The gold price in India rose to Rs 87,850 per 10 grams as of 6:31 a.m. on April 9, according to the India Bullion Association, after it touched new highs last week.
Rates in New Delhi also saw a rise at Rs 87,540 per 10 grams, according to the association. The price in Mumbai was higher at Rs 87,690. In Kolkata, the rate rose to Rs 87,570. While in Bengaluru, the rate was at 87,760. With the price at Rs 87,940, Chennai continued to see the highest rate in the country.
The futures prices for the yellow metal on the Multi Commodity Exchange were volatile, as the price stands at Rs 87,751 for the June 5 futures.
Global Rates Today
Global spot gold prices fell 0.3% to $2,989.30 after they hit a record high at $3,152 earlier this month, according to the World Gold Council. The 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. This comes after US President Donald Trump's tariffs pushed global markets down to Covid-19 levels.
Silver Rates Today
Silver price also rose to Rs 89,200 after it crossed Rs 1 lakh earlier this month, 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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