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Gold Prices Rally in Major Indian Cities During Uncertainty in Global Markets

Updated: May 06, 2025 09:23

Image Source: bluehillresearch.com
Gold prices in India registered a huge movement on May 6 as a result of global economic influences and market sentiments. The Multi Commodity Exchange (MCX) gold index traded at ₹94,611 per 10 grams, with 24-carat gold available at ₹94,880 per 10 grams, as per the Indian Bullion Association (IBA).
 
Important Points
 
Gold Prices in Major Cities
 
Mumbai: ₹94,430 per 10 grams (bullion), ₹95,221 per 10 grams (MCX).
 
Delhi: ₹94,260 per 10 grams (bullion), ₹95,221 per 10 grams (MCX).
 
Bengaluru: ₹94,500 per 10 grams (bullion), ₹95,221 per 10 grams (MCX).
 
Chennai: ₹94,750 per 10 grams (bullion), ₹95,221 per 10 grams (MCX).
 
Hyderabad: ₹94,620 per 10 grams (bullion), ₹95,221 per 10 grams (MCX).
 
Kolkata: ₹94,350 per 10 grams (bullion), ₹95,221 per 10 grams (MCX).
 
Silver Prices & Market Trends
 
Silver bullion: ₹95,950 per kg (Silver 999 Fine).
 
MCX Silver: ₹94,561 per kg, as latest market corrections reflect.
 
Global Drivers of Gold Prices
 
US-China trade tensions and Federal Reserve policy are powering the rally in gold.
 
Gold continues to be the popular investment choice, with stability during market fluctuations.
 
Gold's Past Performance & Investment Insights
 
Gold has jumped 30% year-on-year, returning 15% CAGR since 2001.
 
Gold has beaten inflation by 2-4% since 1995, reaffirming its safe-haven credentials.
 
Future Outlook & Market Predictions
 
Experts predict future price volatility based on economic movements worldwide.
 
Investors are also recommended to pay attention to the policies of central banks and the geopolitical landscape.
 
This price boom is evidence of gold's endurance, reaffirming its status as a premium investment vehicle amidst uncertainty.
 
Sources: MSN, Livemint, NDTV Profit

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