Gold And Silver Price Today — Check Prices In Mumbai, Bengaluru, Delhi, Chennai And More
Gold price in India fell to Rs 96,650 per 10 grams as of 7:15 a.m. on May 9, according to the India Bullion Association. The decline comes amid rising tensions between India and Pakistan.
Rates in New Delhi also fell to Rs 96,300 per 10 grams, according to the association. The price in Mumbai was lower at Rs 96,470. In Kolkata, the rate fell to Rs 96,340. While, in Bengaluru, the rate was at Rs 96,550. Chennai continues to have the highest rate in the nation, with prices at Rs 96,750.
The futures prices for the yellow metal on the Multi Commodity Exchange rose to Rs 96,307 for the June 5 futures. The gold price had crossed the Rs 97,000 per 10-gram mark for the first time on the MCX in April, touching fresh highs.
Gold prices have been climbing due to a combination of economic uncertainty, geopolitical tensions, and strong demand from central banks.
Leading the charge for economic uncertainty are expectations of a potential trade war which were offset by April 2 'Liberation Day' tariffs imposed by US President Donald Trump on multiple countries and China imposing retaliatory tariffs on the US.
The spot gold price was down 0.32% as it traded at $3,292.67 on Friday. Notably the precious metal has been steadily climbing to record highs over the past six months as it recently hit an all-time high of $3,500 on April 22.
Gold prices crossed the $3,500-an-ounce mark for the first time ever in April.
Silver Rates Today
Silver price on the other hand rose to Rs 96,690, after crossing the Rs 1 lakh mark multiple times in the past couple of months, according to the India Bullion Association.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
