Gold price in India stood at Rs 95,950 per 10 grams as of 6:26 a.m. on Friday, according to the India Bullion Association. It was trading a bit lower at Rs 95,790 per 10 grams the previous day.
The jump in prices was seen in some of the major metros as well. In Delhi, gold price was at Rs 95,610 per 10 grams on Friday. The price in Mumbai jumped almost Rs 100 to trade at Rs 95,770 per 10 grams, compared to Rs 95,620 on Thursday. In Kolkata, the price was at Rs 95,650 and in Bangalore it went up to Rs 95,850. It was highest in Chennai, trading at Rs 96,050 per 10 grams.
The rate in United States extended losses to trade lower at $3,310.30 an ounce.
Notably the precious metal has been steadily climbing to record highs over the past six months, hitting an all-time high of $3,500 on April 22. Gold prices crossed the $3,500-an-ounce mark for the first time ever in April.
Silver Price
Silver price in India stood at Rs 98,090 per kg on Thursday. The commodity has crossed the Rs 1 lakh-mark multiple times in the past couple of months, as per India Bullion Association. Strong industrial demand for silver, fuelled by its importance in renewable energy technologies and electronics, has been driving the surge.
In the United States silver rate was little changed and traded at $33.35 an ounce.
Futures
June 5 futures for the yellow metal saw a 0.57% rise to Rs 96,500 per 10 grams, according to Multi Commodity Exchange. Silver futures for July 4 saw a slight decline of 0.02% to fall to Rs 97,810 per kg.
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