Gold price in India stood at Rs 95,790 per 10 grams as of 6:26 a.m. on Thursday, according to the India Bullion Association. This was after it was trading a bit lower at Rs 95,600 per 10 grams the previous day.
The increase was seen in some of the major metros as well. In Delhi, gold price was at Rs 95,450 per 20 grams on Thursday. The price in Mumbai jumped almost Rs 200 to trade at Rs 95,620 per 10 grams, compared to Rs 95,430 on Wednesday. In Kolkata, the price was at Rs 95,490 and in Bangalore it went up to Rs 95,690.
The rate fell in United States to trade lower at $3,264.50 an ounce after trading $3,305.60 per ounce in the green on Wednesday.
Notably the precious metal has been steadily climbing to record highs over the past six months, hitting an all-time high of $3,500 on April 22. Gold prices crossed the $3,500-an-ounce mark for the first time ever in April.
Silver Price
Silver price in India stood at Rs 97,540 per kg on Thursday. The commodity has crossed the Rs 1 lakh mark multiple times in the past couple of months, 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.
In the United States silver rate was little changed and traded at $33.03 an ounce.
Futures
June 5 futures for the yellow metal saw a 0.03% rise to Rs 95,305 per 10 grams, according to Multi Commodity Exchange. Silver futures for July 4 also saw a 0.01% climb to Rs 97,265 per kg.
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