Gold, Silver Rates Slipped Further—Check Prices in Mumbai, Chennai, Other Cities

Gold and silver dipped further on Friday after slipping on Thursday. The yellow metal was trading at Rs 97, 890 per 10 gm, as per the India Bullion Association, the commodity was trading at Rs 98,210 per 10 gm on Thursday. 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.

Last week, 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 97,550 per 10 gm on Friday compared to Rs 97,860 per 10 gm on Thursday. The gold price in Mumbai was Rs 97,770 per 10 gm, against Rs 98,030 per 10 gm the previous day.

In Bengaluru, the rate stood at Rs 97,790, while in Kolkata, it was Rs 97, 590 per 10 gm. The price of the precious commodity was the highest in Chennai, trading at Rs 98,000 per 10 gm.

In the United States, gold was trading lower at $3,344.80 an ounce.

Aug. 5 futures for the yellow metal was trading 0.01% advance at Rs 97,480 according to the Multi Commodity Exchange.

Silver was higher at Rs 112,600 per kg on Friday, compared to Rs 111,840 per kg on Thursday. Sept. 5 futures for the commodity saw a 0.07% advance to stand at Rs 1,12,408 per kg.

It was trading at $38.45 in the United States on July 18.

On Monday, MCX Silver futures for Sept. 5 had hit a fresh record high of Rs 114,875 during trade. The silver futures for December have also hit a high of Rs 116,566, according to the Multi Commodity Exchange.