Gold Inches up as October Fed Rate Hike Prospects Fade
- The latest price of 24K gold in India stands at Rs 14,902 per gram, while 22K gold is available at Rs 13,660 per gram, reflecting a decrease from yesterday's rates.
- Precious metal futures showed signs of recovery on Monday, though gold prices remain volatile after a sharp market correction throughout September.
- 24K gold rates vary across major cities; Chennai and Mumbai prices stand at Rs 14,902 per gram, while Delhi quotes reach Rs 14,917 per gram.
- Vikram Subburaj, CEO, Giottus, noted that gold and silver futures are currently following different paths in India, as markets attempt to stabilize.
- Mounting geopolitical tensions in the Middle Eastern region, including renewed Houthi threats, have driven a safe-haven rally in precious metals, fueling price surges.
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برس بيGold prices were steady on Wednesday. Spot gold was little changed at $4,159.62 per ounce by 00:38 GMT. U.S. gold futures for December delivery were also unchanged at $4,187.30. Among other precious metals, silver fell 0.6% to $61.32, while platinum rose 0.4% to $1,707.65, and palladium slipped 0.1% to $1,170.75.
While investor positions are weakening in the gold market, strong buying by central banks and institutional investors continues to support prices. Deutsche Bank stated that while the risk of selling persists in the short term, the upward outlook for gold remains in the medium term, and copper has even stronger upside potential.
Gold Rate Today, October 6: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities
Today's 18, 22 and 24 Carat Gold Prices in Chennai, Bangalore, Hyderabad, Mumbai, Delhi: The gold price in India today stands at Rs 14,902 per gram for 24 carat gold, Rs 13,660 per gram for 22 carat gold and Rs 11,177 per gram for 18 carat gold, as per Good Returns.
The price of the futures for gold delivered in December on the Comex Exchange fell below $4,150 per ounce for the first time since September 28, this year, according to the data of the mall. The price of the futures for gold delivered in December on the Comex Exchange fell below $4,150 per triple ounce, transfers TASS. This drop was recorded for the first time since September 28, 2026. In the morning, precious metal quotations showed a decrease …
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