Gold price in India rose to Rs 86,380 per 10 grams as of 6:50 a.m. on March 7, according to the India Bullion Association.
The rates in New Delhi stood at Rs 86,080 per 10 grams, according to the Bullion Association. The price in Mumbai was higher at Rs 86,230 on Friday. In Kolkata, the rate stood lower at Rs 86,110. While in Bengaluru the rate crossed Rs 86,300, according to the association. With the price at Rs 86,480, Chennai continued to see the highest rate in the country.
Gold prices surged this week to nearly reach a record high of Rs 89,300 per 10 grammes in Delhi, driven by a strong global trend, according to the All-India Sarafa Association. The precious metal had previously hit a record high of Rs 89,450 per 10 grams on Feb. 20.
Gold futures for April delivery on the MCX on Wednesday was also driven higher at Rs 86,064 per 10 grams. Globally, gold futures for April delivery rose 0.18% to $2,926 per ounce.
Global And Futures Rates Today
Global spot gold prices were higher at $2,902, according to the World Gold Council. The rates have been hovering over highs, with tension around Trump’s tariffs, that were pushed higher by other countries announcing retaliatory tariffs as well.
The previous high recorded for the global rate was $2,954 on Feb. 24, according to WGC. The futures prices for April 4 stood at Rs 85,089, according to the Multi Commodity Exchange.
Silver Prices Today
Silver price stood at Rs 98,340 as of 6:50 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.Gold price in India rose to Rs 86,380 per 10 grams as of 6:50 a.m. on March 7. Read MoreMarkets, Business, Notifications
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