Gold Silver Rate Today (September 28): Bullion slips in home market on weak world cues

Gold Rate Today, Silver Rate Today: Prices of gold and silver costs opened decrease in Mumbai’s spot market on Wednesday, September 28, 2022, taking cues from weak world costs.

The opening value for 999 purity gold was Rs 49,368 per 10 grams, down Rs 161 from Tuesday’s closing value of Rs 49,529, whereas that of 999 purity silver was Rs 54,193 per kg, down Rs 1,198 from Rs 55,391, the information obtainable on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
49,368
49,529

995
49,170
49,331

916
45,221
45,369

750
37,026
37,147

585
28,880
28,975
Silver
999
54,193
55,391
Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India (MCX), the gold contract for October supply was buying and selling at Rs 49,080.00 per 10 grams, down Rs 239.00 (0.48 per cent) at 2:22 pm whereas the silver contract for December supply was at Rs 54,580.00, down Rs 799.00 (1.44 per cent).

In the worldwide market, spot gold was down 0.5 per cent to $1,620.88 per ounce at 0634 GMT, after hitting its lowest since April 2020. US gold futures dropped 0.4 per cent to $1,629.70, knowledge by Reuters confirmed.