In a relatively weak market, shares of Multi Commodity Exchange of India (MCX) surged by nearly 2% on October 18. As of 9:50 AM, the stock was trading 1.77% higher at ₹6,453.55.
Gold rates witnessed significant gains, surging to record highs in the domestic futures market Friday morning. This surge was boosted by positive global cues and strong demand from domestic spot markets. MCX Gold for December 5 expiry traded 0.62% higher at ₹77,587 per 10 grams around 9:40 AM.
Additionally, the 24-carat gold rate in India stood at ₹77,210 per 10 grams. The price of silver was quoted at ₹91,890 per kilogram.
Here’s a breakdown of gold and silver prices across major Indian cities:
- Mumbai: Gold was priced at ₹77,110/10 grams, and silver was trading at ₹91,890/Kg.
- Kolkata: Gold was priced at ₹77,010/10 grams, and silver at ₹91,660/Kg.
- Delhi: Gold was quoted at ₹76,890/10 grams, and silver at ₹91,620/Kg.
- Chennai: Gold was priced at ₹77,340/10 grams, and silver at ₹92,700/Kg.
Meanwhile, on the MCX futures market, December 2024 gold futures were quoted at ₹77,111 per 10 grams, while silver futures with December 2024 expiry were trading at ₹91,778 per kilogram.
Despite the overall market weakness, MCX shares have continued to perform strongly, reflecting robust investor interest in commodity trading.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
