Gold price in India was higher at Rs 88,400 per 10 grams as of 7:20 a.m. on March 18, according to the India Bullion Association.
The rates in New Delhi stood at Rs 88,090 per 10 grams, according to the association. The price in Mumbai was higher at Rs 88,240. In Kolkata, the rate stood lower at Rs 88,130. While in Bengaluru, the rate crossed Rs 88,310. With the price at Rs 88,500, Chennai continued to see the highest rate in the country.
The precious metal of 99.9% purity had settled at Rs 88,850 per 10 grams last week on March 12. On Feb. 20, the yellow metal of 99.9% and 99.5% purity inched up by Rs 50 to hit an all-time high of Rs 89,450 and Rs 89,050 per 10 grams, respectively.
Global Rate Today
Global spot gold prices were at a record high of $3,004, according to the World Gold Council. Gold prices passed $3,000 an ounce for the first time ever on March 14, driven higher by a central bank buying spree, economic fragility worldwide.
President Donald Trump attempts to rewrite the rules of global trade by imposing tariffs on allies and strategic rivals.
Silver Rate
Silver price stood at Rs 1,00,700 as of 7:20 a.m., according to the India Bullion Association. Strong industrial demand for silver, fuelled by its importance in renewable energy technologies and electronics, has been driving the surge.
. Read more on Markets by NDTV Profit.With gold price at Rs 88,500, Chennai continued to see the highest rate in the country. Read MoreMarkets, Business, Notifications
NDTV Profit
