Gold And Silver Price Today — Check Prices In Mumbai, Bengaluru, Delhi, Chennai And More

A day after gold climbed to record high, the yellow metal's price in domestic market was trading lower at Rs 97,570 on Wednesday as of 06:58 a.m., according to the India Bullion Association.

Following fresh friction between US President Donald Trump and Federal Reserve Chair Jerome Powell, gold price had surged to all time high levels in both international and domestic market.

Rates in New Delhi were hovering around Rs 97,220 per 10 grams, according to the association. The price in Mumbai was marginally higher than New Delhi's rate at Rs 97,390. In Kolkata, the rate rose to Rs 97,260. While in Bengaluru, the rate was at Rs 97,470. With the price at Rs 97,670, Chennai continued to see the highest rate in the country.

The futures prices for the yellow metal on the Multi Commodity Exchange were trading marginally higher, as it rose 0.01% to trade higher at Rs 97,350 for the June 5 futures.

Global spot gold prices fell on Wednesday to trade 0.58% lower at $3,362, after gold bullion climbed to trade above $3,486 an ounce for the first time on Tuesday.

The price of the yellow metal crossed $3,000 an ounce for the first time ever on March 14, since then it has been continuously hitting new highs.

Gold has been scaling new highs ever since US President Donald Trump's tariffs pushed global markets down. But, Trump later paused tariffs for 90 days on non-retaliating countries.

Silver price continued to surge on Wednesday to trade at Rs 96,290 after it crossed the Rs 1 lakh-mark multiple times in the past couple of months, 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.