Gold, Silver Rates Gain Marginally — Check Rates In Delhi, Mumbai, Chennai

Gold and Silver continued their surge on Tuesday after a tepid range of trade last week. The yellow metal was trading at Rs 99,800 per 10 gm, as per the India Bullion Association, the commodity was trading at Rs 98,450 per 10 gm on Monday. In the last six months, the highest price that the yellow metal had soared to was Rs 100,470 on June 15. The price of the commodity has gone as low as Rs 95,780 on June 28.

In the first week of July, the highest price that the commodity rose to was Rs 97,580 on July 7 on the back of Trump's rollout 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 99,450 per 10 gm compared to Rs 98,110 per 10 gm on Monday. The gold price in Mumbai was Rs 99,620 per 10 gm, against Rs 98,280 per 10 gm the previous day.

In Bengaluru, the rate stood at Rs 99,700, while in Kolkata, it was Rs 99,490 per 10 gm. The price of the precious commodity was the highest in Chennai, trading at Rs 99,910 per 10 gm.

Gold spot price was trading 0.06% lower at $3,395.18 an ounce.

Aug. 5 futures for the yellow metal was trading 1.35% higher at Rs 99,350 according to the Multi Commodity Exchange.

Silver traded largely flat in Tuesday trade. The precious metal price was at Rs 1,15,240 per kilogram on India Bullion Association. The silver metal's spot price declined 0.04% to trade at $38.92.

Aug. 5 futures for silver was trading 0.04% lower at Rs 1,15,001 according to the Multi Commodity Exchange.