Gold price in India rose to Rs 86,140 per 10 grams as of 7:00 a.m. on March 10, according to the India Bullion Association.
The rates in New Delhi stood at Rs 85,830 per 10 grams, according to the association. The price in Mumbai was higher at Rs 85,980. In Kolkata, the rate stood lower at Rs 85,870. While in Bengaluru the rate crossed Rs 86,050. With the price at Rs 86,230, Chennai continued to see the highest rate in the country.
The price of gold slipped below Rs 89,000 per 10 grams in Delhi on Friday due to reduced domestic demand. According to the All India Sarafa Association, gold of 99.9% purity dipped by Rs 200 to Rs 88,900 per 10 grams, marking its second consecutive day of decline. Similarly, gold of 99.5% purity also decreased by Rs 200 to Rs 88,500 per 10 grams.
Global And Futures Rates Today
Global spot gold prices were higher at $2,915, 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 lower at Rs 85,820, according to the Multi Commodity Exchange.
Silver Prices Today
Silver price stood at Rs 97,390 as of 7:00 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 86,230, Chennai continued to see the highest rate in the country. Read MoreMarkets, Business, Notifications
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