Tag: MCX

  • MCX Gold Holds Steady at Rs.1,52,795 as Oil Prices Decline and Fed Rate Outlook Shifts

    MCX Gold Holds Steady at Rs.1,52,795 as Oil Prices Decline and Fed Rate Outlook Shifts

    Market Overview

    On September 23, MCX gold futures traded slightly higher, with October contracts rising 0.05% to Rs.1,52,795 per 10 grams. This modest gain came as oil prices continued their decline, reducing expectations of further interest-rate hikes by the Federal Reserve. September silver futures also advanced 0.47% to Rs.2,41,025.

    Oil Price Movement

    Brent crude futures fell 1.10% to USD98.16 per barrel, while US West Texas Intermediate (WTI) edged lower by 1.67% to USD89.01 per barrel.

    Domestic Gold Prices

    In India, 24K gold rose by Rs.87 to Rs.1,54,200 per 10 grams, and 22K gold advanced by Rs.80 to Rs.1,41,350. By city, Mumbai and Kolkata both quoted at Rs.1,54,200, Delhi at Rs.1,54,350, and Chennai at Rs.1,54,200.

    US Gold Prices

    US gold prices fell on Tuesday under pressure from hawkish Federal Reserve signals, reinforcing expectations of higher rates for longer. Spot gold declined 0.32% to USD4,344.51 per ounce, while US gold futures rose 0.12% to USD4,381.55. Other precious metals also slipped: spot silver fell 0.49% to USD66.68 per ounce, platinum dipped 0.89% to USD1,819.12, and palladium declined 0.68% at USD1,303.40 per ounce.

    Analst Views and Key Levels

    Standard Chartered highlighted firm demand, while Goldman Sachs retained its end-2027 gold forecast at USD5,400 per ounce, noting that tighter policy may slow the rally rather than derail the longer-term trend. Goldman Sachs warned that three additional rate hikes could push gold toward USD4,070 before recovering toward USD4,200 by end-2026, supported by continued central-bank purchases.

    On the daily chart, XAU/USD trades near USD4,345, hovering between the 50-day and 100-day simple moving averages at USD4,307.31 and USD4,313.57. Immediate upside pressure is around USD4,390, making the near-term bias neutral. Downside support is seen at the short- and medium-term SMAs near USD4,313-USD4,307, ahead of the rising trend-line base near USD3,999. A daily close above USD4,390 would be required for bulls to regain control.

  • Gold Drops 1.11% on MCX After Fed Rate Hike; Brent Crude Holds Near $106

    Gold Drops 1.11% on MCX After Fed Rate Hike; Brent Crude Holds Near $106

    Gold prices on the Multi Commodity Exchange (MCX) declined sharply on September 17, following the US Federal Reserve’s decision to raise interest rates by 25 basis points to a range of 3.75%–4%. The move, driven by persistent inflation and elevated energy costs, pushed October gold futures down 1.11% to Rs. 1,50,778 per 10 grams. Silver also weakened, with September futures falling 1.19% to Rs. 2,31,982.

    Meanwhile, global crude oil benchmarks showed mixed movement. Brent crude futures edged up 0.03% to USD 105.9 per barrel, while US West Texas Intermediate (WTI) slipped 0.05% to USD 104.4 per barrel.

    Domestic Gold Prices by Purity and City

    In the Indian market, 24-karat gold dropped by Rs. 60 to Rs. 1,52,840 per 10 grams, and 22-karat gold declined by Rs. 55 to Rs. 1,40,100. Prices varied slightly across major cities:

    • Mumbai: Rs. 1,52,840
    • Kolkata: Rs. 1,52,840
    • Delhi: Rs. 1,52,990
    • Chennai: Rs. 1,52,840

    US Gold and Precious Metals Overview

    In international markets, spot gold rose more than 1% to USD 4,310.49 per ounce as investors weighed the Fed’s hawkish stance and potential for further tightening. US gold futures for December delivery were down roughly 1% at USD 4,348.70. Spot silver gained 1.4% to USD 63.83, platinum firmed 1.6% to USD 1,780.55, and palladium climbed 2% to USD 1,295.

    Key Levels and Analyst Outlook

    Kelvin Wong, senior market analyst at OANDA, noted that oil prices remain a crucial factor for gold. “If oil prices continue to decline, that could support gold prices moving higher, at least from a medium-term perspective. Until that materializes, I expect gold to remain range-bound,” he said. Wong added that the current uptick in gold is largely technical, with the Fed’s hawkish message already priced in.

