Gold, silver prices in your city, May 26: Commodity experts are bullish on the yellow metal amid ongoing markets uncertainity and the United States' tariff disputes with China and the European Union.
While Donald Trump's delay on EU tariffs till July 9 have caused gold prices to slip a little, both gold and silver remain the preferred safe haven investment to insulate investor portfolios against the markets volatility.
In the coming month, Jigar Trivedi, Senior Research Analyst at Reliance Securities feels that gold prices can see up move, and in the near term will track data on the US economy, Q1 GDP and consumer confidence.
Overall, gold rates have surged 30 per cent year-on-year (YoY), and it has given 15 per cent CAGR returns since 2001, as an investment. It has also beaten inflation by more than 2-4 per cent since 1995, as per data.
For silver, Colin Shah, MD of Kama Jewelry believes prices “may remain relatively stable, unless any major economic development takes precedence”. This year, silver has proved a stabler bet than gold.
Commodiy experts feel that buying gold on dips is an “opportunity” and some recommend gold ETFs to create exposure while saving on making charges and storage cost. However, please check your own financial goals and requirements, and cosnult with your financial manager (if one), for how to add commodities to your portfolio mix.
The MCX gold index was down by ₹496 per 10 grams at ₹95,925/10 gm on May 26, the official website showed. Meanwhile, MCX silver prices also slipped by ₹102/kg to ₹97,952/kg, it showed.
Further, 24-carat gold was priced at ₹96,390/10 gm, according to data on the Indian Bullion Association (IBA) on May 26. Further, 22-carat gold was priced at ₹88,358/10 gms. And, silver prices today are at ₹98,200/kg (Silver 999 Fine), as per the IBA website.
So, check here for prices of gold and silver in your city today on May 26 — 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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