GG News Bureau
New Delhi, 30th June: Amid ongoing geopolitical tensions, fluctuations in the US Federal Reserve’s interest rate decisions, crude oil price volatility, and a fluctuating dollar, gold and silver prices have witnessed a notable surge. Experts believe these precious metals continue to serve as safe investment avenues in uncertain times.
As per official data from the MCX, gold was trading at ₹95,524 per 10 grams on June 30 at 7:40 AM, while silver held steady at ₹1,05,300 per kilogram. According to the Indian Bullion Association (IBA), the price of 24-carat gold stood at ₹95,790 per 10 grams, and 22-carat gold was priced at ₹87,808. The rate for silver (999 fine) was recorded at ₹1,06,460 per kilogram.
In terms of city-wise pricing, Delhi recorded bullion gold at ₹95,960 per 10 grams and silver at ₹1,06,400 per kilogram. In Mumbai, gold was slightly lower at ₹95,130, while silver stood at ₹1,06,580 per kilogram. Kolkata saw gold priced at ₹95,000 and silver at ₹1,06,440 per kilogram. Bengaluru reported gold at ₹95,210 and silver at ₹1,06,670 per kilogram. Hyderabad’s gold rate was ₹95,290, with silver priced at ₹1,06,750 per kilogram. Chennai recorded the highest silver price at ₹1,06,890, while gold traded at ₹95,420 per 10 grams.
Analysts suggest that the rising prices indicate growing investor caution, with gold and silver offering stability amid global market fluctuations. With returns improving and safe-haven demand increasing, investing in these metals remains a preferred strategy for risk-averse investors.