    On the MCX, gold is under short covering with open interest declining 4.15% to 8,818. Support is placed at Rs. 1,51,630, with a break below opening Rs. 1,50,790, while resistance is seen at Rs. 1,53,130, above which prices could test Rs. 1,53,790.

    Internationally, gold shows a bearish near-term bias below USD 4,315–USD 4,320. This zone acts as a key pivot; above it, the metal could target the 38.2% Fibonacci level near USD 4,404 and the 23.6% retracement at USD 4,513. On the downside, immediate support is at the 61.8% Fibonacci retracement of USD 4,226, followed by the 78.6% level at USD 4,100.

  • MCX Gold Prices Slide 0.12% to ₹1,53,950 as Oil Rises and US Inflation Data Looms

    MCX Gold Prices Slide 0.12% to ₹1,53,950 as Oil Rises and US Inflation Data Looms

    Gold futures on the Multi Commodity Exchange (MCX) edged lower on Wednesday, September 10, as market participants adopted a cautious stance ahead of key US inflation data and the Federal Reserve’s upcoming policy decision. The October gold contract fell 0.12% to ₹1,53,950 per 10 grams, while September silver futures declined 0.34% to ₹2,43,375.

    In the energy markets, Brent crude futures slipped 0.16% to $101 per barrel, while US West Texas Intermediate (WTI) edged up 0.06% to $96.11 per barrel. Rising oil prices often fuel inflation concerns, adding to the uncertainty surrounding gold’s short-term direction.

    According to the CME FedWatch Tool, markets are currently pricing in a 39.8% probability that the Fed will hold rates steady in September and a 60.2% chance of a rate hike. Higher interest rates typically weigh on gold, a non-yielding asset.

    Domestic Gold Prices

    Despite the dip in futures, spot gold prices in India moved higher. 24K gold rose by ₹120 to ₹1,55,510 per 10 grams, and 22K gold advanced by ₹110 to ₹1,42,550. Regionally, Mumbai and Kolkata quoted 24K gold at ₹1,55,510, Delhi at ₹1,55,660, and Chennai at ₹1,55,510.

    US Gold Prices

    In international markets, spot gold traded 0.3% higher at $4,412.84 per ounce, supported by a softer dollar. However, US gold futures for December delivery edged 0.1% lower to $4,457.10. Spot silver rose 0.2% to $67.42 per ounce, platinum fell 0.6% to $1,885.02, and palladium gained 0.2% to $1,355.50.

    “For now, the geopolitical developments in the Persian Gulf are of secondary importance to gold. Gold instead is teeing off on a weaker dollar, which notably is not moving up despite the fact that US rates are going higher,” said Edward Meir, analyst at Marex.

    Daniel Hynes, senior commodities strategist at ANZ, noted that gold is supported “as US fiscal pressures continue to undermine confidence in the long-term value of government debt and the currency used to finance it.”

    Key Levels to Watch

    On MCX, gold has support at ₹1,52,500 and ₹1,51,650, while resistance is seen at ₹1,54,400 and ₹1,55,500. For silver, support lies at ₹2,41,400 and ₹2,39,100, with resistance at ₹2,45,800 and ₹2,48,000.

  • Gold Prices Edge Higher on MCX as Crude Oil Plunges Over 5%; Key Levels to Watch

    Gold Prices Edge Higher on MCX as Crude Oil Plunges Over 5%; Key Levels to Watch

    Gold futures traded higher on the Multi Commodity Exchange (MCX) on August 3, supported by a declining US dollar and a sharp drop in crude oil prices after US President Donald Trump confirmed that talks with Iran would take place on Monday. August gold futures rose 0.28% to Rs. 1,43,780 per 10 grams, while September silver futures advanced 0.89% to Rs. 2,19,124. Meanwhile, Brent crude futures fell 5.05% to $83.49 per barrel, and US West Texas Intermediate (WTI) declined 5.76% to $79.79 per barrel.

    Domestic Gold Prices

    In the domestic market, 24K gold was trading at Rs. 1,44,220 per 10 grams, while 22K gold stood at Rs. 1,32,200. Regionally, Mumbai and Kolkata quoted gold at Rs. 1,44,600, Delhi at Rs. 1,44,370, and Chennai at Rs. 1,44,550.

