Gold and silver prices continued to remain stable on Thursday as the demand for safe haven assets remained muted. But, the price could soon slip into volatility as US President Donald Trump's July 9 tariff deadline approaches. Earlier the precious metal saw volatile prices when the conflict between Israel and Iran broke in the Middle East.
Gold price was trading at Rs 97,720 per 10 grams, down from its all time high of Rs 1,00,480 per 10 grams, as per the India Bullion Association.
In New Delhi, the price stood at Rs 97,370 per 10 grams, compared to Rs 97,230 per 10 grams on Tuesday. Gold price in Mumbai was Rs 97,540 per 10 grams, against Rs 97,400 per 10 grams.
In Kolkata, the rate was Rs 97,410 per 10 grams, while in Bengaluru the rate stood at Rs 97,620. Price for the precious commodity was the highest in Chennai, trading at Rs 97,820 per 10 grams.
Gold spot price was 0.36% lower at $3,346.16 an ounce on Thursday.
Aug. 5 futures for the yellow metal saw a 0.03% increase to Rs 97,421, according to the Multi Commodity Exchange.
Silver Prices
Silver price rose slightly on Thursday, standing at Rs 1,07,600 per kg, compared to Rs 1,06,480 per kg on Tuesday. Sept. 5 futures for the commodity saw a 0.02% rise to stand at Rs 1,07,539 per kg.
Silver spot price was trading at $36.41 on July 3.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
