Gold prices in India on Friday fell to Rs 98,020 per 10 grams as of 6:45 a.m., compared to Rs 98,630 per 10 grams the previous day around the same time, according to the Indian Bullions Association.
Most metros too saw a slight decline in gold rates. The price in Delhi was at Rs 97,670 on Friday, against Rs 98,280 per 10 grams on Thursday. Similarly, the price of gold in the financial capital was Rs 97,840 per 10 grams; in Bangalore, it was Rs 97,920 per 10 grams; and Kolkata’s gold prices stood at Rs 97,710 per 10 grams. The price for the precious commodity was the highest in Chennai, trading at Rs 98,120 per 10 grams.
Gold prices in the US market were trading in the green at $3,390.50 an ounce.
Aug. 5 futures for the yellow commodity were 0.06% higher at Rs 97,933, according to the Multi Commodity Exchange.
Silver
Silver took the centre stage on Thursday evening after July 4 futures for the metal hit a record high at Rs 1,04,947. Since then, futures have gone to Rs 1,04,402. Currently, the commodity is trading at Rs 1,04,760 per kg, as per the Multi Commodity Exchange.
In the USA, silver price is trading higher at $36.06 an ounce, compared to $34.70 an ounce on Thursday.
The commodity’s spot prices, as per the India Bullion Association, have been trading beyond the Rs 1 lakh mark since the beginning of this week.
The previous record high was hit on March 27 this year, when the prices touched Rs 1,01,313 per kg, according to Bloomberg data. The metal has seen an upward trend since the last slip on April 4. The prices had dipped to Rs 87,620 per kg, according to IBA, after which, they saw a steady climb.
. Read more on Markets by NDTV Profit.Silver spot prices, according to the India Bullion Association, have been trading beyond the Rs 1 lakh mark since the beginning of this week. Read MoreMarkets, Business, Notifications
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