Gold prices fell 0.18 percent to $4,018 per ounce on October 23 in international markets. Domestic MCX gold closed at Rs 1,42,809 on October 22, while silver fell to Rs 2,00,853 per kilogram. Many experts said the trend remains weak as a stronger rupee and rising crude oil prices impact markets.
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Gold has weakened in international markets, while silver has fallen more sharply in domestic trading.
Gold price edged 0.18 percent down at $4,018 per ounce in the early session on October 23, while US gold futures declined 0.62 percent to $4,035.30 per ounce (03:01 GMT) from its previous close.
Domestic MCX spot gold closed the Thursday (October 22) nearly 1 percent down to Rs 1,42,809 from its previous close, and silver edged 2.74 percent to Rs 2,00,853 per kilogram. MCX gold futures for the December 4 delivery closed flat at Rs 1,43,303 per 10 grams, whereas silver edged 4.42 percent down to Rs 1,99,917 per kilogram from its previous close.
The overall trend remains weak amid a stronger rupee and concerns over elevated crude oil prices feeding inflationary pressures amid US-Iran conflict.
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.