Gold Silver Price Today: Gold and silver costs rise in spot market; futures dip

Gold and Silver Rate Today in India: Prices of gold and silver costs opened larger in Mumbai’s spot market on Tuesday, October 25.

The opening worth for 999 purity gold was Rs 50,637 per 10 grams, up Rs 575 from Friday’s closing worth of Rs 50,062, whereas that of 999 purity silver was Rs 57,427 per kg, up Rs 1,872 from Rs 55,555, the info obtainable on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening worth (Rs)
Previous shut (Rs)
Gold
999
50,637
50,062

995
50,434
49,862

916
46,384
45,857

750
37,978
37,547

585
29,623
29,286
Silver
999
57,427
55,555
Source: India Bullion and Jewellers Association (IBJA)

However, on the Multi Commodity Exchange of India (MCX), the gold contract for December supply was buying and selling at Rs 50,470.00 per 10 grams, down Rs 110.00 (0.22 per cent) at 2:39 pm whereas the silver contract for December supply was at Rs 57,200.00, down Rs 548.00 (0.95 per cent).

In the worldwide market, spot gold fell 0.1 per cent to $1,646.79 per ounce by 0735 GMT, whereas US gold futures eased 0.1 per cent to $1,652.50 per ounce, Reuters knowledge confirmed.