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Repair common Windows errors and clear accumulated junk for a smoother, more stable PC - no reinstall needed.Free scan · no reinstall₹1.52 lakh is a plausible price scenario, not a verified price for 12 October 2026 or a forecast. The figure comes from MCX October 2026 gold futures reported at ₹1,52,171 per 10 grams on 18 September. The latest MCX market-activity snapshot available here is dated 9 October, so check a live quote before treating any figure or technical level as current.
What the dated prices show
These figures refer to different instruments and dates. An MCX futures contract is not the same as an indicative bullion rate or the price a customer pays for jewellery.
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| Market and instrument | Reported price | Date and qualification |
|---|---|---|
| MCX October 2026 gold futures | ₹1,52,171 per 10g | 18 September 2026; reported by The Economic Times. A historical contract-specific quote, not a 12 October price. |
| MCX December 2026 gold futures | ₹151,503 | MCX market-activity snapshot dated 9 October 2026. The supplied snapshot does not specify the unit alongside this figure. |
| MCX December 2026 silver futures | ₹225,820 | MCX market-activity snapshot dated 9 October 2026. The supplied snapshot does not specify the unit alongside this figure. |
| MCX September 2026 silver futures | ₹2,39,008 per kg | 18 September 2026; reported by The Economic Times. Historical contract-specific quote. |
| IBJA indicative fine gold rate (999) | ₹14,943 per gram | Displayed for 9 October 2026; excludes 3% GST and making charges. |
| IBJA indicative gold rate (22K) | ₹14,584 per gram | Displayed for 9 October 2026; excludes 3% GST and making charges. |
| IBJA indicative gold rate (20K) | ₹13,299 per gram | Displayed for 9 October 2026; excludes 3% GST and making charges. |
| IBJA indicative gold rate (18K) | ₹12,104 per gram | Displayed for 9 October 2026; excludes 3% GST and making charges. |
| IBJA indicative gold rate (14K) | ₹9,638 per gram | Displayed for 9 October 2026; excludes 3% GST and making charges. |
The supplied MCX homepage snapshot does not state a unit for its December contract figures, so do not infer one from the other quotes. For any comparison, check the exchange contract specification and quote screen as well as the timestamp.
Can gold reach ₹1.52 lakh?
It depends on which price you mean. The October futures quote was already above ₹1.52 lakh on 18 September, but that observation does not establish the price of a later contract, a current MCX quote, an international spot price, or a retail purchase on 12 October. The 9 October MCX snapshot puts December gold futures at ₹151,503, but the available evidence does not verify a 12 October price or indicate whether gold will rise from that level.
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For context, the World Gold Council reported that the LBMA Gold Price PM rose 13% in August 2026 to US$4,386 per ounce. It also reported a 12% increase in domestic gold to ₹158,854 per 10g that month. In September, prices fell 3.9% internationally and 4.6% domestically through the period covered by the Council’s report. Those monthly moves show how quickly the market can change; they are not a price target for October.
Key levels: historical reference, not a current trading map
The Economic Times reported the following MCX levels on 18 September, attributing them to Manoj Kumar Jain of Prithvi Finmart. They describe that session and should not be used as live support or resistance on 12 October without an updated chart and quote.
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| Contract | Support reported 18 September | Resistance reported 18 September |
|---|---|---|
| MCX gold | ₹1,51,650–₹1,50,500 | ₹1,53,800–₹1,55,000 |
| MCX silver | ₹2,36,000–₹2,33,300 | ₹2,40,400–₹2,43,000 |
The same 18 September report gave international spot gold as US$4,352.60 per ounce and spot silver as US$65.64 per ounce. These are dated spot observations, not current prices or MCX contract levels.
What could move Indian gold and silver
Dollar and interest rates
MCX identifies dollar and interest-rate movements and macroeconomic events as gold-market influences. The Economic Times’ 18 September commentary also highlighted the dollar, crude oil, global rate expectations and geopolitical developments as near-term factors. These can change the direction or strength of a move; none guarantees that gold will reach a particular rupee level.
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- ✔️Obverse: Lady Liberty holding a torch with an olive branch.
- ✔️Reverse: Portrait with an American bald eagle, a design by Jennie Norris in 2021.
- ✔️Each Gold Eagle is a sovereign monetized bullion coin fully guaranteed by the U.S. Mint.
Domestic demand, currency and supply
Indian prices reflect more than the international gold price: local-currency movements and domestic market conditions matter too. MCX also identifies hedging interest, above-ground supply, and Indian marriage and harvest seasonality among influences on the market.
The World Gold Council said domestic gold traded nearly 2% below import parity as of 11 September 2026, with a discount of US$78 per ounce. Its report cited local supply, exchange of old gold and unofficial supply in market feedback. That dated discount is evidence of a local-market condition at that time, not a standing discount or a forecast.
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- 99.99% Fine Gold; 24K
- Metal Content: 1 Troy Ounce
- Stock Photo; Image is indicative of quality
- Edge: Reeded ; Diameter: 32.70 mm; Thickness 2.95 mm
- You will receive a coin with a year date of our choice from 2006 – Present. Please kindly note that we are unable to accommodate specific year requests
Investment flows and trading activity
In August 2026, Indian gold ETF inflows rose 67% month over month to INR25.97bn (US$272mn), and holdings increased by 1.6 tonnes to 121.3 tonnes, according to the World Gold Council. On MCX, average daily gold futures turnover rose 38% month over month to INR295bn (US$3.1bn), while average daily volume rose 27% to 19 tonnes. The Council said both turnover and volume were still 48% below their January peak. These are August activity measures, not evidence of a guaranteed future price move.
How to check a quote without mixing up prices
- Identify the instrument: distinguish spot, a named MCX futures contract and a bullion benchmark from a retailer’s jewellery quote.
- Record the contract and timestamp: futures prices depend on delivery month, and a quote from 9 October is not a quote for 12 October.
- Check the unit and purity: note whether the figure is per gram, 10g, kilogram or troy ounce, and whether a retail gold rate is for 999, 22K or another purity.
- Separate the bill from the benchmark: IBJA’s displayed indicative rates exclude 3% GST and making charges; a finished jewellery bill includes costs beyond the quoted metal rate.
- Refresh technical levels: support and resistance depend on the instrument and session. The levels above are dated 18 September, not an updated map.
For a like-for-like gold and silver comparison, keep instrument, delivery month, unit, location, timestamp and tax or charge treatment explicit. A per-kilogram silver futures quote and a per-10-gram gold futures quote cannot be compared as though they were the same measure.
Quick Recap
Best Value
- Purity: .900 Fine Gold
- Metal Content: .1867 Troy Ounces
- Diameter: 21 mm; Thickness: 1.4 mm
- Stock Photo; Image is indicative of quality
- You will receive one coin per purchase
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