    US Gold Prices

    Gold prices in the US rose on Monday as oil prices fell after President Trump refrained from fresh attacks on Iran in hopes of a swift deal. Spot gold edged up 0.4% to $4,055.76 per ounce, while US gold futures gained 0.9% to $4,054. Spot silver rose 1.4% to $58.46, platinum climbed 0.5% to $1,650.63, and palladium firmed 1.6% to $1,293.50.

    Key Levels to Watch

    “Gold has made a relatively cheery start to the week, but gains remain limited given the uncertainty around the oil markets and the Middle East, so it’s an upbeat but guarded start for the metal,” said Tim Waterer, chief market analyst at KCM Trade. He added that any renewed escalation in the Middle East pushing oil higher, or a strong Non-Farm Payrolls (NFP) print that reinforces September rate-hike odds, could cap the upside.

    International support and resistance: Gold has support at $4,014 and $3,980 per troy ounce, with resistance at $4,074 and $4,110. Silver support is at $56.80 and $56.30, with resistance at $59.40 and $60.

    On MCX: Gold support is at Rs. 1,42,750 and Rs. 1,42,200, with resistance at Rs. 1,44,000 and Rs. 1,44,550. Silver support is at Rs. 2,15,500 and Rs. 2,14,000, with resistance at Rs. 2,19,000 and Rs. 2,20,500.

  • Gold Price Today: MCX Gold Falls 0.57% to Rs 1,42,413 as Profit Booking and Stronger Dollar Weigh

    Gold Price Today: MCX Gold Falls 0.57% to Rs 1,42,413 as Profit Booking and Stronger Dollar Weigh

    Gold prices on the Multi Commodity Exchange (MCX) declined on July 31, as profit booking and a stronger US dollar weighed on the precious metal. August gold futures fell 0.57% to Rs 1,42,413 per 10 grams. September silver futures also declined by 0.53% to Rs 2,18,805.

    In the international market, spot gold dropped 0.6% to $4,076.53 per ounce, while US gold futures for August delivery lost 0.4% to $4,074.20. Spot silver fell 0.8% to $58.48 per ounce, platinum slid 1.7% to $1,631.77, and palladium declined 0.8% to $1,294.

    Crude oil prices also edged lower, with Brent crude futures falling 0.98% to $88.16 per barrel and US West Texas Intermediate (WTI) declining 1.47% to $82.36 per barrel.

    According to the CME FedWatch Tool, traders now see a 63% probability of a rate hike by the US Federal Reserve in September. This expectation, combined with a stronger dollar and escalating tensions in the Middle East, has injected volatility into the precious metals market.

    Despite the daily decline, gold has found support around the $4,000 level, attracting buyers on dips. “Gold is showing a mild negative bias today amid profit-taking and a moderate bounce in the US dollar, following the metal’s gains yesterday,” said Tim Waterer, chief market analyst at KCM Trade. He added that gold has had a better run this month, with key support near $4,000.

    Key Levels to Watch

    Internationally, gold has support at $4,064 and $4,020, with resistance at $4,120 and $4,155 per troy ounce. Silver has support at $58.20 and $57.70, with resistance at $59.80 and $60.60 per troy ounce.

    On MCX, gold has support at Rs 1,42,400 and Rs 1,41,750, with resistance at Rs 1,44,000 and Rs 1,45,100. Silver has support at Rs 2,17,700 and Rs 2,16,000, with resistance at Rs 2,22,200 and Rs 2,24,500.

    Domestic and US Gold Prices

    In India, 24K gold rose by Rs 27 to Rs 1,44,600 per 10 grams, while 22K gold advanced by Rs 25 to Rs 1,32,550. Prices in Mumbai and Kolkata were at Rs 1,44,600, Delhi at Rs 1,44,750, and Chennai at Rs 1,44,600.

    US gold prices found support from bargain buying near the $4,000 level, as investors weighed Middle East developments and their impact on the US rate outlook.

