Gold futures climb ₹1,283 to ₹1.63 lakh per 10 grams on MCX
Gold futures on the MCX rose ₹1,283 to ₹1,63,721 per 10 grams for October delivery, driven by fresh positions and firm spot demand. Globally, gold gained 0.99% to $4,648.78 per ounce.
Gold Market
Gold futures on the MCX rose ₹1,283 to ₹1,63,721 per 10 grams for October delivery, driven by fresh positions and firm spot demand. Globally, gold gained 0.99% to $4,648.78 per ounce.
The gold price is heavily influenced by demand from India and China, the world's two largest consumers, whose cultural and economic factors create recurring patterns.
Retail gold in India has risen from ₹89 per 10 grams at independence in 1947 to ₹1,54,500 per 10 grams, reflecting decades of economic shifts.