Indian Retail Markets See Stable Gold and Silver Prices Amid Global Economic Uncertainty

Gold and silver prices in India's retail market remained stable on October 3. The Multi Commodity Exchange of India (MCX) is closed on Saturdays and Sundays, so live trading rates are not available.

The price of 24-karat gold was ₹150,550/10 grams, while 22-karat gold was priced at ₹138,004/10 grams. Silver prices were at ₹226,590/kg (Silver 999 Fine), according to the Indian Bullion Association's data.

Gold and silver prices have seen significant increases in recent months due to safe-haven demand and global economic uncertainty. The price of gold has risen by over 75% since last year, while silver rates rose from ₹78,600 per kg in 2023-2024 to over ₹240,000 per kg in October 2026.