To Disrupt Beverage Market
Silver rate in Kolkata on October 21
The silver rate in Kolkata today was Rs 95,370/Kg. The price of silver was Rs 91,660/Kg on October 18. Last week, the price was trading at Rs 90,650/Kg.
Gold rate in Delhi on October 21
Diwali is just 8 days away and people in North India prefer shopping for jewellery and ornaments during winter festivities. On October 21, the gold was trading at a price of Rs 77,640/10 grams.
The gold was quoted at Rs 76,890/10 grams on Friday, October 18. While the price of the 999 gold was selling for a price of Rs 75,920/10 grams a week ago.
Silver rate in Delhi on October 21
In Delhi, the silver was priced at Rs 95,330/Kg on October 21. The price of silver was Rs 91,620/Kg on October 18. The price of silver was quoted at Rs 90,610/Kg last week.
Gold rate in Chennai on October 21
The gold rate in Chennai was Rs 78,000/10 grams today, October 21. On Friday 18-10-2024 the gold rate was quoted at Rs 77,340/10 grams. On October 14 or a week ago, the price of gold was Rs 76,270/10 grams in Chennai.
Silver rate in Chennai on October 21
The silver rate in Chennai today, October 21, is Rs 95,770/Kg. On October 18, the price of silver at Rs 92,700/Kg. The silver in Chennai was available to the customers for a price of Rs 91,030/Kg a week ago.
MCX Futures on October 21
The gold MCX futures contracts with the expiry of December 2024 were quoted for Rs 77,750 per 10 gm, an increase of Rs 643. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 95,470 per kg, gain of Rs 68.
