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For some time now, there has been a huge fluctuation in the prices of precious metals gold and silver. Gold prices have fallen in the futures market, while gold prices have risen in the bullion market. On Wednesday, gold was seen trading in the red on MCX. At the same time, gold closed higher in the bullion market. If you are also thinking of buying gold or silver, then especially check the latest rates.
Prices in the futures market
There has been a decline in the prices of both gold and silver on the Indian futures market i.e. MCX. According to the information of gold prices on Mcxindia.com, 10 grams of gold of October 4, 2024 futures fell by Rs 547 to Rs 70,152. Earlier it had closed at 70,699. Talking about silver, silver fell by Rs 949 to Rs 80,100.
According to the official website of India Bullion and Jewelers Association (ibjarats.com), In the bullion market on Wednesday, the price of 10 grams of 999 purity gold increased by Rs 349 to close at Rs 70,793. Which closed at Rs 70,444 on Tuesday. Silver also rose by Rs 219 to close at Rs 80,921 on Wednesday, which was Rs 80,702 per kg on Tuesday. Thus, if we look at the prices of gold, the prices have seen a decline in the futures market, while the prices are increasing in the bullion market.
special Notes: It is worth noting here that the price published by the India Bullion and Jewelers Association shows the standard price of gold of different purities. All these prices are before tax and making charges. The rates issued by IBJA are accepted across the country. But its prices do not include GST. The price that the customer has to pay while buying jewelery is higher because it also includes tax. The price is announced by the association twice in the morning and evening. Apart from this, the price does not include making charges. New association rates are not announced on public holidays.
