Gold, Silver Prices Trade Mixed — Check Rates In Delhi, Mumbai And Other Cities

Gold prices in India were trading lower at Rs 1,29,320 and silver traded flat at Rs 1,87,710 on Thursday, according to the India Bullion Association. Moreover, silver in the spot market gained to trade at $62.62.

Meanwhile, Spot gold price rose on Thursday to trade around $4,234 an ounce. Despite the pull back from record high last month gold remains on course for its strongest annual gain since 1979, having reached a series of record highs before retreating last month. US rate cuts have underpinned prices, which have also been buoyed by inflows into bullion-backed exchange-traded funds and sustained central bank buying.

In New Delhi, the price stood at Rs 1,29,320, per 10 gm, and in Mumbai, it stood at Rs 1,29,550 on Thursday.

In Bengaluru, the rate stood at Rs 1,29,650, while in Kolkata, it was Rs 1,29,370 per 10 gm. The price of the precious commodity in Chennai was the highest at Rs 1,29,920 per 10 gm.

The Feb. 5 futures fell to Rs 1,29,629 according to the Multi-Commodity Exchange. The spot prices of the yellow metal were $4,234 on Thursday, according to Bloomberg.

The precious metal's price traded flat on Thursday and was trading at Rs 1,88,370 per kilogram on Dec. 11, according to the India Bullion Association. The metal had hit a record high last week after a trading outage on the Chicago Mercantile Exchange due a data-center fault adding to the ongoing supply shortage.

March 5 futures for silver were trading flat at Rs 1,88,574, according to the Multi-Commodity Exchange, while Spot silver was up 1.31% at $62.62 maintaining the gains of the previous session.