Gold, Silver Rates Slipped Further—Check Prices in Mumbai, Chennai, Other Cities
In the last six months, the highest price that the yellow metal had soared to was Rs 1,00,470 on June 15
Gold and silver slipped further on Thursday after dipping on Wednesday. The yellow metal was trading at Rs 98,210 per 10 gm. As per the India Bullion Association, the commodity was trading lower at Rs 97,600 per 10 gm on Wednesday. In the last six months, the highest price that the yellow metal had soared to was Rs 100,470 on June 15. The price of the commodity has gone as low as Rs 95,780 on June 28.
Last week, the highest price that the commodity rose to was Rs 97,580 on July 7 on the back of Trump's rolloutof fresh tariffs and safe haven demand. The prices had slipped to Rs 96,790 on July 9.
In New Delhi, the price stood at Rs 97,860 per 10 gm on Wednesday compared to Rs 97,260 per 10 gm on Wednesday. The gold price in Mumbai was Rs 98,030 per 10 gm, against Rs 97,430 per 10 gm the previous day.
In Bengaluru, the rate stood at Rs 98,110, while in Kolkata, it was Rs 97,900 per 10 gm. The price of the precious commodity was the highest in Chennai, trading at Rs 98,310 per 10 gm.
In the United States, gold was trading lower at $3,351.10 an ounce.
Aug. 5 futures for the yellow metal were flat as it was trading at Rs 97,800, according to the Multi Commodity Exchange.
Silver Prices
Silver was higher at Rs 111,840 per kg, compared to Rs 111,700 per kg on Tuesday. Sept. 5 futures for the commodity saw a 0.03% advance to stand at Rs 111,651 per kg.
On Monday, MCX Silver futures for Sept. 5 had hit a fresh record high of Rs 114,875 during trade. The silver futures for December have also hit a high of Rs 116,566, according to the Multi Commodity Exchange.
