Gold, silver rate today, October 1: The gold MCX futures contracts with the October 2024 expiry were trading at Rs 74,924 per 10 gm.
Gold and silver rates today, October 1
The 24-carat gold rate in India was Rs 75,510 per 10 grams on October 1. The rate for 24-carat gold per gram is Rs 7,551. The rate of 22-carat gold was Rs 69,218 per 10 grams.
The rate of 24-carat gold has risen by 1.28% in the last one week, and the yellow metal has risen by 1.75% in the last ten days. The silver is currently quoted at Rs 90,630 per kilogram.
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Experts on Gold
Commenting on the gold outlook Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said that Gold prices remained range-bound between $2645-$2660 in Comex, and Rs 75,750-Rs 76,100 in MCX as the market braces for a series of crucial data releases this week. Profit booking could dominate the week as the market weighs the likelihood of additional rate cuts from Fed Chair Jerome Powell, with a total of 1% expected in 2024 following the 0.50% cut on 18th September.
Trivedi also added that there is growing anticipation of another 0.50% cut in the next meeting, but participants are cautious. If upcoming unemployment data shows strong figures, the Fed might take a less aggressive stance, which could temper gold’s momentum. For MCX, support levels are seen at Rs 75,000-Rs 75,250, while resistance is near Rs 76,150-Rs 76,350.
Gold rate in Mumbai on October 1
The glittering metal was quoted for a price of Rs 75,510/10 grams in Mumbai on October 1. On September 30, the price of gold was Rs 75,1800/10 grams. Seven days back, on September 24, gold was trading for Rs 75,280/10 grams.
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Silver rate in Mumbai on October 1
The shining metal silver was selling for a rate of Rs 90,520/Kg on October 1 in Mumbai. Whereas on Friday, the metal was priced at Rs 91,380/Kg and a week ago the price was Rs 92,390/Kg.
Gold rate in Kolkata on October 1
As less than 4 days are 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 75,410/10 grams, today, October 01. The glittering metal was selling for Rs 75,520/10 grams yesterday and was quoting for Rs 75,180/10 grams last week.
Silver rate in Kolkata on October 1
The silver rate in Kolkata today was Rs 90,400/Kg. The price of silver was Rs 91,130/Kg on September 30. Last week, the price was trading at Rs 92,270/Kg.
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Gold rate in Delhi on October 1
Diwali is just 30 days away and people in North India prefer shopping for jewellery and ornaments during winter festivities. On October 01, the gold was trading at a price of Rs 75,380/10 grams.
The gold was quoted at Rs 75,490/10 grams on Monday, September 30. While the price of the 999 gold was selling for a price of Rs 75,150/10 grams a week ago.
Silver rate in Delhi on October 1
In Delhi, the silver was priced at Rs 90,360/Kg on October 01. The price of silver was Rs 91,110/Kg on September 27. The price of silver was quoted at Rs 92,230/Kg last week.
Gold rate in Chennai on October 1
The gold rate in Chennai was Rs 75,730/10 grams today, October 01. On Monday 30-09-2024 the gold rate was quoted at Rs 75,400/10 grams. On September 24 or a week ago, the price of gold was Rs 75,500/10 grams in Chennai.
Silver rate in Chennai on October 1
The silver rate in Chennai today, October 01, is Rs 90,780/Kg. On September 30, the price of silver at Rs 91,530/Kg. The silver in Chennai was available to the customers for a price of Rs 92,660/Kg a week ago.
MCX Futures on October 1
The gold MCX futures contracts with the expiry of October 2024 were quoted for Rs 74,924 per 10 gm, a jump of Rs 66. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 90,641 per kg, a fall of Rs 757.
