Gold, silver rate today, October 15: The gold MCX futures contracts with the October 2024 expiry were trading at Rs 76,065 per 10 gm.
Gold and silver rates today, October 15
The 24-carat gold rate in India was Rs 76,050 per 10 grams on October 4. The rate for 24-carat gold per gram is Rs 7,605. The rate of 22-carat gold was Rs 69,795 per 10 grams.
The rate of 24-carat gold has risen by 1.26% in the last one week, and the yellow metal has dipped by 0.07% in the last ten days. The silver is currently quoted at Rs 90,880 per kilogram.
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Expert on Gold Outlook
Commenting on the gold outlook Nigel Green CEO of deVere Group said that As central banks continue aggressive buying, the US Federal Reserve cuts interest rates, and geopolitical tensions persist, the precious metal is primed for a bullish surge that could shatter previous records. Central banks around the world are accelerating their gold purchases at a pace not seen in decades. This trend, which initially gained momentum following the start of the Russia-Ukraine war, has broadened, with many countries shifting away from US dollar-denominated assets.
Green also added that Gold buying has surged to nearly three times the level seen before 2022, with strong demand expected to continue into 2025, according to the deVere CEO. This increase is not just about portfolio diversification but a strategic move to mitigate risks. Many countries, especially those wary of U.S. financial sanctions, are turning to gold to shield their reserves from political and economic pressures.
“China has been a key player in this trend, with its central bank adding to gold holdings for 10 consecutive months in 2023, highlighting its intent to reduce reliance on the dollar amid rising geopolitical tensions with the West. This buying momentum continued into 2024, with net purchases of 290 tonnes recorded in the first quarter, marking the fourth strongest quarter since the buying spree began in 2022,” Green added
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Gold rate in Mumbai on October 15
The glittering metal was quoted for a price of Rs 76,050/10 grams in Mumbai on October 15. On October 14, the price of gold was Rs 76,390/10 grams. Seven days back, on October 08, gold was trading for Rs 75,100/10 grams.
Silver rate in Mumbai on October 15
The shining metal silver was selling for a rate of Rs 90,770/Kg on October 15 in Mumbai. Whereas on October 14, the metal was priced at Rs 91,810/Kg and a week ago the price was Rs 88,650/Kg.
Gold rate in Kolkata on October 15
As the Durga Puja starts, Gold and silver rates are in focus in Kolkata. In Kolkata, the 24-carat gold rate in Kolkata was trading for Rs 75,950/10 grams, today, October 15. The glittering metal was selling for Rs 76,190/10 grams on October 14 and was quoting for Rs 75,000/10 grams last week.
Silver rate in Kolkata on October 15
The silver rate in Kolkata today was Rs 90,650/Kg. The price of silver was Rs 91,560/Kg on October 03. Last week, the price was trading at Rs 88,530/Kg.
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Gold rate in Delhi on October 15
Diwali is just 2 weeks away and people in North India prefer shopping for jewellery and ornaments during winter festivities. On October 15, the gold was trading at a price of Rs 75,920/10 grams.
The gold was quoted at Rs 76,160/10 grams on Monday, October 14. While the price of the 999 gold was selling for a price of Rs 74,970/10 grams a week ago.
Silver rate in Delhi on October 15
In Delhi, the silver was priced at Rs 90,610/Kg on October 15. The price of silver was Rs 91,530/Kg on October 14. The price of silver was quoted at Rs 88,490/Kg last week.
Gold rate in Chennai on October 15
The gold rate in Chennai was Rs 76,270/10 grams today, October 15. On Tuesday 14-10-2024 the gold rate was quoted at Rs 76,150/10 grams. On October 08 or a week ago, the price of gold was Rs 75,310/10 grams in Chennai.
Silver rate in Chennai on October 15
The silver rate in Chennai today, October 15, is Rs 91,030/Kg. On October 14, the price of silver at Rs 91,950/Kg. The silver in Chennai was available to the customers for a price of Rs 88,900/Kg a week ago.
MCX Futures on October 15
The gold MCX futures contracts with the expiry of December 2024 were quoted for Rs 76,065 per 10 gm, a decrease of Rs 242. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 90,791 per kg, a fall of Rs 899.
