Gold and silver prices today: The gold MCX futures contracts with the expiry of December 2024 were quoted for Rs 79,737 per 10 gm.
Gold and silver rates today, October 31
Gold and silver prices are at an all-time high as India immerses in the auspicious festival of lights, fireworks, and sweets. The price of 24-carat gold is about to touch the Rs 80,000 per 10-gram mark, on the back of increased festive demand. Purchasing gold around the festivities is common, serving both as an investment and as gifts for loved ones.
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As the Iran-Israel conflict escalated, its impact could be seen on precious metals like gold and silver. The prices of gold and silver experienced significant fluctuations. Regarded as a safe-haven investment, gold remains a popular choice for investors seeking assurance and stability in uncertain times.
The 24-carat gold rate in India was quoted for a price of Rs 79,820 per 10 grams on October 31. The rate for 24-carat gold per gram is Rs 7,982. The rate of 22-carat gold was Rs 73,168 per 10 grams.
“Geopolitical concerns and political uncertainty in the U.S. continued to support prices, but a smaller rate cut expectations limited upside. The U.S. is scheduled to release consumer confidence and JOLTS job openings that will impact the markets. Internationally, the range for COMEX December gold is $2,735 to $2,765 while that for COMEX December silver is $33.400 to $34.200. Domestic gold and silver could track overseas prices and start marginally higher. The range for MCX December gold is 78,200 to 78,700, while that for MCX December silver is 96,350 to 98,200,” said Sriram Iyer, Senior Research Analyst at Reliance Securities.
The price of 24-carat gold rose by 1.83% in the last week, and the yellow metal has fallen by 2.2% in the last ten days. The silver is available to customers today at a price of Rs 97,850 per kilogram.
Gold rate in Mumbai on October 31
Today, the 24-carat Gold is priced at Rs 79,820/10 grams. On October 30, the gold was available for Rs 79,340/10 grams. A week back, on October 24, gold was sold for Rs 78,380/10 grams.
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Silver rate in Mumbai on October 31
Silver was sold for a price of Rs 97,850/Kg on October 31 in Mumbai, a fall of Rs 1010. A day ago, the shinning metal was priced at Rs 98,860/Kg and a week ago the price was Rs 1900 away from touching the milestone of one lakh rupees per kilogram.
Gold rate in Kolkata on October 31
The 24-carat gold was trading for a price of Rs 79,710/10 grams, today, October 31. The glittering metal was selling for Rs 79,240/10 grams yesterday and was quoting for Rs 78,280/10 grams last week.
Silver rate in Kolkata on October 31
Today, the silver in Kolkata was selling for a price of Rs 97,720/Kg. The price of silver was Rs 98,730/Kg on October 31. Last week, the metal was trading at Rs 96,920/Kg.
Gold rate in Delhi on October 31
On October 31, the gold was selling for Rs 79,680/10 grams. The gold was quoted at Rs 79,210/10 grams on October 30. While the price of the 24K gold was Rs 78,250/10 grams a week ago.
Silver rate in Delhi on October 31
In Delhi, the silver was priced at Rs 97,680/Kg on October 31. The price of silver was Rs 98,690/Kg on October 30. A week ago, the silver was trading for a price of Rs 96,880/Kg.
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Gold rate in Chennai on October 31
On October 31, the gold was quoted in Chennai for a price of Rs 80,050/10 grams. On October 30, it was quoted for Rs 79,580/10 grams. A week ago, the price of gold was Rs 78,610/10 grams in Chennai.
Silver rate in Chennai on October 31
The silver rate in Chennai today, October 31, is Rs 98,140/Kg. On October 30, the price of silver was Rs 99,150/Kg. The silver in Chennai was available to the customers for a price of Rs 97,330/Kg a week ago.
MCX Futures on October 31
The gold MCX futures contracts with the expiry of December 2024 were quoted for Rs 79,737 per 10 gm. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 97,748 per kg.
