Gold price in India was at Rs 89,340 per 10 grams as of 6:50 a.m. on April 2, according to the India Bullion Association.
Rates in New Delhi stood at Rs 89,030 per 10 grams, according to the association. The price in Mumbai was higher at Rs 89,180. In Kolkata, the rate stood lower at Rs 89,060. While in Bengaluru, the rate was at 89,250. With the price at Rs 89,440, Chennai continued to see the highest rate in the country.
The futures prices for the yellow metal on Multi Commodity Exchange are hovering near highs, as the price stood at Rs 90,870 for the June 5 futures.
This comes after Gold prices in the national capital surged, climbing Rs 2,000, the largest increase in nearly two months, to reach a new peak of Rs 94,150 per 10 grams on Tuesday.
Gold prices had advanced to reach a new record high of Rs 91,950 in Delhi earlier this month, with continued buying by jewellers ahead of wedding season. The rise is also on the back of increased tensions in the Middle East and concerns about the US economic slowdown have kept the demand for safe-haven assets intact.
Global Rates Today
Global spot gold prices were at a record high at $3,160, according to the World Gold Council. Price of the yellow metal crossed $3,000 an ounce for the first time ever on March 14, driven higher by a central bank buying spree and economic fragility worldwide.
Bullion was little changed and traded $40 short of its record high that it hit on Tuesday, according to Bloomberg.
Silver Rates Today
Silver price stood at Rs 99,790 as of 7:00 a.m., according to the India Bullion Association.
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