Gold above Rs 1,47,000, silver near Rs 2.10 lakh on eve of Dussehra

Gold and silver prices in India are in focus on Tuesday, as the country celebrates Dussehra. The Multi Commodity Exchange (MCX) remains closed during the morning session due to the festive holiday, with trading in gold, silver and other commodities scheduled to resume at 5 p.m.

In the previous session on Monday, MCX gold futures for December delivery declined by Rs 618, or 0.42 per cent, to settle at Rs 1,47,300 per 10 grams.

Meanwhile, silver futures for December delivery



remained largely unchanged, closing at Rs 2,09,825 per kilogram.

According to bullion.co, 24-karat gold in Mumbai was priced at Rs 1,47,340 per 10 grams, while 22-karat gold stood at Rs 1,35,062 per 10 grams.

Despite recent fluctuations, precious metals have delivered strong returns over the past year. Gold prices in India have climbed more than 25 per cent since Dussehra last year, while silver has outperformed gold, generating returns of approximately 45 per cent over the same period.