Domestic gold prices gained on Friday as they surged Rs 2,000 to trade at at Rs 96,190 as of 07:14 a.m., according to the India Bullion Association.
Rates in New Delhi were hovering around Rs 95,850 per 10 grams, according to the association. The price in Mumbai was marginally higher than New Delhi’s rate at Rs 96,020. In Kolkata, the rate rose to Rs 95,890. While in Bengaluru, the rate was at Rs 96,090. With the price at Rs 96,300, Chennai continued to see the highest rate in the country.
The futures prices for the yellow metal on the Multi Commodity Exchange were trading 1.31% higher at Rs 95,962 for the June 5 futures.
Early on Thursday morning, the price had marginally slipped after US President Donald Trump said that tariff on China will come down substantially. His remarks and a Wall Street Journal report saying that the White House may cut tariffs on China from 145% to 50-65% led to a decline in safe-haven investments.
But, later in the day the yellow metal’s prices climbed back up to trade at Rs 99,400 in Delhi.
Gold Rates Today
Global spot gold prices rose 0.34% on Friday to trade at $3,345, after gold bullion climbed to trade above $3,486 an ounce for the first time on Tuesday.
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.
Silver Rates Today
Silver prices continued to surge on Wednesday to trade at Rs 98,060 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 were hovering around Rs 95,850 per 10 grams, according to the association. Read MoreMarkets, Business, Notifications
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