Gold, silver prices in your city, June 7: The prices of the yellow metal rose amid uncertainty over the US tariffs agreement, geopolitical volatility and expectation ahead of the US Federal Reserve rate decision.
Gold prices increased by almost 30 per cent year-on-year (YoY), yielding around 15 per cent CAGR since 2001. Since 1995, gold has outpaced inflation by more than 2-4 per cent, as per data. At the same time, silver prices have crossed the ₹1 lakh/kg mark. Amid constant price volatility, gold and silver remain safe-haven commodities for investors to protect their portfolios.
Gold and silver prices today: Check rates — June 7
The MCX gold index stood at ₹97,051 per 10 grams on June 7 at 7:05 am, according to the official website. Meanwhile, the MCX silver prices were recorded at ₹1,05,525 per kilogram, it showed.
On 24-carat gold was priced at ₹97,140/10 gm, according to data on the Indian Bullion Association (IBA) on June 7 at 7:05 am, while 22-carat gold was priced at ₹89,045/10 gms. And, silver prices today are at ₹1,05,900/kg (Silver 999 Fine), as per the IBA website.
Here are the prices of gold and silver in your city today on June 7— Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Retail customers must note that jewellers may add making charges, taxes and GST to the bill, which could hike the final price.
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.
