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Hindustan Times
3 days ago
- Business
- Hindustan Times
Gold price today: Rates fall to ₹97,212 for 10 grams amid US-India trade talks
Gold prices in the country have crawled further down with the Multi Commodity Exchange of India Ltd (MCX) quoting ₹97,212 for 10 grams of 24-carat gold, and ₹ ₹89,448 for 10 grams of 22-carat-gold as of 11.17 am on July 16, IST. Prices of the precious yellow metal surged for four consecutive trading days before it dipped yesterday.(Unsplash/representational) The bullion rate of the yellow metal stands at ₹97,720 for 24-carat gold and ₹89,577 for 22-carat gold for every 10 grams, marking a 0.12 per cent rise from yesterday's close. Prices of the precious yellow metal surged for four consecutive trading days before it dipped yesterday. The prices come amid the ongoing trade talks between USA and a delegation led by India's Commerce and Industry Ministry, in Washington. Commencing on Monday, the trade talks are aimed to address negotiations regarding the interim bilateral trade agreement between India and the USA. Here are the gold rates for July 16, 2025, in India's major cities Indian cities MCX gold rate(24 carat per 10 grams) MCX silver rate(999 Fine per 10 grams) Gold bullion rate(24 carat per 10 grams) Silver bullion rate(999 Fine per kg) Kolkata ₹ 97,460 ₹ 1,115.2 ₹ 97,410 ₹ 111,330 Mumbai ₹ 97,580 ₹ 1,114.5 ₹ 97,530 111,470 Hyderabad ₹ 97,740 ₹ 1,116.2 ₹ 97,690 ₹ 111,650 New Delhi ₹ 97,420 ₹ 1,112.5 ₹ 97,370 ₹ 111,280 Chennai ₹ 97,870 ₹ 1,120 ₹ 97,820 ₹ 111,800 Bengaluru ₹ 97,660 ₹ 1,115.3 ₹ 97,610 ₹ 111,560 View All Prev Next Among the above cities, MCX and bullion gold prices stand highest in Chennai and lowest in New Delhi. As of 11.12 am on July 16 IST, MCX quoted silver rates at ₹1,11,466 per kilogram, indicating a 0.02 per cent drop from yesterday. The bullion rate of the white metal is ₹1,11,620 per kilogram at 11.13 am on Jul 16, IST, standing at a 0.07 per cent lower slab to yesterday's close.
Hindustan Times
5 days ago
- Business
- Hindustan Times
Gold price today: Rates dip after four day surge, check live prices in your city
After a continuous surge for four days, gold prices today have stepped down a bit, with the Multi Commodity Exchange of India Ltd (MCX) quoting ₹97,969 for 10 grams of 24-carat gold, and ₹89,824 for 10 grams of 22-carat-gold as of 9.33 am IST. Amid ongoing trade talks between India and USA, price of the yellow metal dipped after four days of surge.(Pixabay/ representational) The bullion rate of the yellow metal stands at ₹90,145 for 22-carat gold and ₹98,340 for 24-carat gold per 10 grams, marking a 0.17 per cent increase from yesterday's close. Meanwhile, as of 10.06 am on July 15 IST, MCX quoted silver rates at ₹1,12,400 per kilogram, indicating a 0.47 per cent drop from yesterday. The bullion rate of the white metal is ₹1,12,570 per kilogram at 10.05 am on Jul 15, IST, reflecting a 0.45 per cent drop from the previous close. The undulation in the price graphs of the precious metals come amid a delegation from India's Commerce and Industry Ministry, arriving in Washington yesterday. The delegation reportedly aims to conclude the first phase of the trade talks between India and America ahead of US President Donald Trump's revised reciprocal tariff deadline of Aug 1, 2025. The negotiations regarding the interim bilateral trade agreement between India and the USA are scheduled to commence on Monday, making way for several sessions that are planned for over a period of four days, said a news agency ANI report. Here are the gold rates for July 15, 2025, in India's major cities Indian cities MCX gold rate(24 carat per 10 grams) MCX silver rate(999 Fine per 10 grams) Gold bullion rate(24 carat per 10 grams) Silver bullion rate(999 Fine per kg) Kolkata ₹ 97,860 ₹ 1,127.3 ₹ 98,030 ₹ 112,210 Mumbai ₹ 97,990 ₹ 1,128.8 ₹ 98,160 ₹ 112,360 Hyderabad ₹ 98,150 ₹ 1,130.6 ₹ 98,350 ₹ 112,530 New Delhi ₹ 97,820 ₹ 1,126.8 ₹ 98,030 ₹ 112,160 Chennai ₹ 98,280 ₹ 1,132.1 ₹ 98,480 ₹ 112,680 Bengaluru ₹ 98,070 ₹ 1,129.7 ₹ 98,270 ₹ 112,440 View All Prev Next Among the above cities, MCX and bullion gold prices stand highest in Chennai and lowest in New Delhi.