  • Gold Prices Inch Higher on MCX as Fed Holds Rates; Brent Crude Slips Below $90

    Gold Prices Inch Higher on MCX as Fed Holds Rates; Brent Crude Slips Below $90

    Gold futures traded higher on the Multi Commodity Exchange (MCX) on July 30, despite a stronger U.S. dollar and rising 10-year Treasury yields, after the U.S. Federal Reserve decided to keep interest rates unchanged. August gold futures rose 0.26% to Rs 1,42,150 per 10 grams. In contrast, September silver futures declined 0.59% to Rs 2,16,200, while Brent crude futures fell 1.14% to $89.71 per barrel. U.S. West Texas Intermediate (WTI) crude also edged lower by 0.81% to $83.78 per barrel.

    According to the CME FedWatch Tool, market expectations for a September rate hike dropped to 63% from 81% before the Fed’s policy decision, reflecting a shift in sentiment after the central bank’s announcement.

    Domestic Gold Prices

    In the domestic spot market, 24-karat gold rose by Rs 82 to Rs 1,44,330 per 10 grams, while 22-karat gold advanced by Rs 75 to Rs 1,32,300. Prices remained consistent across major cities: Mumbai and Kolkata quoted Rs 1,44,330, Delhi Rs 1,44,480, and Chennai Rs 1,44,330.

    U.S. Gold Prices

    In the international market, gold prices edged higher on Thursday as investors assessed comments from Federal Reserve Chairman Kevin Warsh on inflation following the rate hold. Spot gold gained 0.3% to $4,076.29 per ounce, while U.S. gold futures for August delivery rose 1% to $4,073.60. Spot silver added 0.4% to $57.86 per ounce, palladium climbed 1.5% to $1,264.49, and platinum dipped 0.6% to $1,602.34.

    Key Levels to Watch

    Analysts noted that gold’s upward momentum was supported by a perceived lack of urgency from the Fed to raise rates. “I think the markets were surprised, and somewhat disappointed by Warsh and his general approach. He seemed kind of disengaged from the need to raise interest rates,” said Edward Meir, analyst at Marex. “The markets have gone up to fight inflation, but he doesn’t seem to be doing much, and so this has helped gold go up.”

    On MCX, gold is expected to find support at Rs 1,41,100 and Rs 1,40,400, with resistance at Rs 1,42,650 and Rs 1,43,300. Silver has support at Rs 2,15,500 and Rs 2,13,300, and resistance at Rs 2,20,000 and Rs 2,23,100.

  • Gold Prices Today: Yellow Metal Nears Rs 1.45 Lakh, Silver Tops Rs 2.25 Lakh

    Gold Prices Today: Yellow Metal Nears Rs 1.45 Lakh, Silver Tops Rs 2.25 Lakh

    Gold and silver prices opened higher across India’s retail and futures markets on Monday, tracking gains in global bullion amid renewed safe-haven demand. Retail rates for both 24-karat and 22-karat gold edged up across major cities, while silver also advanced in the domestic market.

    On the MCX, gold futures rose 0.51% to Rs 144,520 per 10 grams, and silver futures gained 1.01% to Rs 225,120 per kg at around 9:07 a.m.

    The domestic rally mirrored strong global developments, whereby the price of spot gold rose by 1.4% to reach $4,110.56 per ounce and that of US gold futures increased by 1% to reach $4,112.10 per ounce by 0200 GMT.

    The rally came amid reduced fears of rising inflation amid falling oil prices owing to the slight easing of tensions in the Middle East region before the Fed’s rate decision.

    A 0.3% decline in the US dollar index also made gold more affordable for overseas buyers, lending further support to bullion prices.

    City-Wise Gold Prices Today (July 27, 2026)

    Gold rates varied slightly across major Indian cities. In Delhi, 24K gold was priced at Rs 1,44,870 per 10 grams, while 22K gold stood at Rs 1,32,800. Mumbai saw 24K gold at Rs 1,44,720 and 22K at Rs 1,32,660. In Chennai, 24K gold was at Rs 1,45,020 and 22K at Rs 1,32,940. Kolkata recorded 24K gold at Rs 1,44,770 and 22K at Rs 1,32,710.

    Silver Rises on Strong Global Bullion Momentum

    Silver prices in India remained firm on July 27, tracking gains in the global bullion market. According to Goodreturns, 999-purity silver in Hyderabad was priced at around Rs 2,24,820 per kg, reflecting sustained domestic demand and positive international cues. The metal continued to attract investor interest alongside rising gold prices.

