Gold and silver rates today, September 30
The 24-carat gold rate in India was Rs 75,180 per 10 grams on September 30. The rate for 24-carat gold per gram is Rs 7,518. The rate of 22-carat gold was Rs 68,915 per 10 grams.
The rate of 24-carat gold has risen by 1.63% in the last one week, and the yellow metal has risen by 1.90% in the last ten days. The silver is currently quoted at Rs 91,380 per kilogram.
Experts on Gold Outlook
Commenting on the gold outlook Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said that Gold prices remained relatively flat to weak, hovering near $2665 in Comex, down by $8, while in MCX, there was minor profit booking around Rs 76,100, with a decline of Rs 150. This pullback comes after a strong rally in gold prices earlier this week, where prices surged by Rs 1,300 or 1.75%, mainly driven by the liquidity easing from the Fed’s policy decision on 18th September 2024.
Trivedi also added that In the MCX, support is seen around Rs 75,000-Rs 75,200, while resistance lies near Rs 76,400-Rs 76,650, as profit booking continues after the recent surge.
UBS on Gold
UBS continues to highlight gold’s hedging qualities, maintaining that it remains attractive for long-term portfolio protection. In their latest report, the firm recommends that a diversified USD-denominated portfolio should include a 5% allocation to gold, serving as a broad hedge against market risks.
The report further indicates a tactical preference for gold mines, though UBS emphasizes that this is more of a short-term, opportunistic call. The overall message from UBS remains clear: gold offers valuable diversification and protection, making it a vital component of a well-rounded investment strategy.
Gold rate in Mumbai on September 30
The glittering metal was quoted for a price of Rs 75,180/10 grams in Mumbai on September 30. On September 27, the price of gold was Rs 75,660/10 grams. Seven days back, on September 23, gold was trading for Rs 74,520/10 grams.
Silver rate in Mumbai on September 30
The shining metal silver was selling for a rate of Rs 91,380/Kg on September 23 in Mumbai. Whereas on Friday, the metal was priced at Rs 92,470/Kg and a week ago the price was Rs 89,060/Kg.
Gold rate in Kolkata on September 30
As less than a week is left for the Durga Puja, Gold and silver rates are in focus in Kolkata. In Kolkata, the 24-carat gold rate in Kolkata was trading for Rs 75,520/10 grams, today, September 30. The glittering metal was selling for Rs 75,560/10 grams on Friday and was quoting for Rs 74,420/10 grams last week.
Silver rate in Kolkata on September 30
The silver rate in Kolkata today was Rs 91,130/Kg. The price of silver was Rs 92,350/Kg on September 27. Last week, the price was trading at Rs 88,940/Kg.
Gold rate in Delhi on September 30
Diwali is just 30 days away and people in North India prefer shopping jewellery and ornaments during winter festivities. On September 30, the gold was trading at a price of Rs 75,490/10 grams.
The gold was quoted at Rs 75,530/10 grams on Friday, September 27. While the price of the 999 gold was selling for a price of Rs 74,390/10 grams a week ago.
Silver rate in Delhi on September 30
In Delhi, the silver was priced at Rs 91,110/Kg on September 30. The price of silver was Rs 93,310/Kg on September 27. The price of silver was quoted at Rs 89,910/Kg last week.
Gold rate in Chennai on September 30
The gold rate in Chennai was Rs 75,400/10 grams today, September 30. On Friday 27-09-2024 the gold rate was quoted at Rs 75,880/10 grams. On September 23 or a week ago, the price of gold was Rs 74,740/10 grams in Chennai.
Silver rate in Chennai on September 30
The silver rate in Chennai today, September 30, is Rs 91,530/Kg. On September 27, the price of silver at Rs 92,740/Kg. The silver in Chennai was available to the customers for a price of Rs 89,320/Kg a week ago.
MCX Futures on September 30
The gold MCX futures contracts with the expiry of October 2024 were quoted for Rs 74,930 per 10 gm, a drop of Rs 457. While the futures contracts for silver with the December 2024 expiry on MCX futures were trading at Rs 91,400 per kg, a fall of Rs 1264.