Domestic gold price was trading higher at Rs 95,440 on Monday as of 06:53 a.m., after it climbed to all time high on Thursday for second time.
The yellow metal’s price surged to Rs 96,450, trading Rs 2,000 higher at Rs 95,880 on April 17, according to the India Bullion Association.
Rates in New Delhi were hovering around Rs 95,100 per 10 grams, according to the association. The price in Mumbai was marginally higher than New Delhi’s rate at Rs 95,260. In Kolkata, the rate rose to Rs 95,140. While in Bengaluru, the rate was at Rs 95,340. With the price at Rs 95,540, Chennai continued to see the highest rate in the country.
The futures prices for the yellow metal on the Multi Commodity Exchange were trading marginally lower, as it fell 0.44% to trade lower at Rs 95,239 for the June 5 futures.
Gold Rates Today
Global spot gold prices rose to record high on Monday as they climbed 1.44% or $47 to trade at $3,374, according to the World Gold Council
The price of the yellow metal crossed $3,000 an ounce for the first time ever on March 14, since then it has been continuously hitting new highs.
Gold has been scaling new highs ever since US President Donald Trump’s tariffs pushed global markets down. But, Trump later paused tariffs for 90 days on non-retaliating countries.
Silver Price
Silver price also surged on Monday to trade at Rs 95,430 after it crossed the Rs 1 lakh-mark multiple times in the past couple of months, 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.Gold price in New Delhi was hovering around Rs 95,100 per 10 grams. Read MoreMarkets, Business, Notifications
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