Mumbai: After international prices of gold that rallied to above the $3,100/ounce mark for the first time, the price of the yellow metal in domestic markets rallied above the Rs 91,000/10gm mark, also a record high. Over the last few months, gold prices have been rallying due to global uncertainties emanating from the tariff wars between the US and its largest trading partners.
In India, on Friday, the day’s high for June futures contracts was near the Rs 90,000 mark, on MCX . Silver prices too rallied to above the Rs 1 lakh/kg mark. The price of gold was also boosted by a report by Goldman Sachs that, on Thursday, raised its target price for the yellow metal to $3,300 for 2025.
In India, on Friday, the day’s high for June futures contracts was near the Rs 90,000 mark, on MCX . Silver prices too rallied to above the Rs 1 lakh/kg mark. The price of gold was also boosted by a report by Goldman Sachs that, on Thursday, raised its target price for the yellow metal to $3,300 for 2025.
About The Author