    Gold Price Trend Analysis in 2026

    Gold has delivered a strong performance in India throughout 2026, even after retreating from record highs. MCX gold averaged Rs 1,51,108 per 10 grams in the first quarter, marking a 20% rise from the previous quarter and an 81% jump year-on-year, according to the World Gold Council.

    Subsequently, the prices dropped to levels of around Rs 1.41 lakh in June, only to recover back to nearly Rs 1.45 lakh per 10 grams by end of July.

    Overall demand for gold in India increased by 10% during the first quarter, totaling 151 tonnes, with investment demand shooting up by 54%, touching 82 tonnes.

    Moving ahead, experts expect volatility in prices, where global events, actions of the US Fed, and movements in the rupee vis-a-vis the dollar will trigger the next phase of profits.

    What’s Next for Gold Prices?

    Gold prices remain well-supported despite recent volatility, reflecting investors’ continued preference for safe-haven assets amid global uncertainty.

    With the US Federal Reserve’s policy decision, geopolitical developments, and movements in the US dollar likely to dictate the next leg of the rally, bullion prices may continue to fluctuate in the near term.

    For buyers, monitoring daily price movements and broader market cues will be key before making fresh investment or jewellery purchases.

  • Gold Prices Surge 1.07% on MCX to Rs 1,44,408 as Middle East Tensions Boost Brent Crude Above $92

    Gold Prices Surge 1.07% on MCX to Rs 1,44,408 as Middle East Tensions Boost Brent Crude Above $92

    Gold futures on the Multi Commodity Exchange (MCX) climbed sharply on July 22, tracking a positive global trend and rising crude oil prices driven by escalating US-Iran tensions. The August gold contract rose by 1.07% to settle at Rs 1,44,408 per 10 grams, while September silver futures gained 0.94% to Rs 2,25,886.

    In the international oil market, Brent crude futures advanced 1.20% to $92.10 per barrel, and US West Texas Intermediate (WTI) edged up 1.08% to $85.25 per barrel. The rally in oil prices was fueled by geopolitical uncertainty in the Middle East, which also supported safe-haven demand for gold.

    Domestic Gold Prices

    In the Indian physical market, 24K gold rose by Rs 229 to Rs 1,46,510 per 10 grams, while 22K gold increased by Rs 210 to Rs 1,34,300. Regional prices were largely uniform: Mumbai and Kolkata quoted Rs 1,46,510, Delhi Rs 1,46,560, and Chennai Rs 1,46,510.

    US Gold Prices

    In the US markets, spot gold hit a two-week high, climbing 1.6% to $4,139.64 per ounce. August gold futures jumped 1.7% to $4,144.20. The rally was attributed to technical buying and heightened uncertainty over the widening Middle East conflict, as traders awaited the US Federal Reserve meeting scheduled for next week. According to the CME FedWatch Tool, the probability of a September rate hike now stands at 64%.

    Spot silver rose 1.9% to $59.87 per ounce, platinum gained 2.4% to $1,667.22, and palladium advanced 3% to $1,320.75.

    Key Levels and Analyst Outlook

    “Buyers have been stepping in seeking a value play after the recent pullback, while hopes for diplomatic progress between the US and Iran are also assisting price moves,” said Tim Waterer, chief market analyst at KCM Trade.

    On the MCX, gold is seen with support at Rs 1,42,000 and Rs 1,41,400, while resistance is at Rs 1,44,000 and Rs 1,45,500. Silver has support at Rs 2,21,600 and Rs 2,18,800, with resistance at Rs 2,26,000 and Rs 2,28,800.

    Manoj Kumar Jain of Prithvi Finmart Commodity Research advised traders to trail stop losses in long positions and book profits around Rs 1,44,400–Rs 1,45,500 for gold and Rs 2,27,000–Rs 2,30,000 for silver.

  • MCX Gold Rises 0.65% to ₹1,42,300 as Brent Crude Drops Below $90

    MCX Gold Rises 0.65% to ₹1,42,300 as Brent Crude Drops Below $90

    Gold prices on the Multi Commodity Exchange (MCX) climbed on July 21, driven by a decline in crude oil prices and reports of diplomatic efforts to de-escalate tensions in the Middle East. August gold futures rose 0.65% to ₹1,42,300 per 10 grams, while September silver futures gained 1.09% to ₹2,20,775.

