Gold and silver prices declined on Wednesday as demand for safe haven assets cooled slightly following some slowdown in the conflict between Israel and Iran after US President brokered a deal for both the nations.
Gold price was trading at Rs 97,230 per 10 grams, slightly lower than its all time high of Rs 1,00,480 per 10 grams, as per the India Bullion Association.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The yellow metal hit an all time high in the past week after Israel launched military operations targeting Iran's nuclear power plant sites.
The tension between the middle eastern nations evolved into a much larger, full blown conflict with US striking Iran's nuclear sites over the weekend.
But, the worst seems to have passed with Trump announcing that both Israel and Iran have agreed to "complete and total ceasefire".
In New Delhi, the price stood at Rs 96,880 per 10 grams, compared to Rs Rs 98,230 per 10 grams on Tuesday. Gold price in Mumbai was Rs 97,050 per 10 grams against Rs Rs 99,400 per 10 grams.
In Kolkata, the rate was Rs 96,920 per 10 grams, while in Bengaluru the rate stood at Rs 97,130. The price for the precious commodity was the highest in Chennai, trading at Rs 97,330 per 10 grams.
Gold spot price was 0.22% higher at $3,333.23 an ounce on Wednesday.
Aug. 5 futures for the yellow metal saw a 2.41% decline to Rs 96,994, according to the Multi Commodity Exchange.
Silver Prices
Silver price dropped on Wednesday, standing at Rs 1,05,500 per kg, compared to Rs 1,07,430 per kg on Monday. July 4 futures for the commodity saw a 0.05% decline to stand at Rs 1,04,867 per kg.
Silver spot price was trading at $35.95 on June 25.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.