Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on June 5
Gold, silver prices in your city, June 5: Gold has jumped due to uncertainty over the US-China tariffs deal, geopolitical uncertainity in Europe (Russia-Ukraine war), and anticipation ahead of the US Fed rate decision.
Overall, since January, gold has given 25 per cent returns, year-on-year (YoY), this number is 40 per cent. Further, it has also returned 15 per cent CAGR since 2001, and beaten inflation by more than 2-4 per cent since 1995, data shows. Meanwhile, Silver prices crossed the ₹ 1 lakh/kg mark as investors flocked to safe haven commodities to secure their portfolios.
According to Rishabh Nahar, Partner and Fund Manager at Qode Advisors, maintining 5-10 per cent allocation in gold is adviced. 'This positioning serves as an effective hedge against inflation, negative real rates, and geopolitical uncertainty. We recommend adding to positions on meaningful pullbacks, as even a modest allocation can help dampen the volatility of an equity-heavy portfolio,' he added.
Prices opened in the green at 7.20 am on June 5. The MCX gold index was at ₹ 96,806/10 gm, the official website showed. Meanwhile, MCX silver prices were at ₹ 1,01,412/kg, it showed.
Further, 24-carat gold was priced at ₹ 97,940/10 gm, according to data on the Indian Bullion Association (IBA) at 7.20 am on June 5. Further, 22-carat gold was priced at ₹ 89,778/10 gms. And, silver prices today are at ₹ 1,01,710/kg (Silver 999 Fine), as per the IBA website.
So, check here for prices of gold and silver in your city today on June 5 — 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.
Gold bullion rates in Mumbai — ₹ 97,770/10 gm.
MCX Gold rate in Mumbai — ₹ 96,806/10 gm.
Silver bullion rate in Mumbai — ₹ 1,01,530/kg.
MCX Silver 999 rate in Mumbai — ₹ 1,01,710/kg.
Gold bullion rates in Chennai — ₹ 98,050/10 gm.
MCX Gold rate in Chennai — ₹ 96,806/10 gm.
Silver bullion rate in Chennai — ₹ 1,01,820/kg.
MCX Silver 999 rate in Chennai — ₹ 1,01,710/kg.
Gold bullion rates in Kolkata — ₹ 97,640/10 gm.
MCX Gold rate in Kolkata — ₹ 96,806/10 gm.
Silver bullion rate in Kolkata — ₹ 1,01,390/kg.
MCX Silver 999 rate in Kolkata — ₹ 1,01,710/kg.
Gold bullion rates in Hyderabad — ₹ 97,930/10 gm.
MCX Gold rate in Hyderabad — ₹ 96,806/10 gm.
Silver bullion rate in Hyderabad — ₹ 1,01,610/kg.
MCX Silver 999 rate in Hyderabad — ₹ 1,01,710/kg.
Gold bullion rates in Bengaluru — ₹ 97,850/10 gm.
MCX Gold rate in Bengaluru — ₹ 96,806/10 gm.
Silver bullion rate in Bengaluru — ₹ 1,01,530/kg.
MCX Silver 999 rate in Bengaluru — ₹ 1,01,710/kg.
Gold bullion rates in New Delhi — ₹ 97,600/10 gm.
MCX Gold rate in New Delhi — ₹ 96,806/10 gm.
Silver bullion rate in New Delhi — ₹ 1,01,270/kg.
MCX Silver 999 rate in New Delhi — ₹ 1,01,710/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.
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