Gold price in India stood at Rs 80,400 per 10 grams as of 6:55 a.m. on Friday, according to the India Bullion Association. The price rose by Rs 410, compared to last week’s price.
Rates in New Delhi stood at Rs 80,110 per 10 grams, while the price in Mumbai was higher at Rs 80,250. In Kolkata, the rate stood at Rs 80,150, while in Bengaluru, the rate crossed Rs 80,300, according to the association. At Rs 80,490, Chennai continued to see the highest rates in the country.
The gold futures prices for MCX had risen to an all time high on Friday. Up about 0.43% compared to Thursday’s rates, the futures for Feb. 5, 2025 went up to Rs 79,998.
Earlier, on Oct. 31, 2024, gold of 99.9% purity had touched a record Rs 82,400 per 10 grams, while the 99.5% purity gold hit Rs 82,000 the same day. Gold prices continue to rise as the dollar weakens.
Markets are worried after Trump delayed his promised trade tariffs on China, Mexico, and Canada, raising fears they may come next month, sparking fears of a prolonged trade war, Abans Holdings’ Chief Executive Officer Chintan Mehta said.
Futures And Global Rates
Future prices of gold for Feb. 2, 2025, stood at Rs 80,002 per 10 grams, according to the Multi Commodity Exchange. Silver future prices for Feb. 5, 2025, stood at Rs 91,658, according to the MCX.
Global rates held above the $2,760-mark to hit $2,770, according to the World Gold Council.
Silver Rates
Silver price stood at Rs 91,910 as of 6:55 a.m., according to the India Bullion Association.
The strong industrial demand for silver, fuelled by its importance in renewable energy technologies and electronics, has been driving the surge.
. Read more on Business by NDTV Profit.Gold price in India stood at Rs 80,400 per 10 grams as of 6:55 a.m. Read MoreBusiness, Markets
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