Hindustan Times
09-07-2025
- Business
- Hindustan Times
Gold price today: Rates inch down again, check citywise prices
After a slight surge on Tuesday, gold prices have inched down again on Wednesday with the Multi Commodity Exchange of India Ltd (MCX) opening at 0.31 per cent lower, quoting ₹96,290 for every 10 grams of 24 carat and ₹90,556.28 for 10 grams of 22 carat of the metal at 9.55 am. Price of the precious yellow metal has come down today after a slight hike in the last close.(Pixabay/representational) Today, the bullion rates for the yellow metal stands at ₹88,495 for 22-carat gold and ₹96,540 for 24-carat gold for every 10 grams, which is 0.26 percent lower to yesterday's close. Gold rates for July 9 in major Indian cities Indian cities MCX gold rate(24 carat per 10 grams) MCX silver rate(999 Fine per 10 grams) Gold bullion rate(24 carat per 10 grams) Silver bullion rate(999 Fine per kg) Kolkata ₹ 96,490 ₹ 1,077.8 ₹ 96,310 ₹ 107,690 Mumbai ₹ 96,610 ₹ 1,079.2 ₹ 96,430 ₹ 107,830 Hyderabad ₹ 96,770 ₹ 1,080.9 ₹ 96,600 ₹ 108,060 New Delhi ₹ 96,450 ₹ 1,077.4 ₹ 96,270 ₹ 107,650 Chennai ₹ 96,890 ₹ 1,082.4 ₹ 96,730 ₹ 108,210 Bengaluru ₹ 96,690 ₹ 1,080.1 ₹ 96,520 ₹ 107,980 View All Prev Next Among the above cities, MCX and bullion gold prices stand highest in Chennai and lowest in New Delhi As of 9.32 am on July 9 IST, MCX quoted silver rates at ₹108,027 per kilogram, while the bullion rate of the white metal is ₹108,110 per kilogram at 9.34 am on Jul 9, IST, reflecting a 0.01 per cent drop from yesterday's close. Meanwhile, US President Donald Trump sent out the first batch of tariff letters to fourteen countries on Monday, with rates as high as 40 per cent for Myanmar and Laos. Trump also signed an executive order on Monday extending the pause on a separate group of reciprocal tariffs, delaying trade talks until at least August 1, though he admitted the date might still be flexible. 'I would say firm, but not 100% firm,' he said. White House Press Secretary Karoline Leavitt, also confirmed that more letters are expected to be issued later this week.
