MCX Gold & Spot Bullion Review: Global Macros & Festive Jewellery Demand Support Physical Rates
Todaybhav Precious Metals Desk
5 Nov 2026 · 4 min read
Listen to report00:00 / 02:40
Domestic 24K and 22K gold rates hold strong across major Indian jewellery hubs. Key drivers include central bank gold acquisitions, import tariff revisions, and steady consumer physical demand.
| Origin | Product | Purity / Spec | Term | Current Price | Prev Price |
|---|---|---|---|---|---|
| India (Mumbai) | Fine Gold 999 (24 Karat) | LBMA / BIS Hallmarked Bar | Wholesale | ₹78,450 / 10g | ₹78,200 / 10g |
| India (Delhi) | Jewellery Gold (22 Karat) | 916 Purity Hallmark | Retail | ₹71,910 / 10g | ₹71,680 / 10g |
| India (National) | Silver Bar 999 Fine | Industrial & Investment Grade | Wholesale | ₹97,800 / kg | ₹98,240 / kg |
| Global (London) | LBMA Gold Spot | Troy Ounce USD | Spot APMC | $2,735 / oz | $2,728 / oz |
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Domestic Bullion Trends & Premium Disparity
Physical retail gold demand across Delhi Kucha Mahajani, Mumbai Zaveri Bazaar, and Chennai Sowcarpet has remained robust following the festive push, with jewellers reporting active advance bookings for the impending winter wedding season.
Customs duty rationalization introduced earlier this year continues to minimize grey-market premiums, ensuring that domestic spot quotations mirror international spot movements with greater transparency.
30-Day Benchmark Trend
MCX Gold & Spot Bullion Review: Global Macros & Festive Jewellery Demand Support Physical Rates
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