Gold, silver prices in your city, June 10: Hopes for a trade deal between the US and China have lowered gold prices from recent highs. This comes as Reuters reported that three of Donald Trump's aides met with Chinese counterparts to discuss ways to resolve the dispute.
Overall, experts feel that commodities (gold and silver) have emerged as the safe haven investment in these volatile markets, but caution must be maintained.
In terms of returns, over the past year along, gold cost has jumped 30 per cent, returned 15 per cent CAGR since 2001; and since 1995, has beaten inflation by over 2-4 per cent, data shows.
Silver meanwhile, has been shining amid markets volatility. It jumped nearly 1.43 per cent or ₹1,506 on June 9 and has been above the ₹1 lakh/kg mark for the past week.
The MCX gold index was at ₹96,448/10 gm at 7 am on June 10, the official website showed. Meanwhile, MCX silver prices were at ₹1,06,663/kg, it showed.
Further, 24-carat gold was priced at ₹96,540/10 gm, according to data on the Indian Bullion Association (IBA) at 7 am on June 10. Further, 22-carat gold was priced at ₹88,495/10 gms. And, silver prices today are at ₹1,07,070/kg (Silver 999 Fine), as per the IBA website.
So, check here for prices of gold and silver in your city today on June 10 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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