Gold prices moved higher in the national capital's bullion market on October 1, rising by Rs 700 per 10 grams. The increase brought the price of 99.9% purity gold to Rs 1,49,300 per 10 grams and halted a decline that had continued for 2 sessions.
The rise comes as the festive season approaches, with Diwali also due in the coming days. Gold and silver purchases typically attract greater attention during this period, making daily price changes important for buyers tracking their budgets.
Gold price movement
Gold had closed at Rs 1,48,600 per 10 grams on September 30 after falling by Rs 1400. The latest increase has taken the metal above that level in the national capital's bullion market.
The reported price applies to gold with 99.9% purity. Buyers should distinguish this market rate from the final amount they may pay, as the supplied report does not provide a separate complete purchase-price breakdown.
Silver remains unchanged
Silver stayed at Rs 2.32 lakh per kilogram for a second consecutive session. It was also quoted at the same level on September 30, leaving the metal steady while gold moved higher.
Global precious-metals market
In international trading, gold recorded a modest increase and stood at $4,190 per ounce. The previous day, it had risen by $30.34, or about 1%, to $4,145.26 per ounce.
Silver moved in the opposite direction globally, falling by 1.28% to $60.68 per ounce. It had been at $60.69 per ounce on the previous day. Fluctuations in the US dollar were reported to have limited a larger rise in gold and silver prices.
Conclusion
Gold became more expensive on October 1, while silver remained stable in the domestic market. The changes are relevant for buyers considering precious-metal purchases ahead of the festive season and Diwali.
Frequently Asked Questions
Q. What is the gold price on October one?
Gold is priced at Rs 1,49,300 per 10 grams for 99.9% purity in the national capital's bullion market.
Q. How much did gold prices rise?
Gold increased by Rs 700 per 10 grams.
Q. What is the silver price?
Silver is priced at Rs 2.32 lakh per kilogram.
Q. Did silver prices change?
No. Silver remained unchanged for the second consecutive session.
Q. What happened to gold in global markets?
Gold traded at $4,190 per ounce with a modest increase.
Q. What happened to international silver prices?
Silver fell by 1.28% to $60.68 per ounce.
Q. Why are these prices important for buyers?
The festive season and Diwali are approaching, a period when gold and silver purchases receive increased attention.
