Gold, Silver Rates today October 12, 2023: Check Prices in Mumbai, Delhi, Chennai, Kolkata

The U.S Fed's dovish stance expressed during its Wednesday's US Fed's minutes release has given gold its shimmer. Gold extended its rally and regained ₹58,000 per 10 gm mark on Multi Commodity Exchange.

While the MCX gold price opened on the higher end at ₹58,045 per 10 gm levels and hit a intraday high of ₹58,075 levels within few minutes of commodity market's opening bell. With this Gold prices neared firmed near a more-than-one-week high as the dollar weakened.

However, the yellow metal met an intraday low of ₹58,001 per 10 gm by end of near 20 minutes of trade due to profit booking trigger.

Meanwhile, the average price of 1 gram of 22K Gold in India stood at ₹5,400 while the 24K gold prices stood at ₹5,891.

The rate of 10 grams of 24K gold in Chennai stood at ₹59,070, which was followed by Delhi and Lucknow where the gold costs ₹59,060.

The average price of 10gm of Silver was at ₹726 and 1 kg of silver stood at ₹72,600.

However, in Chennai, Hyderabad and Kerala the metal was sold at ₹75,500, followed by Mumbai and Delhi where the metal was sold at ₹72,600

Indian Major Cities 24 Carat Gold Rate per 10gm Today October 12

Delhi - ₹59,060
Chennai - ₹59,070
Mumbai - ₹58,910
Kolkata - ₹58,910
Bengaluru - ₹58,910

Indian Major Cities 1 KG Silver Rate Today October 12

Delhi - ₹72,600
Chennai - ₹75,500
Mumbai - ₹72,600
Kolkata - ₹72,600
Bengaluru - ₹71,000

Meanwhile, gold price is oscillating around $1,873 per ounce levels in the international market.