Business Upturn
08-07-2025
- Business
- Business Upturn
MCX to launch India's first Electricity Futures after SEBI approval
The Multi Commodity Exchange of India Ltd. (MCX), India's largest commodity derivatives exchange and the world's leading commodity options exchange (FIA, 2024), is set to launch Electricity Futures Contracts on Thursday, July 10, 2025. The move follows the Securities and Exchange Board of India's (SEBI) recent approval in June 2025 and marks a major step toward deepening India's energy derivatives market. This new electricity derivative will offer a vital hedging tool to power generators, distribution companies (discoms), large industrial users, and financial market participants. Amid rising electricity demand, volatile fuel prices, and evolving energy market dynamics, MCX sees this launch as timely and essential for risk management and price discovery. The Electricity Futures Contract will: Be traded in 50 MWh lots Be quoted in INR per MWh (excluding taxes and levies) Be available for all 12 calendar months, with trading initially open for the near four months Be cash settled based on the Volume Weighted Average of the Unconstrained Market Clearing Price (UMCP) in the Day Ahead Market (DAM) at Indian Energy Exchange (IEX) SEBI's Daily Price Limits (DPL) will apply, starting at 6% and extendable to 9%. Margins are set at a minimum of 10% or volatility-based VaR, whichever is higher. Client-level open positions are capped at 3 lakh MWh or 5% of total market-wide open interest—whichever is higher. The introduction of electricity futures is expected to bring greater liquidity, transparency, and depth to India's evolving power market, while also offering investors a new avenue for portfolio diversification. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Hindustan Times
03-07-2025
- Business
- Hindustan Times
Gold rate today: Price of vital metal fall for 2nd straight day
A day after decline, gold prices today, July 3, further tapered with the Multi Commodity Exchange of India Ltd (MCX) gold index quoting ₹ 97,480 for 10 grams of 24-carat gold as of 11 IST. Gold rates in the country come amid US President Donald Trump recently announcing that a trade deal between USA and India(Unsplash/representational) The bullion rate stands at ₹ 89,613 for 22-carat gold and ₹ 97,850 for 24-carat gold per 10 grams, marking a 0.040 per cent increase from Wednesday. These rate fluctuations come amid US President Donald Trump recently announcing that a trade deal between the US and India will be finalized soon, with a focus on reducing tariffs. As the July 9 deadline for Trump's suspension of country-specific reciprocal tariffs approaches, the US and India are preparing to hold negotiation talks. Gold rates today in major cities Gold and silver prices in Kolkata Gold bullion rate: ₹ 97,430 / 10 gm MCX gold rate: ₹ 97,070 / 10 gm Silver bullion rate: ₹ 107,170 / kg MCX Silver 999 rate: ₹ 1,200 / 10 gm Gold and silver prices in Mumbai Gold bullion rate: ₹ 97,590 / 10 gm MCX gold rate: ₹ 96,020 / 10 gm Silver bullion rate: ₹ 107,380 / kg MCX Silver 999 rate: ₹ 1,200 / 10 gm Gold and silver prices in Hyderabad Gold bullion rate: ₹ 97,750 / 10 gm MCX gold rate: ₹ 95,180 / 10 gm Silver bullion rate: ₹ 107,520 / kg MCX Silver 999 rate: ₹ 1,200 / 10 gm Gold and silver prices in New Delhi Gold bullion rate: ₹ 97,400 / 10 gm MCX gold rate: ₹ 96,230 / 10 gm Silver bullion rate: ₹ 107,010 / kg MCX Silver 999 rate: ₹ 1,200 / 10 gm Gold and silver prices in Chennai Gold bullion rate: ₹ 97,860 / 10 gm MCX gold rate: ₹ 95,180 / 10 gm Silver bullion rate: ₹ 107,510 / kg MCX Silver 999 rate: ₹ 1,200 / 10 gm Gold and silver prices in Bengaluru Gold bullion rate: ₹ 97,660 / 10 gm MCX gold rate: ₹ 96,390 / 10 gm Silver bullion rate: ₹ 107,290 / kg MCX Silver 999 rate: ₹ 1,200 / 10 gm Among the cities, MCX gold prices are highest in Bengaluru and lowest in Hyderabad and Chennai. Bullion rates, meanwhile, are highest in Chennai and lowest in New Delhi. As of 10:40 am, MCX silver is quoted at ₹ 106,500, while the bullion rate stands at ₹ 107,310 per kilogram, reflecting a 0.270 per cent drop from the previous day.
