India's Gold Prices Decline Slightly Amid Global Cues
Gold prices declined slightly in India on September 18, while silver rose due to mixed global cues. On the Multi Commodity Exchange (MCX), gold futures were trading 0.34% lower at ₹153,190 per 10 grams. However, silver futures increased by 0.24% to ₹238,650 per kg.
In retail markets, 24-karat gold in New Delhi was priced at ₹152,650 per 10 grams, while 22-karat gold was quoted at ₹139,929. Silver of 999 purity stood at ₹237,810 per kg. Similar trends were observed in other major cities like Mumbai, Bengaluru, Kolkata, and Chennai.
The international market saw spot gold rise by 0.2% to $4,346.65 an ounce, while US gold futures declined by 0.3% to $4,385.70. Market participants are closely watching movements in the US dollar, crude oil prices, and geopolitical developments for cues on precious-metal prices.