Overview
- IBJA morning rates show 24-carat gold at Rs 1,28,592 per 10 grams and silver at Rs 1,78,210 per kg.
- City quotes place Mumbai 24-carat gold around Rs 1,30,420 per 10 grams, reflecting strong domestic pricing.
- On MCX, February gold futures traded near Rs 1,30,400 per 10 grams and edged slightly lower as traders booked profits, while March silver slipped about 1% to roughly Rs 1,81,600 per kg.
- Silver remains the outperformer after a fresh domestic record near Rs 1,85,234 per kg on Friday and international prices around $58–$60 per ounce.
- International spot gold hovered near $4,220 per ounce as a softer dollar and expectations for a December 10 Fed rate cut supported prices, with analysts also citing rupee depreciation toward 90 as a key driver of higher Indian rates.