Gold, silver rate today, October 18: The gold MCX futures contracts with the October 2024 expiry were trading at Rs 77,111 per 10 gm.
Gold and silver rates today, October 18
The 24-carat gold rate in India was Rs 77,210 per 10 grams on October 18. The rate for 24-carat gold per gram is Rs 7,711. The rate of 22-carat gold was Rs 70,684 per 10 grams.
The rate of 24-carat gold has risen by 1.20% in the last one week, and the yellow metal has gained by 2.80% in the last ten days. The silver is currently quoted at Rs 91,890 per kilogram.
Experts on Gold Outlook
Commenting on the gold outlook Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said Gold prices extended their rally, surpassing $2,685 in Comex with gains of $13, while in MCX, gains of Rs 300 pushed prices close to Rs 77,000, marking all-time highs once again. This rally is being driven by growing uncertainty in the returns of risky assets, making gold an attractive allocation for investors. The ongoing geopolitical tensions in the Middle East, coupled with expectations of further interest rate cuts, continue to support the upward momentum in gold prices.
Trivedi also added that the precious metal has strong support near Rs 76,300-Rs 76,500 in MCX, which should provide a cushion during any minor corrections. On the upside, resistance is now seen extending toward Rs 77,250-Rs 77,450, with the potential for further gains if safe-haven demand persists. As global uncertainties remain elevated, gold could continue to see buying interest in the near term.
Gold rate in Mumbai on October 18
The glittering metal was quoted for a price of Rs 77,110/10 grams in Mumbai on October 18. On October 17, the price of gold was Rs 76,670/10 grams. Seven days back, on October 11, gold was trading for Rs 76,290/10 grams.
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Silver rate in Mumbai on October 18
The shining metal silver was selling for a rate of Rs 91,890/Kg on October 18 in Mumbai. Whereas on October 17, the metal was priced at Rs 92,430/Kg and a week ago the price was Rs 91,690/Kg.
Gold rate in Kolkata on October 18
In Kolkata, the 24-carat gold rate in Kolkata was trading for Rs 77,010/10 grams, today, October 18. The glittering metal was selling for Rs 76,570/10 grams on October 17 and was quoting for Rs 76,160/10 grams last week.
Silver rate in Kolkata on October 18
The silver rate in Kolkata today was Rs 91,660/Kg. The price of silver was Rs 92,310/Kg on October 17. Last week, the price was trading at Rs 91,560/Kg.
Gold rate in Delhi on October 18
Diwali is just 10 days away and people in North India prefer shopping for jewellery and ornaments during winter festivities. On October 18, the gold was trading at a price of Rs 76,890/10 grams.
The gold was quoted at Rs 76,540/10 grams on Thursday, October 17. While the price of the 999 gold was selling for a price of Rs 76,160/10 grams a week ago.
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Silver rate in Delhi on October 18
In Delhi, the silver was priced at Rs 91,620/Kg on October 18. The price of silver was Rs 92,270/Kg on October 17. The price of silver was quoted at Rs 91,530/Kg last week.
Gold rate in Chennai on October 18
The gold rate in Chennai was Rs 77,340/10 grams today, October 18. On Wednesday 16-10-2024 the gold rate was quoted at Rs 76,900/10 grams. On October 11 or a week ago, the price of gold was Rs 76,510/10 grams in Chennai.
Silver rate in Chennai on October 18
The silver rate in Chennai today, October 18, is Rs 92,700/Kg. On October 17, the price of silver at Rs 92,700/Kg. The silver in Chennai was available to the customers for a price of Rs 91,950/Kg a week ago.
MCX Futures on October 18
The gold MCX futures contracts with the expiry of December 2024 were quoted for Rs 77,111 per 10 gm, an increase of Rs 447. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 91,778 per kg, a fall of Rs 405.
