Gold price in India rose to Rs 86,200 per 10 grams as of 6:50 a.m. on March 6, according to the India Bullion Association.
Rates in New Delhi stood at Rs 85,900 per 10 grams, while price in Mumbai was higher at Rs 86,050 on Thursday. In Kolkata, the rate stood at Rs 85,930, while in Bengaluru the rate crossed Rs 86,110, according to the association. With the price at Rs 86,300, Chennai continued to see the highest rate in the country.
Gold prices surged by Rs 300 on Wednesday to nearly reach a record high of Rs 89,300 per 10 grammes in Delhi, driven by a strong global trend, according to the All-India Sarafa Association.
In the previous market session, gold had closed at Rs 89,000 per 10 grams. The precious metal had previously hit a record high of Rs 89,450 per 10 grams on Feb. 20. Gold futures for April delivery on the MCX on Wednesday increased by Rs 38 to Rs 86,064 per 10 grams. Globally, gold futures for April delivery rose 0.18% to $2,926 per ounce.
Global And Futures Rates Today
Global spot gold prices were higher at $2,918, according to the World Gold Council. The rates have been hovering over highs, with tension around Trump's tariffs, that were pushed higher by other countries announcing retaliatory tariffs as well.
The previous high recorded for the global rate was $2,954 on Feb. 24, according to WGC. The futures prices for April 4 stood at Rs 85,915, according to the Multi Commodity Exchange.
Silver Prices Today
Silver price stood at Rs 97,690 as of 6:50 a.m., 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.
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