The price of gold increased during morning trade on the MCX on Friday in a hope of peace agreement in the ongoing West Asia conflict.
On Friday, the MCX gold rate for August futures contracts was Rs 1,50,320 per 10 grams, up 0.53 per cent. On the other hand, at approximately 9.32 am, MCX silver futures were trading 0.94 per cent higher at Rs 2,43,720 per kg.
This comes after US President Donald Trump stated that the Iran War is resolved and he expects to sign an agreement in the coming days, subject to finalisation.
Higher crude oil prices and a flat dollar index are the results of recent uncertainty due to West Asia war. As investors expect the next moves in the ongoing disagreement, the equity markets have also continued to be turbulent.
With recent events and the US President’s remarks, the chances of a peace agreement between the US and Iran appear high.
Below are the most recent price shifts in gold and silver across different cities in India on Friday.
Mumbai
24 karat gold prices: Rs 1,50,080/10 gm
22 karat gold prices: Rs 1,37,573/10 gm
Silver 999 Fine price: Rs 2,43,280/1 kg
New Delhi
24 karat gold prices: Rs 1,49,802/10 gm
22 karat gold prices: Rs 1,37,335/10 gm
Silver 999 Fine price: Rs 2,42,860/1 kg
Bengaluru
24 karat gold prices: Rs 1,50,090/10 gm
22 karat gold prices: Rs 1,37,583/10 gm
Silver 999 Fine price: Rs 2,43,470/1 kg
Kolkata
24 karat gold prices: Rs 1,49,770/10 gm
22 karat gold prices: Rs 1,49,770/10 gm
Silver 999 Fine price: Rs 2,42,950/1 kg
Hyderabad
24 karat gold prices: Rs 1,50,210/10 gm
22 karat gold prices: Rs 1,37,693/10 gm
Silver 999 Fine price: Rs 2,43,660/1 kg
Chennai
24 karat gold prices: Rs 1,50,410/10 gm
22 karat gold prices: Rs 1,37,876/10 gm
Silver 999 Fine price: Rs 2,43,980/1 kg
