Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on May 31

Gold and silver prices in your city today, on May 31: US President Donald Trump has deferred his decision regarding tariffs on the European Union until July 9. Concurrently, he has accused China of breaching the trade deal. Amid these uncertainties over trade policies, gold prices are expected to remain in a state of fluctuation.

The yellow metal has witnessed both highs and lows in recent times during volatile market conditions. However, both gold and silver are still typically considered to be safe-haven assets.

Considering the returns, gold prices have gained nearly 30 per cent year-on-year (YoY), and as an investment, it has returned 15 per cent CAGR since 2001. From 1995 onwards, gold has beaten inflation by over 2-4 per cent, according to data. Meanwhile, silver prices have seen fewer fluctuations since Trump entered the White House for the second time.

Gold and silver prices today: Check rates — May 31

The MCX gold index was at ₹94,790/10 gm on May 31 at 7:30 am, the official website showed. Meanwhile, MCX silver prices were at ₹96,996/kg, it showed.

Further, 24-carat gold was priced at ₹95,930/10 gm, according to data on the Indian Bullion Association (IBA) on May 31 at 7:30 am, while 22-carat gold was priced at ₹87,936/10 gms. And, silver prices today are at ₹97,280/kg (Silver 999 Fine), as per the IBA website.

So, check here for prices of gold and silver in your city today on May 31— Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. It must be noted that for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you.

Gold and Silver Prices in Mumbai — May 31

• Gold bullion rates in Mumbai — ₹95,750/10 gm.
• MCX Gold rate in Mumbai — ₹95,891/10 gm.
• Silver bullion rate in Mumbai — ₹97,110/kg.
• MCX Silver 999 rate in Mumbai — ₹96,996/kg.

Gold and Silver Prices in Delhi — May 31

• Gold bullion rates in New Delhi — ₹95,590/10 gm.
• MCX Gold rate in New Delhi — ₹95,891/10 gm.
• Silver bullion rate in New Delhi — ₹96,940/kg.
• MCX Silver 999 rate in New Delhi — ₹96,996/kg.

Gold and Silver Prices in Kolkata — May 31

• Gold bullion rates in Kolkata — ₹95,630/10 gm.
• MCX Gold rate in Kolkata — ₹95,891/10 gm.
• Silver bullion rate in Kolkata — ₹96,980/kg.
• MCX Silver 999 rate in Kolkata — ₹96,996/kg.

Gold and Silver Prices in Hyderabad — May 31

• Gold bullion rates in Hyderabad — ₹95,900/10 gm.
• MCX Gold rate in Hyderabad — ₹95,891/10 gm.
• Silver bullion rate in Hyderabad — ₹97,260/kg.
• MCX Silver 999 rate in Hyderabad — ₹96,996/kg.

Gold and Silver Prices in Chennai — May 31

• Gold bullion rates in Chennai — ₹96,030/10 gm.
• MCX Gold rate in Chennai — ₹95,891/10 gm.
• Silver bullion rate in Chennai — ₹97,390/kg.
• MCX Silver 999 rate in Chennai — ₹96,996/kg.

Gold and Silver Prices in Bengaluru — May 31

• Gold bullion rates in Bengaluru — ₹95,830/10 gm.
• MCX Gold rate in Bengaluru — ₹95,891/10 gm.
• Silver bullion rate in Bengaluru — ₹97,180/kg.
• MCX Silver 999 rate in Bengaluru — ₹96,996/kg.

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.