Gold and silver prices in your city today, on May 30: While US President Donald Trump has pushed his tariff decision with the EU till July 9, uncertainty remains over the eventual tax policy, keeping gold prices in a flux.
The yellow metal has seen both highs and lows amid the volatile trade and markets environment, but experts still feel that overall, gold and silver are safe haven investments.
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 prices meanwhile, have had less swings amid Trump's tariff tantrums.
Manoj Kumar Jain of Prithvifinmart Commodity Research suggest selling gold below ₹95,000 with a stop loss of ₹95,550 for the target of ₹94,200. While Rahul Kalantri, VP of commodities at Mehta Equities feels gold has support at $3,255-3,240 while resistance is at $3,300-3,322. He added that silver has support at $32.85-32.65 while resistance is at $33.35-33.55.
The MCX gold index was at ₹94,865/10 gm on May 30, the official website showed. Meanwhile, MCX silver prices were at ₹96,954/kg, it showed.
Further, 24-carat gold was priced at ₹95,340/10 gm, according to data on the Indian Bullion Association (IBA) on May 30. Further, 22-carat gold was priced at ₹87,395/10 gms. And, silver prices today are at ₹97,230/kg (Silver 999 Fine), as per the IBA website.
So, check here for prices of gold and silver in your city today on May 30 — 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.