Now Reading: Gold prices rise on MCX, city rates vary on August 15
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Gold prices rise on MCX, city rates vary on August 15
Gold futures rose on the Multi Commodity Exchange on August 15, with the benchmark 24-carat contract gaining 0.73% to Rs 1,54,590 per 10 grams in morning trade. Times Now reports that Delhi…
The Story in Brief
Gold futures rose on the Multi Commodity Exchange on August 15, with the benchmark 24-carat contract gaining 0.73% to Rs 1,54,590 per 10 grams in morning trade. Times Now reports that Delhi bullion-market gold was quoted at Rs 1,56,200 per 10 grams, including taxes. IBJA’s 24-carat rate was Rs 1,52,360, while GoodReturns listed Rs 1,53,040. City rates for 24-carat gold ranged from Rs 1,52,890 in Mumbai and Kolkata to Rs 1,53,170 in Chennai. Prices vary by purity, taxes, location and the source used.
The previous day, Delhi’s bullion rate fell Rs 800 to Rs 1,56,200 per 10 grams, according to Times Now, while October MCX gold futures declined Rs 409 to Rs 1,53,057. The Hindu Businessline reported lower city rates on August 14, including Rs 14,768 per gram for 24-carat gold in Mumbai. Jewellers’ final prices may differ from published benchmark rates.
The Indian Opinion
The easy story is either that gold is surging again or that one falling session signals a reversal. Neither follows from these figures. MCX futures rose on August 15, but Delhi bullion prices had fallen the previous day, and published rates differ by source, taxes and location. Buyers should compare the jeweller’s final bill, including making charges and GST, rather than chase a headline rate. The clearest test is whether MCX prices hold above the previous close of Rs 1,53,466 per 10 grams.
Sources (2): thehindubusinessline.com, timesnownews.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
