Gold prices inched 0.93 percent near $4,144 per ounce on October 15. Domestic spot gold closed Wednesday at Rs 1,45,615 per 10 grams, while silver fell to Rs 2,14,436 per kilogram. Bullion recovered from previous losses as crude oil prices fell. Many investors now watch how these rates change across cities.
Gold prices inched 0.93 percent near $4,144 per ounce in the early session on October 15, while US gold futures inched 1.23 percent to $4,158.50 per ounce (02:42 GMT) from their previous close. Domestic spot gold closed the Wednesday (October 14) session 1.03 percent down to Rs 1,45,615 per 10 grams, and silver declined to Rs 2,14,436 per kilogram. MCX gold futures for the December 4 delivery inched 2 percent to Rs 1,45,850 per 10 grams, while silver held its price at Rs 2,07,990 per kilogram from its previous close. Bullion recovered from the previous session's losses as crude oil prices declined, easing pressure across other markets. Bullion was under pressure after aggressive Federal Reserve rate hikes continued to weigh on sentiment following hotter-than-expected US inflation data. The US Consumer Price Index rose to 3.7 percent in September, its highest level in four months, largely driven by rising energy costs. Brent crude was trading 1.41 percent lower to $1045 per barrel in early futures trade. The rupee on Wednesday appreciated 95.14 paise to close at 95.14 against the US dollar as RBI restrictions on dollar buying continued to support the currency. Here's how 24 Karat, 22 Karat, and 18 Karat gold prices moved. Here's how the price of 1 kilogram of silver of 999 purity moved. Gold prices vary among cities. Here's how the price of 10 grams of gold moved in your city. Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.