    Brent crude oil futures fell 0.80% to $88.51 per barrel, slipping below the $90 mark. West Texas Intermediate (WTI) crude edged down 0.46% to $82.10 per barrel. The drop in oil prices eased inflation concerns, supporting demand for gold as a safe-haven asset.

    According to the CME FedWatch Tool, traders now see a 64% probability of a September rate hike by the US Federal Reserve. This expectation continues to influence precious metals markets.

    Domestic Gold Prices

    In India, 24K gold rose by ₹76 to ₹1,44,220 per 10 grams, while 22K gold advanced by ₹70 to ₹1,32,200. Prices remained largely uniform across major cities: Mumbai and Kolkata quoted ₹1,44,220 for 24K gold, Delhi ₹1,44,370, and Chennai ₹1,44,220.

    US Gold Prices

    In international markets, spot gold climbed 0.9% to $4,042.69 per ounce, and US gold futures for August delivery rose 0.8% to $4,047.40. The gains came as investors assessed diplomatic efforts to ease US-Iran tensions, which could reduce oil-driven inflation risks.

    Spot silver gained 2.2% to $57.67 per ounce, platinum rose 0.8% to $1,607.20, and palladium gained 0.8% to $1,263.73.

    Key Levels to Watch

    “It looks like gold is trying to find a base somewhere around this $4,000 level and is going to try to re-engage the upside from there,” said Ilya Spivak, head of global macro at Tastylive. “These headlines from the Middle East seem to have some degree of knock-on, though it is increasingly only being paid attention to in a passing kind of way.”

    Internationally, gold has support at $3,989 and $3,945, with resistance at $4,040 and $4,074 per troy ounce. Silver has support at $56.20 and $55.50, with resistance at $57.70 and $58.50 per troy ounce.

    On the MCX, gold has support at ₹1,40,850 and ₹1,40,400, with resistance at ₹1,42,000 and ₹1,43,650. Silver has support at ₹2,16,000 and ₹2,14,400, with resistance at ₹2,20,000 and ₹2,23,100.

  • MCX Gold Edges Higher on Value Buying; Brent Crude Pushes Past $90

    MCX Gold Edges Higher on Value Buying; Brent Crude Pushes Past $90

    Gold prices edged higher on the Multi Commodity Exchange (MCX) on July 20, supported by value buying as the US dollar softened, while Brent crude oil surged past the $90-per-barrel threshold, intensifying expectations that the Federal Reserve will raise interest rates again before year-end.

    August gold futures on MCX rose 0.32% to ₹1,41,039 per 10 grams, while September silver futures gained 1% to ₹2,18,560. Meanwhile, Brent crude futures climbed 2.62% to $90.41 per barrel, and US West Texas Intermediate (WTI) advanced 2.39% to $84.36 per barrel.

    According to the CME FedWatch Tool, traders now see an 82% probability of a rate hike in December, up from 73% last week.

    Domestic Gold Prices

    In India, 24K gold rose by ₹17 to ₹1,43,460 per 10 grams, while 22K gold climbed ₹15 to ₹1,31,500. City-wise, Mumbai and Kolkata both quoted ₹1,43,460, Delhi ₹1,43,610, and Chennai ₹1,43,460.

    US Gold Prices

    In the international market, spot gold slipped 0.1% to $4,014.53 per ounce as escalating Middle East tensions pushed Brent crude above $90, stoking inflation fears. US gold futures for August delivery were steady at $4,019.80. Spot silver gained 1.9% to $56.95 per ounce, platinum rose 0.5% to $1,599.97, and palladium eased 0.2% to $1,244.50.

    “Weekend escalations increase the risk of a full-scale offensive by both sides, which potentially threatens gold prices as the opportunity cost for holding the metal gets higher if this ongoing stagflation fear takes hold,” said Kelvin Wong, senior market analyst at OANDA.

    Key Levels to Watch

    International: Gold has support at $3,989 and $3,945, with resistance at $4,040 and $4,074 per troy ounce. Silver support is at $55.50 and $54.40, resistance at $57.50 and $58.80.

    On MCX: Gold has support at ₹1,40,400 and ₹1,39,650, and resistance at ₹1,41,500 and ₹1,42,200. Silver support is at ₹2,14,400 and ₹2,11,000, with resistance at ₹2,18,800 and ₹2,21,000.