Except for a few days, gold and silver prices are continuously increasing in India. However, both have seen a significant decline in recent times. According to the website of the Indian Bullion and Jewelers Association (IBJA), by Friday morning, the price of 24 carat gold stood at Rs 1,23,354 per 10 grams, while the price of silver stood at Rs 1,51,450 per kg. Meanwhile, the futures price of gold on Multi Commodity Exchange (MCX) stood at Rs 1,23,657 per 10 grams. Silver futures also increased to Rs 1,48,285 per kg. Globally, gold futures prices increased to $ 4,138.84 an ounce. On the other hand, silver rose to $48.10 an ounce. Now, know the latest gold rates of 24 karat, 23 karat, 22 karat, 18 karat and 14 karat, as per IBJA. We’ll keep you updated as prices change throughout the day.
Purity Morning Rate Gold 24 carat Rs 123354 per 10 gram Gold 23 carat Rs 122860 per 10 gram Gold 22 carat Rs 112992 per 10 gram Gold 18 carat Rs 92516 per 10 gram Gold 14 carat Rs 72162 per 10 gram Silver 999 Rs 151450 per kg
What were the prices of gold and silver last day?
On Thursday, gold for December delivery rose by ₹2,093, or 1.72 per cent, to ₹1,23,950 per 10 grams on the Multi Commodity Exchange (MCX). The contract had touched a high of ₹1,24,233 per 10 grams during trading. Silver futures for December delivery also rose by ₹3,532, or 2.43 per cent, to ₹1,49,090 per kg. The March 2026 delivery contract rose ₹4,153, or 2.83 per cent, to ₹1,50,771 per kg.
On Wednesday, gold futures settled at Rs 1,21,857 per 10 grams, down Rs 6,414 or five per cent, while silver fell by Rs 4,769 or 3.17 per cent at Rs 1,45,558 per kg. This huge fall was due to increased profit-booking at higher levels.
Gold and silver reached record highs on Friday before Dhanteras. On MCX, gold reached Rs 1,32,294 per 10 grams and silver reached Rs 1,70,415 per kg. Earlier this week, gold had fallen nearly six percent, its biggest one-day fall in more than a decade. Commodity markets remained closed early on Wednesday due to Diwali holiday and trading resumed in the evening.
What were the prices of gold and silver in the international market?
On Thursday, the futures price of gold for December delivery on Comex rose 2.26 percent to $ 4,157.31 an ounce, while it had fallen 1.06 percent in the previous session. In the international market, the futures price of silver for December delivery also increased by almost three percent to $ 49.03 an ounce on Thursday. Last week, silver reached an all-time high of $53.76 an ounce.
Why did gold and silver futures trading increase?
After heavy selling at the beginning of the week, gold and silver futures traded on a positive note on Thursday. This was due to value-based buying by traders amid geopolitical uncertainties. According to analysts, the main focus of investors remained on the long-running US-China trade standoff. US President Donald Trump and Chinese President Xi Jinping are said to be considering new export restrictions ahead of a possible meeting next week.
what experts say
According to news agency PTI, Jatin Trivedi, Vice President and Research Analyst (Commodities and Currency), LKP Securities, said that gold prices on MCX have improved after heavy selling at the beginning of the week. The nearly five percent decline was one of the biggest in several months, driven by heavy profit-taking from overbought levels and fresh hopes for US trade talks with India and China. Trivedi said the slight uptick was driven by investors’ willingness to reinvest at lower levels due to uncertainty over Trump’s changing policy stance. Upcoming US inflation data will be a key factor in determining the near-term direction.
