Gold Silver Rate Today: Gold and silver prices rose sharply on Friday, climbing up to 2 per cent on hopes that a peace deal could be reached in the West Asia conflict.
On the Multi Commodity Exchange (MCX), gold futures for August delivery jumped as much as 1.11 per cent, or Rs 1,668, to touch an intraday high of Rs 1,50,600 around 11:30 am. The metal was last trading at Rs 1,49,916, up Rs 948 or 0.66 per cent. It hit an intraday low of Rs 1,49,569 during the session. Gold and silver had opened the day at Rs 1,50,595 and Rs 2,42,776, respectively, on the exchange.
Silver also climbed. July futures traded at Rs 2,42,143, up Rs 2,490 or 1 per cent. The white metal touched an intraday high of Rs 2,44,817, a gain of 2.15 per cent, and an intraday low of Rs 2,41,601, up Rs 1,948 from the previous close.
The rally came despite a broader rough patch for bullion. Commodity market experts said precious metals had been under pressure and were on course for a second straight weekly fall, weighed down by persistent inflation worries and growing expectations that the US Federal Reserve could raise interest rates.
The rebound was triggered after US President Donald Trump said the US and Iran could reach a peace agreement as early as this weekend. However, gains stayed limited. Iranian officials denied that a final deal had been reached.
Hopes of a diplomatic resolution eased fears over global energy supplies, pulling crude oil prices lower and lifting broader market sentiment, experts said. US crude WTI fell roughly 3 per cent to $85 per barrel, while international benchmark Brent crude declined 1.59 per cent to $88.94 per barrel.
In global markets, COMEX gold rose over 2 per cent to $4,203.70 per ounce. COMEX silver gained more than 4 per cent to trade at $66.94.
Traders will now watch for updates on the US-Iran talks and any signals from the Federal Reserve on its next policy move.
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Gold Prices in Delhi Today (Per 1 Gram)
24 Karat – 14,582
22 Karat- 13,635
18 Karat- 11,153
Gold Prices in Chennai Today (Per 1 Gram)
24 Karat – 15,055
22 Karat- 13,800
18 Karat- 11,550
Gold Prices in Bengaluru Today (Per 1 Gram)
24 Karat – 14,858
22 Karat- 13,620
18 Karat- 11,144
Gold Prices in Mumbai Today (Per 1 Gram)
24 Karat – 14,858
22 Karat- 13,620
18 Karat- 11,144
Gold Prices in Pune Today (Per 1 Gram)
24 Karat – 14,858
22 Karat- 13,620
18 Karat- 11,144
Gold Prices in Kolkata Today (Per 1 Gram)
24 Karat – 14,858
22 Karat- 13,620
18 Karat- 11,144
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Silver Price In Delhi Today
The current silver price in Delhi stands at Rs 260 per gram and Rs 260,000 per kg.
Silver Price In Chennai Today
The current silver price in Chennai stands at Rs 265 per gram and Rs 265,000 per kg.
Silver Price In Bengaluru Today
The current silver price in Bengaluru stands at Rs 260 per gram and Rs 260,000 per kg.
Silver Price In Mumbai Today
The current silver price in Mumbai stands at Rs 260 per gram and Rs 260,000 per kg.
Silver Price In Pune Today
The current silver price in Pune stands at Rs 260 per gram and Rs 260,000 per kg.
Silver Price In Kolkata Today
The current silver price in Kolkata stands at Rs 260 per gram and Rs 260,000 per kg.
Gold and silver prices rose sharply due to hopes that a peace deal could be reached in the West Asia conflict. This followed statements by US President Donald Trump.
Gold futures for August delivery on the MCX jumped 1.11%, or Rs 1,668, reaching an intraday high of Rs 1,50,600.
Gains were limited because Iranian officials denied that a final peace deal had been reached, despite earlier statements from US President Donald Trump.
Akshat Ayush is an Editorial Intern at ABP Live English covering business and personal finance. An English Journalism graduate from IIMC Delhi, he is keen on making finance stories accessible and engaging.
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