Gold price extended gains into Thursday and was trading nearly Rs 100 higher at Rs 96,100 per 10 grams as of 7:00 a.m., according to the India Bullion Association. On Wednesday, the commodity was trading at Rs 95,320 per 10 grams.
In the United states as well, Gold prices traded higher at $3,342 an ounce, extending their rally for the fourth day. Gold strengthened for a fourth day, as investors pushed back against US President Donald Trump's tax-cut plan and growing fiscal deficit. Long-range US Treasury yields were at near two-decade high, Bloomberg reported.
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New Delhi also saw a rise in gold rates from Rs 94,990 per 10 grams on Wednesday, to Rs 95,760 on Thursday. Other big cities like Mumbai, Bangalore and Kolkata also followed the trend. In Mumbai, gold prices surged to Rs 95,920 per 10 grams on Wednesday, from Rs 95,150 per 10 grams on Tuesday. In Kolkata it was higher at Rs 95,790 per 10 grams and in Bengaluru the rate went as high as Rs 96,000.
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Futures
Futures for the yellow metal for June 5 were glittering at Rs 95,660, nearly 1% higher from Rs 94,899 on Wednesday.
Silver Prices
Silver price also increased to trade at Rs 98,390 per kg on Thursday from Rs 97,600 per kg on May 21, 2025. Futures were up 1.01% at Rs 98,275 from Rs 97,288 on Wednesday.
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