Domestic gold prices gained on Friday to trade at Rs 92,660 as of 7:29 a.m., according to the India Bullion Association.
Rates in New Delhi were hovering around Rs 92,330 per 10 grams, according to the association. The price in Mumbai was marginally higher at Rs 92,490. In Kolkata, the rate rose to Rs 92,370. While in Bengaluru, it was at Rs 92,570. With the price at Rs 92,760, Chennai continued to see the highest rate in the country.
The futures prices for the yellow metal on the Multi Commodity Exchange were trading 0.06 % higher at Rs 92,390 for the June 5 futures.
Gold prices crossed the $3,000-an-ounce mark for the first time ever on March 14. Since then, the yellow metal has pulled back from record highs, extending losses as bullish sentiment cooled after a glistening rally.
Still, according to Bloomberg data, gold remains up 25% this year, outperforming nearly every other major asset class this month, driven by a surge in demand for safe-haven assets amid US President Donald Trump's aggressive trade policies and escalating fears over the global economy.
Gold Rates Today
Global spot gold prices slipped 0.06% on Friday to $3,237.21 an ounce.
Gold was on track for its first back-to-back weekly decline of the year, as strong tech earnings lifted risk sentiment on Wall Street and traders dialled back expectations of US interest-rate cuts following better-than-expected factory data.
Bullion held steady near $3,240 an ounce, with weekly losses exceeding 2%, after data showed US manufacturing contracted in April—but not as sharply as anticipated.
Silver Prices Today
Silver prices were at Rs 94,930 on Tuesday, after crossing the Rs 1 lakh mark multiple times in the past couple of months, 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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