Gold, Silver Prices Rise — Check Prices In Mumbai, Chennai, Other Cities

Gold and silver were trading higher on Monday. The yellow metal was trading at Rs 98,210 per 10 gm, as per the India Bullion Association, the commodity was trading higher at Rs 97,050 on Friday. In the last six months, the highest price that the yellow metal had soared to was Rs 1,00,470 on June 15. Price of the commodity has gone as low as Rs 95,780 on June 28.

Last week, the highest price that the commodity rose to was Rs 97,580 on July 7 on the back of Trump's roll out of fresh tariffs and safe haven demand. The prices had slipped to Rs 96,790 on July 9.

In New Delhi, the price stood at Rs 97,870 per 10 gm on Monday compared to Rs 96,700 per 10 gm on Friday. Gold price in Mumbai was Rs 98,030 per 10 gm, against Rs 96,870 per 10 gm, the previous day.

In Kolkata, the rate was Rs 97,900 per 10 gm, while in Bengaluru the rate stood at Rs 98,110. The price of the precious commodity was the highest in Chennai, trading at Rs 98,320 per 10 gm.

In the United States, gold was trading lower at $3,384.40 an ounce.

Aug. 5 futures for the yellow metal was higher as it was trading at Rs 97,830 according to the Multi Commodity Exchange.

Silver surged on Monday, standing at Rs 113,270 per kg, compared to Rs 109,230 per kg, on Friday. Sept. 5 futures for the commodity saw a 3.65% rise to stand at Rs 1,13,111 per kg.

It was trading at $39.13 in the United States on July 14.