The price of spot gold in the US declined on Friday to $3,108 per ounce, just a day after it rose to a record high of $3,149 per ounce. This fluctuation comes as nervous investors rush towards safe-haven options following US President Donald Trump’s announcement of new tariffs.
In India, gold prices remained stable at Rs 89,350 per 10 grams as of 7:59 a.m. on April 4, according to the India Bullion Association.
Gold prices in New Delhi were stable at Rs 89,040 per 10 grams, according to the India Bullion Association. In Mumbai, the price of gold was slightly higher at Rs 89,190 per 10 grams. Gold prices in Kolkata rose to Rs 89,070 per 10 grams. In Bengaluru, the rate was at Rs 89,260 per 10 grams. Chennai continued to see the highest rate in the country, with gold priced at Rs 89,450 per 10 grams.
The futures prices for gold on the Multi Commodity Exchange were volatile, with the price standing at Rs 90,120 for the June 5 futures.
Earlier this month, gold prices had advanced to reach a new record high of Rs 91,950 in Delhi, driven by continued buying by jewellers ahead of the wedding season.
The rise in gold prices is also attributed to increased tensions in the Middle East and concerns about the US economic slowdown, which have kept the demand for safe-haven assets intact.
Global Rates Today
Global spot gold price stood at $3,103.55, according to the World Gold Council. Price of the yellow metal crossed $3,000 an ounce for the first time ever on March 14, driven higher by a central bank buying spree and economic fragility worldwide.
Silver Rates Today
Silver price on Friday stood at Rs 94,760 as of 7:59 a.m. This, after it rose and stood at Rs 1 lakh on Thursday, post Trump’s tariff announcement, according to the India Bullion Association.
. Read more on Markets by NDTV Profit.In India, gold prices remained stable at Rs 89,350 per 10 grams as of 7:59 a.m. on April 4, according to the India Bullion Association. Read MoreMarkets, Business, Notifications
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