Gold Recovers Its Morning Drop in IBJA’s October 6 Benchmark
IBJA’s gold-999 PM benchmark was ₹148,473 per 10 grams on October 6, ₹275 above the previous PM rate. Purity and retail charges still change the buyer’s bill.
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IBJA’s gold-999 PM benchmark was ₹148,473 per 10 grams on October 6, ₹275 above the previous PM rate. Purity and retail charges still change the buyer’s bill.
IBJA’s October 6 silver-999 PM rate was ₹222,820 per kilogram. It recovered ₹1,839 from the AM reading but remained ₹1,337 below the previous PM benchmark.
Micro Gold and Silver futures saw higher September trading activity in CME's October 2 report. Contract counts are not evidence of a price rally or investor returns.
Silver 999 was ₹2,20,435 per kg in the PM sheet, down ₹1,165 from Tuesday evening. A kilogram benchmark is not a small-bar retail offer.
September 30 PM gold 999 was ₹1,47,888 per 10g: ₹221 above Tuesday PM but ₹491 below the morning benchmark. Purity changes the comparison.
Gold 999 rose ₹712 per 10 grams and silver ₹673 per kilogram against September 29 PM. Both remained below the September 25 PM benchmarks.
A per-kilogram silver quote cannot be compared directly with gold per 10 grams. A worked example explains the unit, purity and invoice checks that matter.
IBJA’s September 29 PM silver 999 reading was 0.65% below the previous PM benchmark. Buyers should distinguish the kilogram rate from a finished silver article’s price.
IBJA’s gold 999 PM benchmark fell ₹313 from September 28, while 916 gold stood at ₹1,35,263 per 10g. Neither figure is a finished-jewellery bill.
ICE’s delayed September 28 snapshot puts November Brent at $105.56 and December at $98.09 a barrel. The contract month matters as September 30 expiry approaches.
Brent’s reported September 22 finish at $99.25 puts the benchmark below $100, but currency moves, inventories and refining spreads shape the impact on Indian businesses.
Cotton No. 2 futures update: 83.78 US cents per pound, -0.83% against the displayed previous close, with contract, range and timestamp qualifications.
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